News

Taxpayers offered online tool to assess their self-assessment requirement - January 2, 2019
News Article

It should seem obvious whether an individual must submit a self-assessment tax return annually. Yet, each year, thousands of people find themselves brought into the regime unwittingly. To help taxpayers prepare their affairs accordingly, HM…Read more

Taxpayers treated unfairly by HMRC, says House of Lords report - January 2, 2019
News Article

The House of Lords Economic Affairs Committee has criticised some of the powers granted to HM Revenue & Customs (HMRC), describing them as disproportionate and lacking effective taxpayer safeguards. The committee’s latest report says that…Read more

Unwrapping Christmas tax gifts - December 4, 2018
News Article

Christmas is a time for giving, but many businesses may not be aware that their gifts can be made in a tax-efficient manner, which could make raising festive spirits that little bit cheaper. While Christmas…Read more

UK takes second spot for tax compliance in G20 - December 4, 2018
News Article

New research from the World Bank has revealed that the UK has the second most effective tax system amongst the G20 nations for tax compliance and ease of paying corporate taxes. According to the survey,…Read more

House of Lords calls for a delay to Making Tax Digital - December 4, 2018
News Article

The House of Lords Economic Affairs Committee has criticised HM Revenue & Customs (HMRC) for its handling of Making Tax Digital (MTD) and called for a delay to some of the regime’s mandatory requirements. The…Read more

Italian e-invoicing requirements make Making Tax Digital look like a walk in the park - December 4, 2018
News Article

While a series of false starts and changes of direction have made Making Tax Digital (MTD) seem more complicated than it might need to be, new e-invoicing requirements that come into effect in Italy from…Read more

180,500 first-time buyers benefit from relief on Stamp Duty Land Tax (SDLT) - December 4, 2018
News Article

Figures released by HM Revenue & Customs (HMRC) have revealed that 180,500 first-time buyers have benefited from the Government’s changes to Stamp Duty Land Tax (SDLT). HMRC estimates that first-time buyers have saved a total…Read more

Big increase in P2P lending - December 4, 2018
News Article

The fifth annual UK Alternative Finance Industry Report has revealed a 65 per cent year-on-year increase in peer-to-peer (P2P) lending. The P2P lending market is now worth £2 billion and small and medium-sized enterprises (SMEs)…Read more

Smaller estates should not have to file Inheritance Tax paperwork, says Office for Tax Simplification - December 4, 2018
News Article

The Office for Tax Simplification (OTS) has said that smaller and less complex estates should not be subject to the requirement to file Inheritance Tax (IHT) paperwork. The call was part of a review into…Read more

Holeys chartered accountancy firm and taxation advisors are celebrating their 65th year, making it one of the oldest firms in Harrogate. - November 30, 2018
News Article

The firm has been providing valuable advice since 1953 when Brian Holey set the practice up. Paul Stephenson the managing Director said, “The age of the firm came to light when interviewing one of our…Read more