Tax | Conservatives and Labour in spat over VAT hikes

In the latest clashes over tax policy, Jeremy Hunt and Rachel Reeves have ruled out any increases to VAT rates after the election

30 May 2024

Tax

Politics

Tax | Liquor trader linked with £34.2m VAT scam

A personal liability notice (PLN) for £75,000 was issued to the director of a company selling alcohol to cash and carry outlets for deliberately avoiding VAT

30 May 2024

Tax

Business Tax

Personal Tax

VAT

HMRC

Tax Compliance

Case Reports

Law and Regulation

Tax | HMRC advisory fuel rates for company car users from 1 June 2024

HMRC has cut advisory fuel rates for users of company electric vehicles, while petrol and diesel rates increase

30 May 2024

Tax

Business Tax

Employment Tax

Tax Compliance

Tax | Eclipse film scheme investors lose latest High Court battle

In the latest saga in the Eclipse tax avoidance scheme, over a hundred investors have lost a claim against HSBC at the High Court

29 May 2024

Tax

Personal Tax

Case Reports

Tax | End of MDR: the ‘granny annexe’ tax

When multiple dwellings relief (MDR) is abolished from 1 June 2024, it will primarily impact those buying properties with a ‘granny annexe’ and landlords of multiple properties, warns Chris Etherington, partner at RSM

29 May 2024

Tax

Property Tax

Tax Compliance

Tax | Second taxpayer secures anonymity at tax tribunal

A former City finance worker has persuaded the tax tribunal to protect their identity in a dispute with HMRC over tax on a settlement agreement

29 May 2024

Tax

Case Reports

Tax | Nottingham Forest £350k VAT appeal kicked out

In a win for HMRC, Nottingham Forest Football Club has lost an appeal against assessments for a historic VAT under-declaration

28 May 2024

Tax

Business Tax

VAT

HMRC

Tax Compliance

Case Reports

Tax | Q&A: SDLT on acquisition of a dwelling by a property trader

In this week’s Q&A, our Croner-i tax adviser Ibrahim Nalla unpicks the tax implications when claiming relief on a business property purchase

28 May 2024

Tax

Property Tax

Tax Compliance

Tax | Conservatives set out £2.4bn tax cut for pensioners

If the Conservatives win the election, thousands of pensioners will see their taxes cut as the PM Rishi Sunak promises to increase their tax free allowance

28 May 2024

Tax

Personal Tax

HMRC

Tax | Finance (No.2) Act 2024 passed

In the last days of parliament, a final round of debates saw Finance (No.2) Act 2024 approved and given Royal Asset

28 May 2024

Tax

Law and Regulation

Tax | Tax refund scammers target iPhone users

Owners of iPhones are being warned to watch out for scam texts about scurrilous tax refunds that cannot be blocked by the user

23 May 2024

Tax

HMRC

Tax | Taxpayer loses £6k high income child benefit case

HMRC has won an appeal at tribunal related to a £6,000 high income child benefit charge (HICBC) and penalty incurred due to his company car

23 May 2024

Tax

Personal Tax

HMRC

Tax Compliance

Case Reports

Tax | Apostle Accounting collapsed owing HMRC £202k

The offices of tax rebate firm Apostle Accounting have been raided by police as part of a fraud investigation

23 May 2024

Tax

HMRC

Tax | Rishi Sunak calls election on 4 July

The prime minister Rishi Sunak has called a general election on 4 July, saying that only the Conservatives will be able to keep the country secure and ensure economic stability

22 May 2024

Tax

Politics

Tax | HMRC wins £76k VAT appeal over professional fees

The Court of Appeal has overturned an appeal by Hotel La Tour related to a dispute over VAT charges on professional fees related to a property purchase

22 May 2024

Tax

VAT

Case Reports