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Posts by Paige Collins

Small business owners – double hit from rising prices

Rising prices hurt just about everyone, but small business owners face a double hit: the impact on their own spending power, but also less revenue coming in from cash-strapped customers. The volume of retail sales fell 1.4% in March, with spending on food dropping by 1.1%. These are the first...

Student loan rule changes from 2023

Around three-quarters of those students who started full-time undergraduate degrees in 2020/21 are not expected...

Making Tax Digital – the next step

Making Tax Digital (MTD) for VAT has been in place for three years, but this...

A new breed of digital nomad

The pandemic has freed many workers from the confines of the office, leading to the...

Child benefit charge – can it be fixed?

A critical review of how the government taxes child benefits has raised a major question mark over HMRC’s approach to...
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Minimum pension age increase

The normal minimum pension age is set to increase from 55 to 57 on 6 April 2028, although some individuals will see their benefits protected under a new regime.
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Taxpayer victory leads to room hire VAT exemption

A recent First-Tier Tribunal ruling in the taxpayer’s favour has found that room rental is VAT exempt, but the decision may still be superseded by changes in legislation.
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Covid-19 support schemes fraud

Covid-19 support schemes fraud could be as high as £20bn, with HMRC’s Taskforce expected to recover funds until 2023.
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Room hire VAT exemption – taxpayer victory

A recent First-Tier Tribunal ruling in the taxpayer’s favour has found that room rental is VAT exempt, but the decision may still be superseded by changes in legislation.
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Tax penalties – What is a ‘reasonable excuse’?

HMRC guidance on what constitutes a ‘reasonable excuse’ as more individuals and businesses incur tax penalties due to Covid-related disruptions.
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