Airbnb hosts to be targeted by HMRC
Whitley Stimpson recommends transparency over taxable lettings income to Airbnb hosts in order to avoid penalties.
Update on the deferral on July payments to January 2021 by Owen Kyffin
The Institute of Tax have provided some further guidance following an HMRC statement.
Keeping it in the Family – IHT Planning now and post C19 video chat
Jonathan Walton and Owen Kyffin of Whitley Stimpson discussed inheritance tax (IHT) now and post COVID-19 via video chat on Wednesday 1 July on the B4 Live platform. A recording of this discussion can be found below.
Nowhere to hide: why HMRC’s Connect system means keeping your tax affairs in order is more important than ever before
Recent reports have shown that HMRC’s sophisticated automated information system, Connect, is being used increasingly frequently to identify income and gains that have not been declared for tax purposes, and the amount of information that HMRC can access to check whether an individual or business is evading tax is growing all the time.