Tax

Latest news

Image for hmrc write everyone outstanding loan charge

Tax | HMRC to write to everyone with outstanding loan charge

HMRC will be writing to all taxpayers affected by loan charge by mid March to inform them if their disguised remuneration scheme is likely to fall within the remit of the McCann review

24 Jan 2025

Tax | Top 100 taxpayers see tax bill fall to £5bn

A record number of the top 100 taxpayers in the country paid over £100m in tax, although the overall tax paid was down 6.8% on last year

24 Jan 2025

Tax

Business Tax

HMRC

Image for non doms will leave despite concession chancellor

Tax | Non doms will leave despite concession from Chancellor

A last minute amendment to Finance Bill is unlikely to change non dom minds as accountants report many clients are planning to get out of the country in the next five years

24 Jan 2025

Tax | DWP to strip benefit cheats of driving licences

As a deterrent to fraudsters who are cheating the benefit system out of £7bn a year, the Department for Work and Pensions (DWP) has been given new powers to crack down on the issue

24 Jan 2025

Tax

Politics

Image for loan charge review bring issue close says treasury

Tax | Loan charge review to bring issue ‘to a close’, says Treasury

The Treasury has brought in tax expert Ray McCann to lead a review of the contentious loan charge scheme, which has put HMRC and affected taxpayers at loggerheads

23 Jan 2025

Tax | Harra hits back at ‘baseless’ criticism of HMRC by MPs

After the Public Accounts Committee (PAC) slated HMRC’s customer service standards, outgoing CEO Sir Jim Harra rejected the report findings, saying he was ‘disturbed’ by their attitude

23 Jan 2025

Tax

HMRC

Image for 34m taxpayers still not filed self assessment tax return

Tax | 3.4m taxpayers still not filed self assessment tax return

With just one week to go, a third of taxpayers in self assessment have still not filed a 2023-24 tax return, risking an automatic £100 penalty

23 Jan 2025

Tax | Final decision on loan charge review today

The Chancellor is due to issue a written statement about the loan charge review today with sources indicating an independent review is planned

23 Jan 2025

Tax | Enquiry spotlight: persistence and sound legal argument pays off

In our exclusive new series focusing on complex HMRC cases, Bash Khanzada, HMRC enquiries consultant at Croner-i, explains how a major tax dispute between a trustee and HMRC was resolved

23 Jan 2025

Tax | Payments in financial distress

Emma Gross, partner at Spencer West LLP considers the tax implications and payments for redundancy when companies are going bust or entering administration

23 Jan 2025

Tax

Employment Tax

Image for bryan robson faces tax bill over ps300k man utd ambassador role

Tax | Bryan Robson faces tax bill over £300k Man Utd ambassador role

Former football legend Bryan Robson has partly won an appeal at the First Tier Tribunal after a dispute over his earnings and status as a club ambassador at Manchester United

22 Jan 2025

Tax

Personal Tax

Case Reports

Image for pac slates hmrc degrading its own phone services

Tax | PAC slates HMRC for ‘degrading its own phone services’

The Public Accounts Committee (PAC) has slammed HMRC about its poor service standards, cuts to helplines and failure to listen to its ‘customers’ in the drive to push taxpayers online

22 Jan 2025

Tax

HMRC

Politics

Tax | HMRC scores £12m win from Haaland’s record pay deal

Manchester City striker Erling Haaland has just signed the longest contract in Premier League history but will not be the only one to prosper with HMRC set to take over £12m a year

22 Jan 2025

Tax | Capital gains tax revenue skyrockets 60% in three months

December saw tax receipt increases across the board, with capital gains tax clearly being influenced by Labour’s first Budget while Conservative NICs cuts barely scratched the surface

22 Jan 2025

Tax | Dealing with hike in business asset disposal relief CGT rate

Tax expert Peter Rayney considers the implications of the hike in CGT business asset disposal relief (BADR) from April 2025 for owner managed businesses

22 Jan 2025

Tax | HMRC scolded by judge in £9k top slicing tax claim

An appellant, represented by her husband, has had her top slicing tax relief claim thrown out of the First Tier Tribunal despite ‘inordinate’ responses from HMRC

22 Jan 2025