A report published by the National Audit Office (NAO) estimates that online VAT fraud and error cost the UK somewhere between £1bn and £1.5bn in lost tax revenue during the 2015/16 financial year.

Last year saw an important change to the way tax-deductible business expenses, which are paid to employees, are dealt with.

Landlords should be aware of the different rules which apply to furnished holiday lets and private rented properties, as the tax implications can be enormous.

A range of provisions which allow civil penalties to be levied against residential landlords who commit offences under the Housing Act 2004 came into effect last month.

The announcement of a snap general election to take place on 8 June 2017 had an immediate impact on some of the most eye-catching announcements from the Spring Budget, with the parliamentary wash-up seeing key clauses dropped from the Finance … Continue reading →