Tax

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Image for registration rules high risk trusts face overhaul

Tax | Registration rules for high risk trusts face overhaul

The government is planning to change the reporting requirements for trusts filing on the Trust Registration Service and introduce a de minimis tax threshold

15 Mar 2024

Tax

Personal Tax

Consultations

Image for nic abolition will be work many parliaments

Tax | NIC abolition will be ‘work of many parliaments’

Plans to abolish national insurance came under scrutiny when Chancellor Jeremy Hunt faced MPs on the Treasury Committee yesterday about the ‘double taxation on work’

14 Mar 2024

Tax | HMRC to launch MTD for income tax pilot on 22 April

HMRC will launch the first pilot for agents and accountants to trial out the Making Tax Digital for Income Tax Self Assessment reporting environment next month

14 Mar 2024

Tax | Government will not reveal number of people dragged into NICs

Conservative MPs have voted down a Liberal Democrat amendment to the National Insurance Contributions Bill requiring disclosure of how many people will have to pay NICs for the first time due to fiscal drag

14 Mar 2024

Tax

Personal Tax

Budget

Image for morrisons faces ps1m vat bill nakd bars

Tax | Morrisons faces £1m VAT bill for Nakd bars

Supermarket giant Morrisons has been defeated by HMRC at the tax tribunal on the third visit over the VAT treatment of Nakd snack bars

13 Mar 2024

Tax | Q&A: tax on pension contributions for family business

In this week’s Q&A, Croner-i’s tax team explains the tax implications when paying pension contributions for a family member working for a limited trading business

12 Mar 2024

Tax

Employment Tax

Personal Tax

Image for corrie star given 12 weeks pay tax debt

Tax | Corrie star given 12 weeks to pay tax debt

Coronation Street actor William Roache has been given three months to settle a tax debt which has blown up to £588,015.18

12 Mar 2024

Tax | Former Everton footballer hit by £150k tax bill

Senegalese professional footballer Oumar Niasse has lost his appeal at the First Tier Tribunal for unpaid income tax and penalty payments

12 Mar 2024

Tax | Top tips: £60k cap on high income child benefit charge

Dominic Bourquin, partner at Monahans, explains the tax changes to high income child benefit charge (HICBC), affecting up to half a million parents

12 Mar 2024

Tax | Regulation of rogue tax advisers ‘not a silver bullet’

Government plans to regulate 'incompetent' tax advisers need to be ‘proportionate and affordable’, without unintended consequences, say accountancy bodies

11 Mar 2024

Tax | Prime minister wants to abolish national insurance

Rishi Sunak has hinted at the possible abolition of national insurance contributions (NICs) for employees after another 2% cut at the Budget

11 Mar 2024

Tax

Personal Tax

HMRC

Image for abolition non dom rules non dom non grata

Tax | Abolition of non-dom rules… non-dom, non grata?

James Ward, head of private client at Kingsley Napley LLP examines the implications of plans to abolish current non-dom rules with the introduction of a residency based system

11 Mar 2024

Tax | Budget 2024 at a glance

Check out all the key tax announcements from Budget 2024 from cut in NICs to end of furnished holiday let and mutliple dwellings relief tax breaks, child benefit cap increase to £60k and rise in VAT threshold

8 Mar 2024

Tax

Budget