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Image for hmrc targets non residents over covid 19 tax status

Tax | HMRC targets non-residents over Covid-19 tax status

HMRC is closely scrutinising claims made by non-UK tax resident taxpayers that lockdown rules during the coronavirus pandemic prevented their departure from the UK, warn Matt Taylor and Amy Rengger of RSM

2 Aug 2023

Tax | Airbnb landlords must register properties in Scotland

With only two months to go until the rules on mandatory licences for short-term let landlords come into force, the Scottish government is urging owners to take action

2 Aug 2023

Tax

Property Tax

Image for irish based taxpayer loses ps31m residency tax case

Tax | Irish based taxpayer loses £3.1m residency tax case

HMRC has won a dispute at the Upper Tribunal about whether a taxpayer was a UK resident for tax purposes, and so was liable to pay £3.1m in tax

2 Aug 2023

Business | Jobs lost as school milk provider closes

A supplier of milk and dairy products to schools and nurseries has gone into administration as a result of unsustainable losses, with more than 60 jobs lost

2 Aug 2023

Business

Companies

Accountancy Firms

Restructuring & Insolvency

Image for liverpool umbrella agencies evade tax

Business | Liverpool umbrella agencies evade tax

Employment agencies Apricot Umbrella and Countrywide Partners have both been tagged as paying agency workers using tax avoidance schemes, one using a Cypriot third party, and run by an accountant

2 Aug 2023

Business

Called to Account

Image for hmrc pursues uber ps386m vat bill

Tax | HMRC pursues Uber for £386m VAT bill

HMRC has demanded Uber pay an extra £386m worth of VAT over its use of the tour operators margin scheme

2 Aug 2023

Business | FCA wins Ponzi-style £57m care home case

The Financial Conduct Authority has won a case at the High Court against an illegal care home investment scheme which took £57m from hundreds of investors

2 Aug 2023

Tax | Treasury reviews oil and gas tax regime

The Treasury is consulting on possible simplifications of the oil and gas tax regime but has ruled out removing the temporary energy profits levy

2 Aug 2023

Tax

Consultations

Image for qa bpr gift shares within seven years death

Tax | Q&A: BPR on gift of shares within seven years of death

In this week’s Q&A, Croner-i tax adviser Marsha Haywood explains the tax implications of using business property relief as part of inheritance tax planning when transferring shares

1 Aug 2023

Tax | Wines prices up 50p after alcohol tax hike

Drinkers will face significant price increases under new tax rules as the duty on a bottle of wine rises up to 20% although a pint of beer will cost 11p less in the pub

1 Aug 2023

Tax | Taxpayer loses £420k case over tax domicile

A taxpayer has been ordered to pay £320,000 to HMRC after a First Tier Tribunal (FTT) ruled that he had failed to establish a domicile of choice in the US

1 Aug 2023

Finance | Legal updates: August 2023

Sophie Brookes and Debbie Shaw of Gateley examine High Court decisions on breach of warranty claims in Drax and Finsbury Food acquisitions, plus investment screening under the National Security and Investment Act 2021

1 Aug 2023

Finance

Law and Regulation

Image for filing deadlines august december 2023

Tax | Filing deadlines: August - December 2023

Our handy guide to tax filing deadlines for VAT partial exemption annual adjustments for year ended 31 May 2023 and corporation tax returns for 31 August year ends

1 Aug 2023

Finance | EU sustainability reporting standards released

The European Commission has issued a set of 12 European Sustainability Reporting Standards effective from 2024 for the largest companies operating across the EU

1 Aug 2023

Finance

Financial Reporting