Tax

Latest news

Image for landlords set receive making tax digital letters

Tax | Landlords set to receive Making Tax Digital letters

HMRC plans to start sending letters to taxpayers affected by introduction of Making Tax Digital for income tax advising them they will have to report quarterly

26 Feb 2025

Tax | Only 8% support ending tax-free cash ISAs

The overwhelming majority of savers with cash ISAs are against the government scrapping or reducing cash ISAs

25 Feb 2025

Tax

Personal Tax

Politics

Image for 4 10 british farms could go bust due tax hike

Tax | 4 in 10 British farms could go bust due to tax hike

More than a third of UK farms could go out of business in the next five years as a result of the government’s changes to inheritance tax (IHT)

25 Feb 2025

Tax | Advertising campaign to promote HMRC app

HMRC is running an advertising campaign in national newspapers and social media to encourage downloads of the HMRC app, and mailing leaflets in letters

25 Feb 2025

Tax

Personal Tax

HMRC

Tax | HMRC loses agricultural show £202k VAT appeal

The organisers of a major agricultural show have won a dispute over a £206,000 VAT appeal with Upper Tribunal ruling against HMRC

25 Feb 2025

Tax

HMRC

Case Reports

Image for qa tax and shareholder loan waiver

Tax | Q&A: tax and shareholder loan waiver

In this week’s Q&A, our Croner-i VIP Tax Team explains tax and capital loss implications when director wants to waive shareholder loan when selling business

25 Feb 2025

Tax | Director loses £21k CJRS appeal after ‘irrelevant’ argument

The director of an electrical retail business questioned HMRC’s conduct over the handling of his coronavirus job retention scheme (CJRS) application after securing a bounce back loan

24 Feb 2025

Tax | HMRC advisory fuel rates for company car users from 1 March 2025

Advisory fuel rates for company users of petrol and diesel cars have been slightly tweaked, while electric rates are unchanged

24 Feb 2025

Tax | Do you qualify for R&D tax relief? How to give a straight answer

With HMRC watching R&D claims like a hawk, Richard Edwards, founder of the R&D Community explains how to submit a claim, understand abstract definitions and make a claim as watertight as possible

24 Feb 2025

Tax | Holly Willoughby’s agency faces £300k tax bill

The former This Morning presenter and her husband’s TV production company could be wound up by HMRC after failing to pay a significant tax bill

21 Feb 2025

Tax

HMRC

Tax | HMRC pulls in £4.4bn more in self assessment tax record

HMRC collected an additional £23bn in taxes since April to January this tax year, with self assessment tax take up 19%, an eye watering £10bn more than pre-pandemic

21 Feb 2025

Tax

HMRC

Image for 83 ev owners unaware looming ps195 road tax bill

Tax | 83% of EV owners unaware of looming £195 road tax bill

EV owners should re-tax their car before April to save close to £200 over the next year, particularly as vehicles over £40,000 face £600 annual road tax charge

21 Feb 2025

Tax

Personal Tax