Tax | Election 2024: tax policies by party

With two weeks to go until the general election on 4 July, find out how the main parties plan to change tax with our handy links

19 Jun 2024

Tax

Politics

Tax | SNP wants devolved control of national insurance

The Scottish National Party has set out plans for fully devolved tax powers, with control of national insurance and VAT

19 Jun 2024

Tax

Politics

Tax | Over 5.4k people inform HMRC about untaxed offshore assets

The number of people admitting they had hidden untaxed offshore assets was up 146% to 5,427 last year

18 Jun 2024

Tax

Personal Tax

HMRC

Tax | £110k VAT penalty upheld as fraudulent trading

A scrap metal trader has lost a claim against a personal tax penalty of £110,127.60 as tribunal persuaded he knew his company’s activity was fraudulent

18 Jun 2024

Tax

Case Reports

Tax | Q&A: withholding tax on royalties from India

In this week’s Q&A, Amaira Badat, tax adviser at Croner-i, explains the tax compliance issues for a UK trading company

18 Jun 2024

Tax

International Tax

Tax Compliance

Tax | Business rates need urgent reform for SMEs

With a number of parties setting out vague plans to reform business rates if they come to power, Warren Mead, CEO of Sumer, calls for an urgent overhaul of the ‘unfair’ system

17 Jun 2024

Tax

Politics

Tax | Reform plans to raise tax free threshold to £20k in ‘radical’ contract

Nigel Farage’s party, Reform UK, has set out a ‘radical’ unfunded wish list  of policies to challenge Labour during the next parliament, acknowledging that it will not have many MPs

17 Jun 2024

Tax

Politics

Tax | HMRC boss Jim Harra knighted in King’s honours list

The King’s birthday honours list brings news that the head of HMRC has been given a knighthood for public service as he wrestles with record poor service levels at the tax authority

17 Jun 2024

Tax

HMRC

Tax | Sales manager faces £167k tax and penalties for deliberate errors

A Wakefield sales consultant made deliberate mistakes on years of tax returns by under-declaring £560,589.39 in income

17 Jun 2024

Tax

Case Reports

Tax | Webinar on annual share scheme reporting and EMI schemes

Sign up for our webinar on annual share scheme reporting and enterprise management incentive (EMI) schemes to be ready for July deadline

17 Jun 2024

Tax

Employment Tax

Tax Compliance

Tax | HMRC recovers £1.39bn from inheritance tax probes

The amount of tax collected from unpaid inheritance tax (IHT) is soaring but the scale of return from HMRC investigations means it could be even higher

14 Jun 2024

Tax

Personal Tax

Inheritance Tax

HMRC

Tax | HMRC targets taxpayers busting £1m BADR limit

In the latest anti-avoidance campaign, HMRC’s wealth team has sent letters to taxpayers whose business asset disposal relief (BADR) claims exceed lifetime limit

14 Jun 2024

Tax

Personal Tax

HMRC

Tax Compliance

Tax | Tyre exporter hits skids in £425k VAT appeal

A ‘serious and significant delay’ in an appeal by a tyre exporting company has been dismissed after tribunal upheld VAT and penalty assessments

14 Jun 2024

Tax

Case Reports

Tax | Plaid Cymru calls for more devolved tax powers

At the manifesto launch in Cardiff, Plaid Cymru called for an extension of tax powers to allow Wales to set its own tax bands and thresholds, and reform of the Barnett funding formula

13 Jun 2024

Tax

Politics

Tax | Labour plans private equity tax and rise in overseas stamp duty

The end of capital gains tax loophole for private equity investors, a rise in overseas buyer stamp duty and more funding for HMRC all feature in the Labour manifesto 

13 Jun 2024

Tax

Politics