Tax

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Tax | Harry Potter actor loses £1.8m tax dispute

Rupert Grint, famous for his childhood role in the Harry Potter films, faces £1.8m tax bill after HMRC rejected claim for entrepreneurs relief and 10% capital gains tax

29 Nov 2024

Tax | HMRC compliance hires ‘need to hit the ground running’

MPs on the Treasury Committee questioned HMRC boss about how quickly new compliance staff will be able to make an impact on tax gap, scale of farming tax and plans to implement artificial intelligence (AI)

28 Nov 2024

Tax

HMRC

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Tax | How to reduce capital gains tax bills legally

The rise in capital gains tax (CGT) rates at the Budget has left people wondering how to reduce their exposure and where to invest, warns Rowan Morrow-McDade, tax director at Alexander & Co

28 Nov 2024

Business | HMRC officer avoids jail for faking national insurance numbers

A former HMRC compliance officer took advantage of her position at the tax authority to help her husband launder £3m of ‘criminal cash’

28 Nov 2024

Business | ‘Tax fugitive’ caught out by an £18 kebab

HMRC caught up with a VAT fraudster after he shelled out £18 for a kebab in Wales, eventually being sentenced to three years and four months imprisonment

27 Nov 2024

Tax | HMRC advisory fuel rates for company car users from 1 December 2024

HMRC has cut advisory fuel rates for company users of petrol and diesel cars, leaving electric rates unchanged

27 Nov 2024

Tax | Q&A: substantial shareholding exemption and tax liablity

In this week’s Q&A, Croner-I tax adviser Rickie Lowery ATT CTA considers whether shareholding is a chargeable gain for corporation tax purposes

26 Nov 2024

Tax | ‘Simple tax planning’ could slash farmers’ IHT bill

Despite vociferous opposition to changes to agricultural property relief (APR) a mere 158 farms claimed two thirds of the tax break in 2022

26 Nov 2024

Tax | 17% hike in scams targeting taxpayers

With the self assessment season gathering pace, HMRC has warned taxpayers to be extra vigilant as 145,000 scam referrals for fake rebates and demands for tax were identified in the last year

26 Nov 2024

Tax | HMRC investigations lead to only 300 prosecutions

The number of tax prosecutions is up 19% on last year as HMRC investigators ramp up anti-tax fraud but the chances being prosecuted are less than 1%

26 Nov 2024

Tax | Anonymous taxpayer cannot hide identity

The Upper Tribunal has ruled that a taxpayer involved in a dispute with HMRC over unpaid taxes cannot remain anonymous forever as they have given no good reason as to why their identity should be kept secret

25 Nov 2024

Tax | Webinar on VAT and commercial property

25 Nov 2024

Tax

VAT

Tax Compliance

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Tax | HMRC extends tax agent code disclosure deadline

HMRC has extended the deadline for accountants to provide details of the codes used for self assessment, VAT and corporation tax across their firms

25 Nov 2024

Tax | Real time reporting of benefits in kind from April 2026

HMRC has clarified the changes to compulsory reporting of benefits in kind (BiKs) expenses through payroll software from the new tax year with some initial exemptions

22 Nov 2024