Tax | What you need to know: VAT and private school fees

Angela Bedi, senior technical writer at Croner-i explains the practical implications to consider as schools and parents prepare for the new school year

13 Jun 2024

Tax

VAT

Politics

Tax | Homeowner loses ‘unfair’ £70.5k stamp duty dispute

The owner of a Hornchurch property has lost an appeal over a demand for £70,500 in higher rate stamp duty, claiming HMRC did not consider the 'human element'

13 Jun 2024

Tax

Property Tax

Case Reports

Tax | Green Party plans wealth tax on assets over £10m

The Green Party calls for a wealth tax on millionaires kicking in at 1% on assets above £10m and extension of national insurance on all earnings for higher rate taxpayers

12 Jun 2024

Tax

Politics

Tax | Homes under the CGT hammer

Most people selling their homes rely on Private Residence Relief (PRR) to avoid capital gains tax (CGT) but with increases to this on the horizon some may end up with higher tax bills when they move, says Chris Etherington

12 Jun 2024

Tax

Personal Tax

Property Tax

HMRC

Tax Compliance

Tax Planning

Politics

Tax | Octogenarian’s ill health satisfies judges in £175k tax appeal

An 85-year-old businessman has won his appeal against a £120,000 discovery assessment over an incorrect tax return and a £55,000 penalty for deliberate inaccuracy

12 Jun 2024

Tax

Employment Tax

Personal Tax

HMRC

Tax Compliance

Case Reports

Tax | Conservatives plan NICs abolition for self employed

After a difficult week, PM Rishi Sunak has set out a raft of tax measures at the Conservative manifesto launch with plans to abolish main NICs rate for four million self employed workers

11 Jun 2024

Tax

Politics

Tax | 92-year-old Corrie star settles £546k tax bill

After being given 12 weeks to pay his tax debt, Coronation Street actor William Roache has settled the tax debt by the deadline

11 Jun 2024

Tax

Personal Tax

HMRC

Tax Compliance

Law and Regulation

Tax | KFC franchiser loses side dip ‘conundrum’ VAT case

A KFC franchiser argued that the dipping pots supplied with certain meals should be separately rated for VAT if sold in a meal

11 Jun 2024

Tax

Business Tax

VAT

HMRC

Tax Compliance

Case Reports

Tax | Lib Dems plan overhaul of capital gains tax

The Liberal Democrats are planning to double the rate of capital gains tax for high earners, a funding boost for HMRC, hikes in council tax rates for second home owners and abolition of loan charge

10 Jun 2024

Tax

Politics

Tax | Can HMRC stop £5bn in tax avoidance for political masters?

As the main parties promise not to raise the big three taxes, HMRC will need to smarten up how they work, use AI and reduce taxpayer errors unless massive funding for new tax investigators is agreed

10 Jun 2024

Tax

Politics

Tax | Four in 10 would pay more tax to fund climate action

The UK population are the second most likely in Europe to support paying more taxes if it were to go towards fighting climate change

10 Jun 2024

Tax

Personal Tax

HMRC

Tax | Adrian Chiles loses £1.7m IR35 case on third attempt

In a long-running battle over tax, the Upper Tribunal has thrown out TV presenter Adrian Chiles’ IR35 case, sending it back to First Tier Tribunal

10 Jun 2024

Tax

Case Reports

Tax | HMRC tips from foreign tax authorities up 48%

The amount of data provided by foreign tax authorities to HMRC about UK taxpayers living abroad has rocketed by 48% in five years

10 Jun 2024

Tax

Personal Tax

HMRC

Tax Compliance

Tax | Mountain View named as tax avoidance promoter

The latest umbrella companies to fall foul of tax remuneration rules are Mountain View Admin, Cube Umbrella and 365 Umbrella

7 Jun 2024

Tax

Employment Tax

HMRC

Tax | Sunak to increase child benefit threshold to £120k

At the Spring Budget, the Chancellor increased the threshold to £60,000, with a taper to £80,000, now the Conservatives want to raise this to £120,000

7 Jun 2024

Tax

Politics