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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

Image for over 60 tax disputes last more year

Tax | Over 60% of tax disputes last more than a year

Three in five businesses (61%) are involved in a tax dispute with HMRC which has lasted more than 12 months

1 Aug 2023

Tax

HMRC

Tax Compliance

Tax | Avios flight points may be taxed, warns HMRC

British Airways Avios members may have to pay VAT on tickets bought with Avios points as a result of HMRC’s review of the airline’s VAT treatment

31 Jul 2023

Tax

VAT

HMRC

Image for uber ruling means taxi apps face vat bill

Tax | Uber ruling means taxi apps face VAT bill

Uber has won a ruling at the High Court that all ride-hailing apps should face a 20% VAT charge on passenger bills

31 Jul 2023

Business | Richard Moriarty hired as head of audit regulator

The Financial Reporting Council has appointed Richard Moriarty as CEO to replace Sir Jon Thompson who has left the regulator to move to HS2

31 Jul 2023

Business

Accountancy Firms

Leadership & Management

Image for charity commission digital filing service goes live

Finance | Charity Commission digital filing service goes live

Charities will have to file annual returns via the Charity Commission’s new digital account service as legacy system is closed

31 Jul 2023

Business

Charities

Business | Duo jailed for £500k crypto scam

Two fraudsters have been jailed for six years for their involvement in the sale of shares totalling £500,000 in a cryptocurrency fraud

31 Jul 2023

Business | VAT fraudster must repay £1.2m or face longer in jail

A jailed fraudster who bought three Spanish villas after stealing from the taxpayer must pay £1.2m back or face another seven years in jail

31 Jul 2023

Business

Called to Account

Image for mike mcmahon head hmrc complaints body

Tax | Mike McMahon to head up HMRC complaints body

The independent Adjudicator’s Office, responsible for handling complaints about HMRC, has promoted Mike McMahon to head of the watchdog

31 Jul 2023

Tax

HMRC

Leadership & Management

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Latest news

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

Tax | Airbnb landlords must register properties in Scotland

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

Business | Jobs lost as school milk provider closes

Business | Liverpool umbrella agencies evade tax

Tax | HMRC pursues Uber for £386m VAT bill

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

Tax | Treasury reviews oil and gas tax regime

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

Tax | Wines prices up 50p after alcohol tax hike

Tax | Taxpayer loses £420k case over tax domicile

Finance | Legal updates: August 2023

Tax | Filing deadlines: August - December 2023

Finance | EU sustainability reporting standards released

Tax | Over 60% of tax disputes last more than a year

Tax | Avios flight points may be taxed, warns HMRC

Tax | Uber ruling means taxi apps face VAT bill

Business | Richard Moriarty hired as head of audit regulator

Finance | Charity Commission digital filing service goes live

Business | Duo jailed for £500k crypto scam

Business | VAT fraudster must repay £1.2m or face longer in jail

Tax | Mike McMahon to head up HMRC complaints body