Tax

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Tax | Q&A: tax and holdover relief for trusts

In this week’s Q&A, Croner-i tax advisor consultant Kiya Jacobs explains the tax relief rules for discretionary trusts when transferring property

13 Aug 2024

Tax | Webinar on dividends versus payroll

Join our expert webinar on the tax pros and cons of dividend versus payroll on 20 August

12 Aug 2024

Employment Tax

Image for more buy let properties being repossessed

Tax | More buy to let properties being repossessed

Landlords are struggling to keep their properties out of arrears with a rise in buy to let repossessions in the last quarter, particularly in London

9 Aug 2024

Property Tax

Image for hmrc wins labeikis claim against validity loan charge

Tax | HMRC wins Labeikis claim against validity of loan charge

A group of over 50 taxpayers has lost a case at the High Court over whether the loan charge was compatible with EU law

9 Aug 2024

Case Reports

Tax | Crypto investors will not be able to avoid tax, warns HMRC

HMRC is ramping up activity to target known crypto investors who have not declared their taxable gains with letters requiring a response

8 Aug 2024

Tax | Italy hikes ‘non dom’ charge to €200k

Italian lawmakers plan to double the flat tax charged on high net worth individuals who transfer their tax residence to the country

8 Aug 2024

Tax Planning

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Tax | Costs battles with HMRC – lessons from Emile Heskey case

Francis Kendall, director and costs lawyer at Kain Knight examines the implications of a court’s decision to land former footballer Emile Heskey with nearly £200,000 in costs for HMRC’s legal fees, and how difficult it is to dispute the tax authority’s costs

8 Aug 2024

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Tax | Private healthcare could face VAT charge

After VAT on private school fees, VAT expert David Gage warns this could ‘open a can of worms’, with other ‘luxury’ services facing indirect tax charge

7 Aug 2024

VAT

Image for hmrc chases lockdown puppy profit

Tax | HMRC chases lockdown puppy profit

It is no secret HMRC chased animal breeders for undeclared income after setting up a task force in 2015, with more than £5m being recovered in 2019

7 Aug 2024

Tax Compliance

Tax | HMRC webchat advice backfires in tax penalty appeal

An appellant paid their £57,000 income tax bill late due to the wrong advice from an HMRC online adviser, leading to his penalty being overturned at the tribunal

7 Aug 2024

Tax | Property magnate faces £5.7m penalty after s113 argument fails

A US property millionaire will have to a penalty of £5,744,219 for a failure to file tax returns on time as Court of Appeal rules penalties were validly issued

6 Aug 2024