Tax | Courier director struck off over £383k VAT bill

The boss of a Surrey-based courier company has been banned from acting as a director for failure to file accounts and VAT debts of £383,830

8 Jan 2024

Tax

VAT

HMRC

Called to Account

Tax | HMRC recovers £11.4bn from VAT investigations

The number of VAT investigations was up 23% last year as HMRC launched 104,900 probes into unpaid VAT, particularly targeted at mid-sized businesses

8 Jan 2024

Tax

VAT

HMRC

Tax | Chelsea apartment owners face £4.5m VAT bill

Reelreed, the owner of over 200 short-term let apartments in Chelsea, was ‘careless in submitting VAT returns’ and owes £4.5m as they were run like a hotel

8 Jan 2024

Tax

VAT

Tax Compliance

Tax | Tax tips when donating culturally significant assets

Vanina Wittenburg, senior associate at Hunters Law LLP, considers the options for donating important objects to the nation from gardens to textiles and jewellery, either during a taxpayer’s lifetime or on death, with an eye on effective tax planning

8 Jan 2024

Tax

Personal Tax

Inheritance Tax

Tax Compliance

Tax Planning

Tax | The dangers of relying on AI to meet tax obligations

Relying on artificial intelligence to do something that it hasn’t been designed for can have significant consequences, warns Rob Chedzoy, tax partner at Milsted Langdon

5 Jan 2024

Tax

Personal Tax

Technology

Tax | Side hustle tax searches explode over 72hrs

The amount of people searching for information about ‘side hustle tax’ has increased by 1,415% due to concerns over HMRC online platform reporting rules

4 Jan 2024

Tax

Personal Tax

HMRC

Tax Compliance

Tax | Plan to shed light on land ownership trusts

In a departure from policy, the government is consulting on ways to improve the transparency of land ownership to identify the details of people who are behind the trusts 

4 Jan 2024

Tax

Consultations

Tax | Average earner will be £450 better off from Saturday

The Chancellor’s cut to national insurance comes in from Saturday 6 January, reducing tax bills in January pay packets

4 Jan 2024

Tax

Personal Tax

HMRC

Tax | Freemasons lose £2.8m VAT case

The oldest Grand Lodge of Freemasons in the world has lost an appeal for VAT refunds of £2.83m for charges on membership fees as primary aim was not philanthropic

3 Jan 2024

Tax

VAT

HMRC

Case Reports

Tax | Ireland introduces 15% corporate tax rate

The largest multinationals in Ireland will have to start paying corporate tax at 15%, marking a 2.5% increase on the current rate

3 Jan 2024

Tax

Business Tax

International Tax

Tax Compliance

Tax | Child benefit claims go online in digital first

Child benefit claims can be made online for the first time since they were introduced in the 1970s, marking an end to paper applications

3 Jan 2024

Tax

Personal Tax

HMRC

Tax Compliance

Tax | Creative tax relief increased by up to £42k

TV, film and video game production companies are set to benefit from an expansion of tax reliefs for the creative sector

3 Jan 2024

Tax

Business Tax

Tax Planning

Tax | Tougher side hustle tax rules come into force

Anyone selling goods through online platforms needs to make sure they keep within the £1,000 tax free limit as HMRC clamps down on tax abuse

2 Jan 2024

Tax

Personal Tax

HMRC

Tax Compliance

Tax | Filing deadlines: January - April 2024

Our handy guide to tax filing deadlines for changes to employee NICs and non-resident landlord reporting

2 Jan 2024

Tax

Tax Compliance

Tax Planning

Tax | 4,757 tax returns filed on Christmas Day

The number of individuals filing tax returns on Christmas Day has shot up to 4,757 with a 10% hike in taxpayers using the holiday period to complete tax admin

2 Jan 2024

Tax

Personal Tax

Tax Compliance