Tax

Business Tax

Tax Planning

Image for institutes launch survey hmrc service

Tax | Institutes launch survey on HMRC service

The leading tax and accountancy institutes are running a survey to gauge views on current service levels and compliance with the HMRC Charter

14 Feb 2024

Tax | HMRC loses £37k VAT case on converted Land Rovers

HMRC chased a company owner for additional output tax for two Land Rover Discovery cars which were bought for commercial use

14 Feb 2024

Tax | Warning after 30% hike in tax refund scams

Taxpayers need to be on alert as scammers are ramping up their devious attempts to lure people into signing up to bogus tax refund services

14 Feb 2024

Image for why capital gains suffer less tax income

Tax | Why capital gains suffer less tax than income

The PM’s tax summary has brought into sharp focus the difference in how capital gains are taxed compared to income. Chris Etherington, partner at RSM, looks at why no political party seems to want to change it

14 Feb 2024

Politics

Image for pwc rolls out ai tax tool staff

Tax | PwC rolls out AI tax tool to staff

Big Four firm PwC has given all UK tax staff an AI assistant to handle enquiries on legislation, cases and tax compliance

13 Feb 2024

Tax Compliance

Technology

Image for couple used tax avoidance scheme buy ps1m house

Tax | Couple used tax avoidance scheme to buy £1m house

The purchasers of a £1m property in Surrey who used an unlimited company to avoid stamp duty land tax (SDLT) have lost an appeal against HMRC

13 Feb 2024

Tax | £30 return on every £1 spent on HNWI tax investigations

HMRC is returning to pre-pandemic levels of tax recovery as a result of investigations into high net worth individuals and big business

13 Feb 2024

Tax | Q&A: tax on gains from life insurance policy

In this week’s Q&A, Croner-i tax adviser David Lawson, explains the tax implications when a personal life insurance policy matures, particularly if beneficiary has spent time abroad

13 Feb 2024

Tax Compliance

Image for rishi sunak paid ps508k tax 22 rate

Tax | Rishi Sunak paid £508k tax at 22% rate

The Prime Minister earned £2.2m in the 2022-23 tax year but paid a tax rate of just 22% due to the level of capital gains

12 Feb 2024

Tax | HMRC targets crypto traders over unpaid tax

HMRC’s campaign against cryptocurrencies is accelerating as more tax investigations into crypto investors are opened

12 Feb 2024

Tax | Axiom Ince unlikely to pay £6m tax bill

Administrators at Axiom Ince said that the law firm will not have the funds to pay a multimillion pound tax bill

9 Feb 2024

Image for 28 million more higher rate taxpayers

Tax | 2.8 million more higher rate taxpayers

Millions more people are paying income tax than in 2010 as 4.5m taxpayers are caught by rising taxes and frozen thresholds with majority hit by 40% rate

9 Feb 2024

Politics

Image for landfill tax investigations rake ps281m

Tax | Landfill tax investigations rake in £281m

Underpaid landfill tax investigations have recovered £1bn over five years due to the ease of making mistakes

9 Feb 2024

Tax Compliance

Image for protein bars are not cakes rules tribunal

Tax | Protein bars are not cakes, rules tribunal

Nutrition bar maker, DuelFuel appealed to the tax tribunal after HMRC said its protein bars could not classified as zero-rated as they not cakes

8 Feb 2024

VAT

Case Reports

Image for government failed control ps21bn covid fraud

Tax | Government failed to control £21bn covid fraud

The government needs to take urgent action to prevent a repeat of the high level of fraud perpetrated during covid should another emergency crisis hit the country

8 Feb 2024