Tax

Latest news

Image for vat changes community pharmacies

Tax | VAT changes for community pharmacies

Potential tax issues may arise for pharmacies following plans to provide new funding to expand their community services, warns Ellen Main-Jeffrey, head of VAT services at Burgis & Bullock

30 Aug 2023

Tax

VAT

Tax Compliance

Image for ulez fees tax deductible sole traders

Tax | ULEZ fees tax deductible for sole traders

Sole traders and self employed will be able to claim tax relief on ULEZ charges when they submit annual tax returns for business related journeys

29 Aug 2023

Tax | Q&A: second property tax and spousal transfers

In this week’s Q&A, Croner-i tax consultant David Woolley, explains the tax implications of principal private residence relief when transferring property between married partners

29 Aug 2023

Tax | HMRC advisory fuel rates for company car users from 1 September 2023

HMRC has published the latest advisory fuel rates (AFR) for company car users, effective from 1 September 2023, increasing the rate for electric cars

29 Aug 2023

Tax | HMRC targets car dealers over £444m in unpaid tax

The automotive sector is facing HMRC scrutiny as dealerships across the UK are being investigated for suspected tax evasion

25 Aug 2023

Tax | Inheritance tax penalties soar to £2.3m

Bereaved families are paying higher inheritance tax penalties, with HMRC pulling in £2.28m in fines in the last tax year

25 Aug 2023

Tax

Personal Tax

Tax Compliance

Image for creative industry benefits ps166bn tax reliefs

Tax | Creative industry benefits from £1.66bn tax reliefs

A record amount of tax reliefs was paid out to companies in the creative sector as the figure shot up by £600m to £1.66bn as government considers overhaul of system

24 Aug 2023

Tax | Union rejects HMRC 6% pay offer

The main union representing HMRC workers has turned down a proposed pay offer from HMRC which would give staff rises of up to 6.27% depending on grade

24 Aug 2023

Tax

HMRC

Careers

Image for southend united given extension pay ps275k tax bill

Tax | Southend United given extension to pay £275k tax bill

The owners of Southend United Football Club have been given six weeks to settle an outstanding tax bill for £275,000

24 Aug 2023

Tax

Business Tax

HMRC

Image for online process claiming overlap relief delayed

Tax | Online process for claiming overlap relief delayed

HMRC has delayed the launch of an online service to help sole traders, self employed and accountants calculate overlap relief due to basis accounting rule change

24 Aug 2023

Tax

Business Tax

HMRC

Image for parents must re register child benefit 16 year olds

Tax | Parents must re-register for child benefit for 16 year olds

Teenagers over 16 years old in education or training will stop receiving child benefit payments unless their parents re-register by 31 August

23 Aug 2023

Tax

Personal Tax

HMRC

Image for property trust loses ps290k tax case

Tax | Property trust loses £290k tax case

A property trust has lost a case at the Upper Tribunal over the use of a stamp duty land tax avoidance scheme which resulted in a £294,000 tax saving

23 Aug 2023

Tax | HMRC clarifies rules on basis period tax reporting

HMRC has issued guidance on changes to reporting income affecting self employed, sole traders and partnerships under the basis period tax year

23 Aug 2023

Tax | Umbrella Dalespay runs tax free pay scheme

A Yorkshire based umbrella recruitment company has been paying agency workers tax-free through a Cypriot subsidiary

23 Aug 2023

Tax

Employment Tax

Called to Account

Image for ps40bn property owned offshore tax haven firms

Tax | £40bn of property owned by offshore tax haven firms

UK property with a market value of £39.8bn is held by overseas companies not subject to domestic tax laws, according to research from Stripe Property Group

22 Aug 2023

Tax | Inheritance tax take hits £2.6bn

HMRC raked in £2.6bn in inheritance tax (IHT) receipts between April to July 2023, with receipts in June this year the highest monthly total on record

22 Aug 2023