Tax

Latest news

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Tax | Late appeal for EIS tax relief results in £1.6m tax bill

An £8m enterprise investment scheme (EIS) disposal relief claim failed after the appellant applied late and only paid £55,000 in income tax on the sale

22 May 2024

Tax | Total tax take up £9bn in April as NI receipts soar

As overall tax bills increase relentlessly, income tax take was up £6bn in a month and National Insurance soared £2bn despite the 4% cut

22 May 2024

Tax | HMRC to appeal £4k child benefit charge tax case

HMRC has announced plans to appeal the Fera ruling on High Income Child Benefit Charge to the Upper Tribunal

21 May 2024

Tax | ICAEW launches £5k prize for best VAT reform idea

ICAEW has invited research proposals into the simplification of the UK’s VAT system, one of the most complex in the world

21 May 2024

Tax

VAT

Image for pillar 2 top tax registration rules confirmed

Tax | Pillar 2 top-up tax registration rules confirmed

HMRC has issued statutory guidance on the registration and reporting requirements for the minimum global tax rate under Pillar 2 top-up taxes

21 May 2024

Tax | Q&A: maternity leave, pensions and salary sacrifice

Croner-i payroll tax adviser Vanessa Williams explains the treatment of pension contributions during maternity leave, including implications of salary sacrifice

21 May 2024

Tax

Employment Tax

Personal Tax

Image for hmrc clarifies guidance overpayment student loans

Tax | HMRC clarifies guidance on overpayment of student loans

After criticism of overpayment of student loans, the Student Loans Company has to advise HMRC of overpayments or completed repayments of student loans

21 May 2024

Tax | Oculus feared £1m HMRC fine over failure to file AGG6 form

The High Court has allowed Oculus, which paid contractors through UK umbrella companies, to go ahead with a limited judicial review over a dispute over form AGG6 and a scheme reference number (SRN)

20 May 2024

Tax

HMRC

Case Reports

Image for primark suppliers jailed relentless ps13m vat fraud

Tax | Primark suppliers jailed for ‘relentless’ £1.3m VAT fraud

Two directors of a Leicester clothing company have been jailed after a rag trade taskforce made a surprise visit to their factory

20 May 2024

HR | Portugal and Thailand lure digital nomads with low tax

Nearly three in four remote UK workers are considering relocating and operating from a different country as a digital nomad, partly to reduce tax liability

20 May 2024

Tax | Pub owner loses £700k three-year late penalty appeal

The owner of a pub appealed late because he thought the government and HMRC had shut down through the pandemic

20 May 2024

Tax

Case Reports

Image for seven football clubs hit winding petitions

Tax | Seven football clubs hit with winding up petitions

HMRC landed seven UK professional football clubs with winding up petitions for unpaid tax in 2023, the highest figure since the start of the pandemic

20 May 2024

Tax

Tax Compliance

Image for tax avoidance promoter wyoming link flagged

Tax | Tax avoidance promoter with Wyoming link flagged

A payroll contractor with an offshore majority US owner registered in Wyoming has been named on the HMRC list of tax avoidance firms paying contractors tax free

17 May 2024

Tax

HMRC

Tax | HMRC refuses to stand down on £470k giant marshmallows case

After losing a £470,000 VAT case at the Upper Tribunal over whether giant marshmallows are confectionery, HMRC is taking the fight to the Court of Appeal

17 May 2024