Tax Law News and Insights

Payrolling Benefits In January 2024, it was announced that Payrolling Benefits in Kind ("PBIK") will become mandatory from 6 April 2026. HMRC are to issue further details, which are expected to be included in the Chancellor's October Budget. Before this change takes effect, employers can voluntarily register to join the...

Read More

With just under two months to go before the elections and one presidential debate under our belts, the candidates have yet to divulge complete economic plans that fully address the extent of their tax policies. Both Vice President Kamala Harris and former President Donald Trump have provided some general policies,...

Read More

In its recent strategic operating plan update, the Internal Revenue Service ("IRS") delineated its future priorities, notably an enhanced audit focus targeting high-net-worth individuals, multinational corporations, and partnerships. The alternative investment industry should be particularly vigilant as the IRS plans to significantly augment its audit rates by as much as...

Read More