Tax

Latest news

Image for i have done nothing wrong says treasury minister

Tax | ‘I have done nothing wrong’, says Treasury minister

MP Tulip Siddiq has referred herself to the ethics watchdog after being linked to the former Bangladeshi prime minister’s nuclear power plant deal with Russia

7 Jan 2025

Tax

Politics

Image for charity and trustee lose ps420k appeal

Tax | Charity and trustee lose £420k appeal

The First Tier Tribunal has dismissed the appeal of a charity and a trustee against two income tax assessments equating to over £270,000 and two closure notices worth £150,000

7 Jan 2025

Tax

Personal Tax

Case Reports

Image for qa stamp duty buy let property transfers

Tax | Q&A: stamp duty on buy to let property transfers

In this week’s Q&A, Croner-i tax adviser Eleanor Bradshaw explains the tax implications of interspousal transfers of buy to let properties

7 Jan 2025

Tax | CPD module: tax and the farmhouse

In this month’s exclusive free CPD module, we focus on changes to the taxation of farmhouses after recent Budget announcements

6 Jan 2025

Tax | Tax filing deadlines: Jan to Mar 2025

Deadline for filing self assessment tax returns for 2023–24 and CT61 returns for Q4 2024

6 Jan 2025

Tax | Over 90k people filed tax returns over Christmas break

HMRC statistics have shown that 92,800 people decided to spend their Christmas break completing their tax return

6 Jan 2025

Tax

Personal Tax

HMRC

Image for russian hedge fund manager loses ps500k sdlt battle

Tax | Russian hedge fund manager loses £500k SDLT battle

A London building was bought for £5.75m in 2021 by Andrei Tretyakov which he contended was not fully residential at the time of purchase, despite having a wine cellar and sauna in the commercial area

6 Jan 2025

Tax | PAYE celebrates 80th birthday

It is now 80 years since the introduction of PAYE, which saw tax collected on a weekly and monthly basis rather than twice a year for anyone earning over £100

3 Jan 2025

Tax

Employment Tax

Work

Image for businesses pay 60 more nics employee

Tax | Businesses to pay 60% more in NICs per employee

An employee on minimum wage is set to cost an employer £2,583 more per year due to upcoming rises in employer’s National Insurance and minimum wage

3 Jan 2025

Tax

Employment Tax

HMRC

Tax | HMRC launches R&D tax disclosure service

HMRC has set up a special R&D disclosure scheme for companies which have made excessive claims and are out of time to amend corpation tax returns

3 Jan 2025

Tax | Labour’s private school VAT raid begins

Labour’s addition of VAT on private school fees came in from 1 January with many parents having to cough up thousands of pounds if their schools decide not to cover the increase

2 Jan 2025

Tax | Gifts to charities in wills increases to £2.1bn

Over 400 estates donated at least £1m to charities to avoid inheritance tax in 2024 with the total reaching the highest amount ever recorded

2 Jan 2025

Tax

Personal Tax

Tax Planning

Image for how navigate latest inheritance tax changes

Tax | How to navigate latest inheritance tax changes

Ian Dyall, head of estate planning at Evelyn Partners, looks at ways to deal with sweeping changes to IHT from business property relief to tax on pension pots

2 Jan 2025

Tax

Personal Tax

Tax Planning