Tax | HMRC faces ‘declining spiral of service pressures’

The quality of HMRC service has hit ‘an all-time low’ with wait times on phone lines five times longer than just four years ago and online services unable to fill the gap

15 May 2024

Tax

HMRC

Tax Compliance

Tax | Tax warning for footballers and agents on contracts

Following a number of tax disputes, HMRC has clarified the tax treatment of football agents’ fees and dual representation contracts, flagging the risk of compliance checks if tax rules are flouted 

15 May 2024

Tax

Business Tax

Personal Tax

VAT

HMRC

Tax Compliance

Tax | Need to know about VAT reclaims – attend our Accountex seminar

Don’t miss the Croner-i session on input tax and VAT reclaims on 16 May at Accountex 

15 May 2024

Tax

VAT

Tax | ‘Parasitical’ HMRC investigation dismissed at tribunal

A £40m dividend payment to companies incorporated in Bermuda and a settlement in Guernsey led HMRC to investigate three company directors

14 May 2024

Tax

Personal Tax

HMRC

Case Reports

Tax | Bank details being changed on HMRC portal in VAT scam

Accountants at Price Bailey are warning companies to be extra vigilant as there has been a surge in fraudulent activity affecting VAT repayments from HMRC

14 May 2024

Tax

VAT

HMRC

Tax Compliance

Tax | Treasury gives HMRC £51m to improve helplines

Following months of deteriorating service on helplines, the Treasury has increased funding by £51m to bring HMRC’s phoneline service back up to 85% of calls answered

14 May 2024

Tax

HMRC

Tax | HMRC loses £780k director loan tax case

The former director of a luxury hotel and spa faced a £200,000 tax bill and £90,000 penalty for a single tax year over a director’s loan account

13 May 2024

Tax

Case Reports

Tax | Nadhim Zahawi admits settling £5m tax bill

‘Non-deliberate’ and ‘careless mistake’ led to Zahawi having to pay a £5m settlement bill to HMRC, including a £1m fine

13 May 2024

Tax

Personal Tax

HMRC

Tax Compliance

Law and Regulation

Tax | HMRC targets savvy online sellers: what you need to do

As online platforms prepare for new disclosure rules on transactions, Danielle Ford, partner at haysmacintyre, warns that HMRC has already started compliance checks on the highest reported earners 

13 May 2024

Tax

Personal Tax

HMRC

Tax Compliance

Tax Planning

Tax | Don't miss Accountex seminar on property tax pitfalls

Register for the Croner-i session on property tax and typical problem areas on 15 May at Accountex

10 May 2024

Tax

Property Tax

Tax | Short-lived Chancellor Nadhim Zahawi to resign as MP

Nadhim Zahawi will step down as an MP at the next election after 14 years in parliament and a very brief stint as Chancellor

10 May 2024

Tax

Politics

Tax | Fuel duty rakes in almost £25bn in a year

Drivers paid the largest share of so-called ‘environmental taxes’ with £25bn shelled out on petrol and diesel in the last tax year

9 May 2024

Tax

HMRC

Tax | Kwik-Fit loses £5.3m intra-group loan tax dispute

In a long-running case over tax payable on intra-group debt, the Court of Appeal has ruled that Kwik-Fit is liable for a tax bill estimated to be £5.3m

9 May 2024

Tax

Case Reports

Tax | Furnished holiday lets: tips on how to deal with tax changes

With the proposed abolition of tax breaks for furnished holiday lets (FHL) we look at the practical implications for owners that decide to continue their business as well as those who want to sell up

9 May 2024

Tax

Property Tax

Tax | Lack of detail on invoices did not prevent £15k VAT refund

A London construction company has won an appeal after the First Tier Tribunal ruled that limited information on invoices was not a reason for HMRC to reject VAT claim

9 May 2024

Tax

VAT

Case Reports