Tax

Latest news

Image for hmrc loses ps36m company car tax appeal

Tax | HMRC loses £3.6m company car tax appeal

The Upper Tribunal has allowed a joint appeal by two major construction companies for national insurance contributions (NICs) relief totalling £3.6m for the treatment of company car allowances

12 Jul 2023

Tax | HMRC plan to deal with post ‘too little, too late’

Accountants have criticised HMRC plans to move call handlers off the SA helpline to deal with a huge backlog of inbound letters that are more than a year old

12 Jul 2023

Tax

HMRC

Tax Compliance

Image for online service check overlap relief basis period transition

Tax | Online service to check overlap relief for basis period transition

HMRC is set to launch an online service to make it easier to find out tailored information about claims for overlap relief due to the introduction of basis taxation rules

12 Jul 2023

Tax | Global digital services tax plan delayed

Plans to introduce a digital services tax for global multinationals have been delayed by a year, the OECD has confirmed, as some countries had problems with aspects of the tax rules

12 Jul 2023

Tax | CPD module: capital gains tax rules

This month's exclusive Accountancy Daily CPD module provides a refresher course on capital gains tax (CGT) compliance rules

12 Jul 2023

Tax | DeFI lending and staking: what does it mean for accountants?

Daniel Howitt, co-founder of Recap, explains what planned tax legislation for crypto could mean for accountants and their clients

11 Jul 2023

Tax

Personal Tax

Consultations

Image for qa ppr tax relief furnished holiday lets

Tax | Q&A: PPR tax relief on furnished holiday lets

In this week’s Q&A, Croner-i tax adviser Ibrahim Nalla explains the interaction between private residence relief and rollover relief on furnished holiday lets

11 Jul 2023

Tax

Property Tax

Tax Planning

Image for stolen laptop did not cancel ps10k vat penalty

Tax | Stolen laptop did not cancel £10k VAT penalty

Two directors of a management consultancy have lost an appeal at the First Tier Tribunal (FTT) over VAT penalties totalling £21,400 after its records were stolen abroad

10 Jul 2023

Tax | Call waiting times to be included on HMRC helplines

Following a trial, messages on the estimated time it will take to speak to an adviser were extended to more HMRC helplines from 4 July

10 Jul 2023

Tax

HMRC

Tax Compliance

Image for digital nomads what are tax challenges

Tax | Digital nomads: what are the tax challenges?

Crossborder tax is a complex issue for employers as more staff work overseas to take advantage of flexible and hybrid working patterns, warns Dominik Skalet, international tax manager, Remote

10 Jul 2023

Tax | Two thirds of Scottish income tax paid by 16% of taxpayers

Scotland raised £13.7bn in income tax in 2021-22, up 15% as revenue from PAYE employees rose and more people paid top rate of tax

7 Jul 2023

Tax

Personal Tax

Image for amazon trader wins ps23k vat case

Tax | Amazon trader wins £23k VAT case

An Amazon trader has won an appeal over disputed £23,000 VAT assessments as HMRC should have applied the flat rate scheme

7 Jul 2023

Tax | HMRC will use AI to target tax evaders

HMRC plans to increase the use of artificial intelligence and machine learning to target tax evaders and non compliant taxpayers

7 Jul 2023

Tax

HMRC

Technology

Image for maltese employment agencies named tax avoidance promoters

Tax | Maltese employment agencies named as tax avoidance promoters

Two Malta based employment agencies with the same director, Vision HR Solutions and Veqta, have been called out by HMRC for paying staff tax-free with convoluted contracts of employment

7 Jul 2023

Tax | Non-doms pay £12.4bn in tax as numbers grow

The number of non-doms has gone up by 10% and they paid a record £12.4bn in tax for the 2021-22 tax year

6 Jul 2023

Tax

Personal Tax

HMRC

Image for gold trader has pay vat bullion sales

Tax | Gold trader has to pay VAT on bullion sales

The gold trader has lost an appeal at the High Court over whether supplies of gold bullion should be treated as exempt, rather than zero-rated, from VAT

6 Jul 2023