HMRC issues report on financial institution notice powers

HMRC’s report covers the impact and effectiveness of HMRC’s latest information power and highlights two potential uses not envisaged during the consultation. The information power was introduced by Finance Act 2021. It gives HMRC the ability to request information from financial institutions that it reasonably requires for the purpose of either checking the tax position […]

Why it could be easier to get a mortgage on a flat with cladding issues

Owners of flats in high-rise buildings that have unsafe cladding may be able to more easily sell or remortgage their homes, thanks to a shift in lending policy at six major banks. Barclays, HSBC, Lloyds Banking Group, Nationwide, NatWest and Santander have each committed to consider mortgage applications on flats in buildings with cladding that […]

HMRC issues certificate of tax deposit reminders

HMRC has been issuing letters to remind taxpayers to use certificates of tax deposit (CTD) before the scheme closes on 23 November 2023. HMRC has been issuing letters to remind taxpayers to use certificates of tax deposit (CTD) before the scheme closes on 23 November 2023. The CTD scheme historically allowed taxpayers to deposit money […]