MTD’s Slow Progress

In part two of his series of regular articles for Accounting Practice, Darren Powell explains why the Making Tax Digital pilot scheme is making slow progress In my last article I was able to report on my experiences of the…

Trading and Property Allowance explained

Ben Chaplin explains how the newly introduced trading and property allowances will work. During his Budget speech in March 2016, then Chancellor George Osborne announced plans to introduce two new allowances intended to “help the new world of micro-entrepreneurs who…

Beware the IHT loan trap

Mark McLaughlin points out explains how an IHT anti-avoidance provision could result in the unexpected denial of a deduction for an outstanding debt on death. The making of gifts and loans between family members, friends, etc., are a relatively common…