Tax | Inheritance tax receipts up 17%

The inheritance tax take has hit £7.5bn a year, up 17% from the last 12-month period and 50% over five years, while corporation tax receipts were up significantly due to 25% rate

20 Oct 2023

Tax

Business Tax

Personal Tax

Inheritance Tax

HMRC

Tax | CPD module: tax on travel and subsistence claims

In this month's exclusive Accountancy Daily CPD learning module we focus on tax on travel and subsistence at temporary and permanent workplaces

19 Oct 2023

Tax

Employment Tax

Tax Compliance

Tax | HMRC plans to reduce phone line access by 30%

The head of HMRC Jim Harra has told MPs he aims to cut the volume of phone calls to HMRC advisers by nearly a third by the end of 2024 and will shut more helplines

19 Oct 2023

Tax

HMRC

Politics

Tax | King’s Speech scheduled for 7 November

The next session of parliament will open with the King’s Speech on 7 November, setting out future legislative plans, but it is unlikely to feature audit reform

19 Oct 2023

Tax

Politics

Tax | HMRC to trial four to six-day working flexibility

HMRC plans to offer staff the option to flex their working hours on a seasonal basis to reflect fluctuating demand for services starting with a small trial

18 Oct 2023

Tax

HMRC

Tax | No money for tax cuts, warns IFS

There is no room for tax cuts in the Autumn Statement next month despite a huge increase in personal tax bills and a lack of long-term tax policy for businesses, warned Institute for Fiscal Studies

17 Oct 2023

Tax

Budget

Tax | HMRC loses £540k property tax dispute

A couple who bought a plot of land, demolished the existing property and built a new home, has won an appeal over a £541,821 disputed tax bill at the Upper Tribunal

17 Oct 2023

Tax

Property Tax

Case Reports

Tax | HMRC clarifies availability of overlap relief calculation

Overlap relief information for basis period accounting can only be provided if the business' profit and loss figures are recorded in HMRC systems

17 Oct 2023

Tax

Business Tax

Personal Tax

HMRC

Tax Compliance

Tax | Portugal ends tax breaks for expats

Non residents working in Portugal will no longer be able to benefit from 20% tax on earnings after the government’s decision to remove the preferential tax rate except for workers in scientific fields

16 Oct 2023

Tax

Personal Tax

Tax Planning

Tax | Collapsed building firm boss owed HMRC £145k in tax

A director of a building firm has failed to pay a tax bill of £145,000 after the business went bust seven years after he received a director disqualification for failing to pay HMRC

16 Oct 2023

Tax

Business Tax

HMRC

Tax | Confiscation orders used to recover £179m

HMRC, the Serious Fraud Office and police seized £179m last year from suspected criminals using wide-ranging confiscation orders

16 Oct 2023

Tax

HMRC

Tax | Focus Contractor slapped with HMRC stop notice

Umbrella company Focus Contractor has been given a stop notice after running a tax avoidance scheme allowing workers to avoid paying tax, the second time the same director has been named

13 Oct 2023

Tax

Employment Tax

HMRC

Tax | OECD convention on Pillar One digital tax released

The OECD has finalised the text of a new multilateral convention updating the international tax framework on taxing profits from multinational digital sales under Pillar One tax rules

13 Oct 2023

Tax

International Tax

Tax | Luton Airport car park constructor faced tax demand

The construction firm behind the car park at Luton Airport, Buckingham Group Contracting, went bust in September owing HMRC a significant amount of tax

13 Oct 2023

Tax

Business Tax

Employment Tax

Tax | Microsoft disputes US tax bill for $28.9bn

The US Internal Revenue Service has sent IT giant Microsoft a bill for $28.9bn in back taxes related to the use of transfer pricing to lower tax over a nine-year period

12 Oct 2023

Tax

Business Tax