Tax | HMRC clarifies use of email for tax queries

HMRC has updated the guidance on when it will accept email as opposed to phone and post enquiries from tax agents and individual taxpayers

20 Nov 2024

Tax

HMRC

Tax Compliance

Technology

Tax | ‘We have your backs’, says Badenoch to 20,000 farmers

20,000 farmers took to the streets of London today to hear the voices of farmers, MPs and spokespeople outside of No 10

19 Nov 2024

Tax

Business Tax

Personal Tax

Property Tax

Inheritance Tax

HMRC

Tax | Retailers warn ‘not possible to absorb’ £2.3bn NI rise

The UK’s largest retailers have written to the Chancellor calling for an urgent meeting and warning such significant hikes in employment costs cannot be absorbed with only five months’ notice

19 Nov 2024

Tax

Employment Tax

Budget

Tax | Q&A: loan to participator tax issue in MBO

In this week’s Q&A, Croner-i tax adviser Ibrahim Nalla explains tricky tax implications of using director loans to part fund management buyout

19 Nov 2024

Tax

Business Tax

Personal Tax

Tax Compliance

Tax | HMRC ‘re-argues’ points but loses £3.1m R&D appeal

Collins Construction won a tax dispute over closure notices for over £3m in research and development (R&D) tax relief citing a case from 2021 which HMRC lost

18 Nov 2024

Tax

Business Tax

HMRC

Case Reports

Tax | HMRC workers balloted over strike action over sacked reps

The union representing HMRC employees is balloting members based in Newcastle for industrial action in support of three sacked reps

18 Nov 2024

Tax

HMRC

HR

Work

Careers

Tax | Slashed farming IHT relief causes farm revolt

The removal of favourable inheritance tax for farmers has created a nightmare for generational farmers. Farming tax experts Julie Butler and Libby James of Butler & Co examine the tax planning options

18 Nov 2024

Tax

Personal Tax

Inheritance Tax

Tax Compliance

Tax Planning

Budget

Tax | Care home fees, tax and the family home

The high cost of care raises important questions about funding, inheritance tax planning and eligibility for continuing healthcare (CHC) funding, explain Lisa Morgan and Catrin Wigley, partners at law firm Hugh James

18 Nov 2024

Tax

Personal Tax

Inheritance Tax

Tax Planning

Tax | Arrests made in 'unprecedented' Moby Dick VAT fraud

A series of raids across Europe have resulted in the arrests of over 40 people involved in a multimillion euro tax evasion scheme using carousel fraud with dozens of luxury cars and yachts seized

15 Nov 2024

Tax

VAT

Tax | HMRC cuts late payment interest rate to 7.25%

Following the November cut in the base rate, HMRC will reduce late payment and repayment interest rates from 18 November

14 Nov 2024

Tax

HMRC

Tax Compliance

Tax | HMRC turns down two thirds of R&D tax claims

Tougher rules have resulted in 72% of research & development tax relief claims rejected by HMRC, including a third that were initially approved

14 Nov 2024

Tax

Business Tax

HMRC

Tax | Changes to director loan rules to stop tax avoidance

Anti-avoidance rules have been tightened up to ensure shareholders cannot extract funds untaxed from close companies with immediate effect 

14 Nov 2024

Tax

Personal Tax

Tax Compliance

Tax Planning

Tax | Can technology save you from Pillar Two fatigue?

Preparing for Pillar Two global 15% base tax rules is no easy task with the challenge of mass consolidation and interpretation of data from disparate sources, explains Russell Gammon, Tax Systems

14 Nov 2024

Tax

International Tax

Tax Compliance

Tax Planning

Tax | Director faces £87k bill for ‘excessive’ furlough claim

HMRC has won a case at tribunal over a disputed £175,000 claim for furlough support payments based on future agreed earnings for family members during pandemic

13 Nov 2024

Tax

HMRC

Case Reports

Tax | CPD module: latest changes to tax rules

In this month’s exclusive free Business & Accountancy Daily CPD module, we focus on the latest developments in tax from rule changes to rates, and the impact of recent tax tribunal decisions.

12 Nov 2024

Tax

HMRC

Tax Compliance

Tax Planning