Tax

Latest news

Image for taxpayer must disclose all offshore bank details hmrc

Tax | Taxpayer must disclose all offshore bank details to HMRC

A director has been given some leeway at a tax tribunal after judge ruled that HMRC could not ‘conduct an on-the-spot enquiry’

18 Jul 2024

Tax | King’s Speech: what accountants need to know

The King’s Speech was fuelled by Labour’s ambitions to kickstart economic growth with 40 bills, including audit reform, overhaul of employment law, VAT on private school fees and changes to apprenticeship levy

17 Jul 2024

Tax

Politics

Image for collagen drink supplier loses ps13m vat case

Tax | Collagen drink supplier loses £1.3m VAT case

A collagen drink product is not ‘food of a kind used for human consumption’ and therefore not exempt for VAT purposes

17 Jul 2024

Tax | Audit reform given green light in King’s Speech

In a King’s Speech packed with 40 bills, reform of audit and corporate governance was one of the first issues mentioned by King Charles

17 Jul 2024

Tax | Two weeks until payments on account tax deadline

As the deadline for payments on account looms, Stevie Heafford, tax partner at HW Fisher, explains what self employed taxpayers need to do

17 Jul 2024

Tax | Webinar on what accountants can expect from Labour

Join our webinar at 11am on 17 July with our tax, accounting and HR experts on what legislative changes to watch out for under Labour

16 Jul 2024

Tax

Politics

Image for bbc presenter charlie stayt pay ps191k tax bill

Tax | BBC presenter Charlie Stayt to pay £191k tax bill

In a bid to avoid bankruptcy Charlie Stayt has paid most of a £191,000 tax bill

16 Jul 2024

Tax | Tax remit at Treasury moves to James Murray

MP James Murray will be responsible for the tax system and HMRC as Exchequer secretary to the Treasury, not Lord Livermore as originally announced

16 Jul 2024

Tax

Politics

Image for parliamentary session extended 30 july

Tax | Parliamentary session extended to 30 July

An additional week has been added to the current parliamentary session to give the new Labour government more time to set out their legislative plans

16 Jul 2024

Tax

Politics

Image for taxpayer loses absurd claim ps400m against hmrc and cps

Tax | Taxpayer loses ‘absurd’ claim for £400m against HMRC and CPS

The High Court has dismissed a claim by a businessman for reimbursement of costs and malicious prosecution related to a trial over charges of tax evasion

16 Jul 2024

Tax

HMRC

Case Reports

Image for over 500k taxpayers caught 60 tax trap

Tax | Over 500k taxpayers caught by 60% tax trap

More than half a million UK taxpayers caught in 60% tax trap, up nearly a quarter in last year as frozen thresholds bite

15 Jul 2024

Tax

Personal Tax

Image for 21 football clubs arrears hmrc

Tax | 21 football clubs in arrears with HMRC

HMRC is pursuing football clubs across the country for VAT and corporation tax debts with at least 21 falling into arrears with their payments

15 Jul 2024

Tax | Changes to VAT registrations must be made online only

HMRC has confirmed that all changes to VAT registration details will have to be made online from August as paper form withdrawn

12 Jul 2024

Tax

VAT

HMRC

Image for henley property owners win ps330k tax case

Tax | Henley property owners win £330k tax case

A couple who bought a seven-bedroom house in Henley on Thames has won their mixed-use stamp duty land tax (SDLT) appeal at the Upper Tribunal

12 Jul 2024

Tax | Automatic PAYE refunds will no longer be issued

HMRC has stopped posting out automatic cheques for tax refunds in the mail, forcing individual employees to register a claim online to ensure they receive repayment of PAYE

11 Jul 2024