FEATURED Articles7 Aug 2023
Do I need to pay tax on cryptocurrency?
Cryptocurrency has revolutionised the financial world. As the popularity of cryptocurrencies grows, so does the complexity of taxation of these digital assets.
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Guides & Publications28 Jul 2023
Alliotts Focus – Autumn 2023
In the Autumn edition of Alliotts Focus we look at; Keeping on top of scams, Managing Corporation Tax, Rental Market Reforms, and a look at HMRC investigations
Articles26 Jul 2023
Simplification of the UK Tax System, is it a good idea?
Simplifying the UK tax code has been a topic of debate among politicians, economists, and tax professionals. Advocates argue that it can lead to better administrative efficiency, higher compliance rates, and economic growth. On the other hand, detractors raise concerns... Read more
Articles25 Jul 2023
Tax gap at all-time low
The tax gap is the difference between the amount of tax that should, in theory, be paid to HMRC, and what is actually paid. For 2021/22, the gap was at an all-time low of 4.8% (or £35.8 billion), although in... Read more
Articles23 May 2023
2023/24 – the 23-month tax year?
If you are self-employed, the new tax year may be longer than you think. If you are self-employed, until 2023/24, you have normally been taxed on the profits made in the accounting year that ends in the tax year. For... Read more
Articles20 May 2023
Neglected Child Trust Funds lying unclaimed
A recent investigation into Child Trust Funds (CTFs) by the National Audit Office (NAO) has revealed that, disturbingly, nearly £400 million in matured CTFs remain unclaimed. CTFs were opened for some 6.3 million children born between 1 September 2002 and... Read more
Articles12 Apr 2023
Demise of paper tax returns
More than 12 million taxpayers file self-assessment tax returns, but less than 3% do so using a paper return. Given this low demand, HMRC is reviewing the current paper filing service. HMRC stopped sending out paper tax returns three years... Read more
Guides & Publications16 Mar 2023
Spring Budget 2023
The first Budget since October 2021 was widely expected to be an uneventful affair. Five months ago, the then new Chancellor, Jeremy Hunt, presented an Autumn Statement that was more of a Budget than many formal Budgets. Not only did his Autumn Statement result in a greater increase in the tax burden than most Budgets – £55 billion by 2027/28 – it was also accompanied by a Finance Bill.