A man posing as an accountant has been jailed for orchestrating an immigration fraud scheme that involved submitting false employment and payroll information to secure spousal visas. The ringleader charged clients annual fees for providing fake documentation and was supported by accomplices who also received prison sentences. Investigators uncovered manipulated income records and seized significant...
The head of Scottish Financial Enterprise has urged the Scottish Government to reconsider its income tax structure and bring thresholds closer to those used elsewhere in the UK. He believes the current approach discourages skilled workers and overseas talent, particularly as Scottish taxpayers begin paying higher rates at lower income levels. The warning comes ahead...
Businesses across the UK’s hospitality and leisure sector are preparing for significant financial pressure as reforms to business rates take effect from April. Seasonal attractions, hotels, pubs and restaurants are expected to see notable increases, raising fears of higher prices, reduced staffing and potential closures. Industry analysis suggests that popular festive destinations and visitor attractions...
UK property sellers have lowered their expectations, with average asking prices falling by around £2,000 compared with the same period last year. Property platform data suggests the decline is linked to uncertainty surrounding possible tax changes ahead of the Budget, causing hesitation among both buyers and sellers. Disclaimer The information on this Blog is...
The UK Supreme Court (UKSC) has refused Jenny Helliwell leave to appeal her England and Wales High Court defeat against former husband Simon Entwistle. Entwistle successfully challenged a pre-nuptial agreement in which Helliwell had made a gross understatement of her assets (Helliwell v Entwistle, 2025 EWCA Civ 1055). In the original judgment, Entwistle was awarded only GBP400,000...
HMRC is sending letters to taxpayers who it believes should ensure that any legal interpretation applied in a tax return or other document sent to HMRC is ‘correct in both fact and law’ as set out in its Guidelines for Compliance 13. HMRC says that where the taxpayer has relied on a particular interpretation of the...
HMRC is writing to taxpayers who ceased to be UK-resident for a short period of time, urging them to ensure they have declared all of their income and gains on their return to the UK. Special rules apply to prevent individuals avoiding UK tax by leaving the UK for a period of five years or...
A Win for Caregivers: PRR Relief Granted on Multiple Properties In a recent case, a caregiver who moved into his parents’ home to care for his ailing father successfully claimed Principal Private Residence Relief (PRR) on not one, but two separate property disposals. The First Tier Tribunal (FTT) sided with the taxpayer, confirming that his...
The England and Wales High Court (EWHC) has ordered the tenant of a London property to pay GBP851,000 in rent to his landlord, despite the tenant’s claim that payment would be illegal because the landlord is a designated person under the Russia (Sanctions) (EU Exit) Regulations 2019. The EWHC agreed that, while regulations 12 and...
The amount of inheritance tax (IHT) collected by HMRC continues to rise rapidly, reaching £ 6.7 billion in the 2022/23 tax year, some 12 percent higher than the 2021/22 figure. One in every 21 deaths resulted in an IHT charge, equal to the previous high of 2016/17 before the residential nil-rate band was introduced. The...
Copyright by CareAccountancy. All rights reserved.
Copyright by CareAccountancy. All rights reserved.
