Tax | Paris hotel tax hike for Olympics

Visitors planning to head to Paris for this summer’s Olympics will see a threefold hike in the overnight tax charge for hotels

30 Apr 2024

Tax

Personal Tax

Tax | Ex Man City footballer Benjamin Mendy settles £710k tax bill

Following the threat of bankruptcy over an unpaid tax bill, former Manchester City footballer has settled the total amount with HMRC

30 Apr 2024

Tax

Personal Tax

Tax | Walkers to appeal VAT ruling on poppadoms

Crisp giant Walkers plans to appeal tribunal decision on VAT status of Sensations Poppadoms

30 Apr 2024

Tax

VAT

Case Reports

Tax | Q&A: tax implications when working abroad half of year

In this week’s Q&A, Julian Payne, tax adviser at Croner-i, explains what expenses can be claimed when a self employed person spends some of their year running a business overseas

30 Apr 2024

Tax

Personal Tax

Tax Compliance

Tax Planning

Tax | Are loanbacks back on the agenda for SMEs?

As lending for smaller businesses is harder to secure, Doug Ryan, wealth management director at Mattioli & Woods explains the pros and cons of accessing funding through a small self-administered pension scheme and the tax issues

30 Apr 2024

Tax

Tax Compliance

Tax Planning

Tax | HMRC online tool to check national insurance shortfalls

Anyone with gaps in their national insurance payments dating back to 2006 will be able to check online using a new HMRC tool to see if they need to make additional contributions

29 Apr 2024

Tax

Personal Tax

Tax Planning

Tax | Two more software providers sign up to MTD trial

HMRC has confirmed that Apari and Thomson Reuters have joined the Making Tax Digital for Income Tax trial bringing the total to seven software companies

29 Apr 2024

Tax

Making Tax Digital

HMRC

Tax | HMRC’s changes to salaried member rules for LLPs

Amendments to HMRC guidance for salaried LLP members when altering their capital contributions raise some red flags, warns Mike Hodges, tax partner at Saffery

29 Apr 2024

Tax

Employment Tax

Personal Tax

Tax Compliance

Tax Planning

Tax | Webinar on how to price and sell tax consultancy work

Join our webinar on 30 April to find out how to maximise earnings from tax work

25 Apr 2024

Tax

Tax Planning

Tax | Dentist transferred profits to Belize to avoid tax

A dentist from Caerphilly who used an offshore private trust in Belize to avoid income tax payments has lost an appeal at the Upper Tribunal

25 Apr 2024

Tax

Personal Tax

HMRC

Tax Compliance

Case Reports

Tax | Harra tells MPs HMRC stunned by ‘strength of feeling’ on helpline closures

The head of HMRC has told MPs that the ferocity of criticism over its decision to shut helplines with virtually no notice was unexpected and the ‘strategy was being rolled out too fast’

25 Apr 2024

Tax

HMRC

Tax Compliance

Tax | Top 1% of earners paid 29% of total tax

Income tax receipts topped £250bn in 2022/23, with over 60% paid by the top 10% of the population, while the wealthiest contributed nearly a third

25 Apr 2024

Tax

Personal Tax

HMRC

Tax | Inheritance tax and the importance of well drafted wills, not DIY

Taking a DIY approach to will writing is risky from a tax perspective, especially when considering the distinction between between land and other assets in a partnership, explain Julie Butler, director and Libby James, associate at Butler & Co Alresford

25 Apr 2024

Tax

Personal Tax

Inheritance Tax

Tax Planning

Tax | Don’t get hit by £10 a day self assessment penalty

From 1 May, taxpayers who have not yet filed overdue self assessment tax returns for 2022-23 will face an additional late filing penalty of £10 per day, up to a maximum of £900

25 Apr 2024

Tax

Personal Tax

Tax Compliance

Tax | Ex-footballer John Barnes banned over £190k tax debts

Former England and Liverpool footballer John Barnes has been disqualified as a director after failing to pay £190,000 in VAT and corporation tax

24 Apr 2024

Tax

Personal Tax

HMRC