Tax

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Tax | Residential properties and tax liability

From principal private residence relief to inheritance tax and capital gains tax, home owners need to keep up to speed with tax liability, explains Chris Thorpe LLB ATT CTA (Fellow) TEP

24 May 2023

Tax | CPS calls for mileage tax on electric cars

Electric vehicle drivers should be charged on a pay as you go basis for every mile driven to ensure they contribute to the tax coffers

24 May 2023

Tax

Personal Tax

Image for doctor loses ps43k tax dispute over expenses

Tax | Doctor loses £43k tax dispute over expenses

A doctor has been told to pay tax on the majority of an expenses claim after a First Tier Tribunal (FTT) appeal

23 May 2023

Tax | Q&A: R&D claim notification changes

In this week’s Q&A, we explain the new requirements for research and development (R&D) claims as new rules kick in for claimants with extra information disclosure

23 May 2023

Tax | Tax take hits £70.8bn in April

HMRC raked in £70.8bn in total tax collected in April 2023 from £63.4bn the previous month, with inheritance tax (IHT) continuing to rise as a result of frozen allowances and inflation

23 May 2023

Tax | Taxi driver tax registration extended to NI and Scotland

Advance tax registration for taxi drivers and scrap metal dealers will be mandatory in Scotland and Northern Ireland from October before a licence to operate is issued

23 May 2023

Tax | Will ChatGPT transform how we process tax?

Generative artificial intelligence such as ChatGPT will have significant implications for accountants but AI tools need training to be a true expert in tax and accounting, argues Russell Gammon, chief solutions officer, Tax Systems

23 May 2023

Tax

Tax Compliance

Technology

Image for accountant loses ps78k tax appeal

Tax | Accountant loses £78k tax appeal

An accountant has lost an Upper Tribunal case against a notice of requirement (NOR) to pay security for PAYE and national insurance contributions (NICs) totalling £78,000

22 May 2023

Tax | Plans to simplify construction industry scheme

HMRC is consulting on plans to simplify the administrative burden of the construction industry scheme by simplifying some reporting requirements

22 May 2023

Tax

Business Tax

Consultations

Image for waste company loses ps16m tax case

Tax | Waste company loses £1.6m tax case

A waste company has lost a First Tier Tribunal (FTT) appeal after missing an appeal deadline over disputed landfill tax amounting to £1.6m

19 May 2023

Tax | Late interest penalties hit 1.4m taxpayers

More than 1.4 million taxpayers had to pay interest for late payments in the 2020-21 tax year after missing filing deadlines

19 May 2023

Tax | Landlord registration plan will drive HMRC investigations

The launch of a landlord database outlined in the Renters Reform Bill will give HMRC unparalleled access to information to launch tax investigations

19 May 2023

Tax

Property Tax

Tax Compliance

Image for 900k child trust funds unclaimed mps told

Tax | 900k child trust funds unclaimed, MPs told

MPs called on HMRC to do more to unite young people with their child trust funds (CTFs) as nearly £400m has not been claimed

18 May 2023

Tax | Claim tax reliefs on work-related expenses

Anyone planning to claim tax relief on work-related expenses should submit claims directly with the tax authority and avoid using repayment agents, HMRC warns

18 May 2023

Tax

Personal Tax

Tax Compliance