Tax

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Image for chancellor calls business leaders help fix foundations

Tax | Chancellor calls on business leaders to help ‘fix the foundations’

After warnings of doom and gloom about the October Budget, Rachel Reeves has met a group of business leaders to stress the importance of working together

29 Aug 2024

Tax | CGT seen as the obvious tax to increase

With a ‘painful’ Budget around the corner and various taxes tipped to rise the main one on the agenda is capital gains tax (CGT)

29 Aug 2024

Tax

Property Tax

HMRC

Image for sky rugby commentator loses ps695k ir35 appeal

Tax | Sky rugby commentator loses £695k IR35 appeal

HMRC has won an IR35 appeal at the Upper Tribunal against Stuart Barnes, a former rugby player and Sky commentator

29 Aug 2024

Tax | Tips on how to register for self assessment by 5 October deadline

The deadline for registering for self assessment tax returns is fast approaching and taxpayers must take action as HMRC does not get in touch

29 Aug 2024

Tax | Property boss loses £75k furlough case

A property investment company wrongly claimed over £75,000 in coronavirus job retention scheme support, tribunal ruled despite HMRC missing court filing deadline by 48 hours

29 Aug 2024

Tax

Employment Tax

Case Reports

Image for getting grips five different rd tax relief schemes

Tax | Getting to grips with five different R&D tax relief schemes

The recent overhaul of R&D tax relief schemes has done little to simplify the rules as users now have to grapple with no less than five schemes. Richard Edwards, CEO of R&D Community, explains the key differences

28 Aug 2024

Tax | The end of business asset disposal relief: the ‘UK’s worst tax break’?

When entrepreneurs’ relief was rebranded in 2020 as business asset disposal relief, it was pretty clear what some in the Treasury thought of it, says Chris Etherington, partner at RSM

28 Aug 2024

Tax

Business Tax

Tax Planning

Image for families being stung shock iht bills doubles

Tax | Families being stung with shock IHT bills doubles

A freedom of information (FOI) request from Evelyn Partners to HMRC reveals the number of people paying inheritance tax (IHT) on gifts made before death is rising sharply

27 Aug 2024

Tax | Hair extensions are not zero-rated for VAT

A hair extension and wig company which had contracts with the NHS disputed a £277k VAT bill as they claimed the service should be VAT exempt due to medical purposes

27 Aug 2024

Tax | UK set for ‘short term pain for long term good’, says Starmer

Those with the broadest shoulders should bear the heaviest burden’ as Starmer announces non- non-domiciled residents will be the first affected

27 Aug 2024

Tax

Politics

Image for top tips beat dividend tax trap

Tax | Top tips to beat the dividend tax trap

Laith Khalaf, head of investment analysis at AJ Bell, explains how investors can reduce their exposure to tax on dividend payments as allowance shrinks away to £500

27 Aug 2024

Tax | Q&A: complex tax structures and associated companies

In this week’s Q&A, Croner-i tax adviser Michael Smylie unravels a complex corporate structure to explain the tax implications of the associated businesses

27 Aug 2024

Tax

Business Tax

Tax Compliance

Image for hmrc plans replace contact centre phone system

Tax | HMRC plans to replace contact centre phone system

HMRC is taking the first steps to upgrade and modernise its legacy call centre phone system with an initial early engagement exercise with a selection of CCaaS providers due to close shortly

23 Aug 2024

Tax

HMRC

Image for supreme court will hear prudential assurance ps18m vat appeal

Tax | Supreme Court will hear Prudential Assurance £1.8m VAT appeal

The Supreme Court has confirmed it will allow an appeal from Prudential Assurance Company related to VAT liability on continuous supply of service rules

23 Aug 2024

Tax

VAT

Case Reports

Image for removal tax breaks will damage oil and gas sector

Tax | Removal of tax breaks will damage oil and gas sector

The UK oil and gas industry is urging the government to review plans to remove investment tax breaks and halt the hike in windfall tax rate

23 Aug 2024

Tax

Business Tax

Politics

Image for hmrc loses ps247k vat appeal nhs hospital builder

Tax | HMRC loses £247k VAT appeal by NHS hospital builder

A Glasgow construction company has won an appeal in a dispute over penalties for late payment of VAT due to delays in NHS paying bills during the pandemic

23 Aug 2024

Tax

VAT

Case Reports

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Latest news

Tax | Chancellor calls on business leaders to help ‘fix the foundations’

Tax | CGT seen as the obvious tax to increase

Tax | Sky rugby commentator loses £695k IR35 appeal

Tax | Tips on how to register for self assessment by 5 October deadline

Tax | Property boss loses £75k furlough case

Tax | Getting to grips with five different R&D tax relief schemes

Tax | The end of business asset disposal relief: the ‘UK’s worst tax break’?

Tax | Families being stung with shock IHT bills doubles

Tax | Hair extensions are not zero-rated for VAT

Tax | UK set for ‘short term pain for long term good’, says Starmer

Tax | Top tips to beat the dividend tax trap

Tax | Q&A: complex tax structures and associated companies

Tax | HMRC plans to replace contact centre phone system

Tax | Supreme Court will hear Prudential Assurance £1.8m VAT appeal

Tax | Removal of tax breaks will damage oil and gas sector

Tax | HMRC loses £247k VAT appeal by NHS hospital builder