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Budget Special

It is impossible to write about the Budget, given its timing.

On 5 July, the nation awoke to a landslide election victory for Labour, with the Conservatives recording their lowest number of seats since 1832 and the Liberal Democrats becoming the largest t

Making Tax Digital for Income Tax Self-Assessment (MTD ITSA) is now less than 18 months away, with taxpayers with income over £50,000 mandated from 6 April 2026.

Sadly, complaints against professionals brought by clients or the regulator are an increasing fact of professional life.

Broadly, carried interest is the allocation of an equity fund’s profit share paid to investment managers in connection with their management activities.

The 2014 salaried members rules (‘the rules’) remove the self-employment presumption of members whom HMRC believe are effectively employees.

The CIOT used HM Treasury’s call for 2024 Budget representations to outline our concerns on some of the definitions contained within TCGA 1992 s 162.

The ATT made four representations in advance of the Autumn Budget on the following topics:

Making Tax Digital for Income Tax Self-Assessment (MTD ITSA) is now less than 550 days away, becoming compulsory for the first wave of self-employed individuals and landlords on 6 April 2026.

One area of increasing importance concerns responsibilities where taxpayers and/or their agents use software to file returns with HMRC.