Tax

Latest news

Image for us embassy expat backlog causes tax headache

Tax | US embassy expat backlog causes tax headache

Worldwide tax liability for US expats means that many consider renouncing citizenship to extricate themselves from high tax bills, but it is not straightforward, explains Glenn Snow, tax director, USTAXFS

4 Apr 2023

Tax | Q&A: PPR, tax and property in trust

In this week’s Q&A, Kiya Jacobs, tax advice consultant at Croner-i, explains the tax implications of principal private residence relief when considering the sale of a property in trust

4 Apr 2023

Tax

Property Tax

Image for filing deadlines april july 2023

Tax | Filing deadlines: April - July 2023

Our handy guide to tax filing deadlines from last date to register to payroll benefits in kind for 2023–24 to amending corporation tax returns for accounting periods ended 30 April 2021

3 Apr 2023

Tax

Tax Compliance

Tax Planning

Tax | Tax changes from 1 April 2023

The rate of corporation tax has increased by a third from 19% to 25% for the largest businesses from 1 April and full expensing is available for three years

3 Apr 2023

Tax | Last minute year end tax planning tips

With days to go before the tax year ends on 5 April, Blick Rothenberg issues a list of tax planning actions taxpayers may wish to consider before the deadline

31 Mar 2023

Tax

Personal Tax

Tax Planning

Image for national minimum wage increases almost ps1 hour

Tax | National minimum wage increases by almost £1 an hour

The national minimum wage rate is increasing to £10.42 from £9.50 reflecting a 9.7% annual rise while younger workers and apprentices will see an above inflation rise

31 Mar 2023

Tax

Employment Tax

Tax Compliance

Image for dutch banana exporter given fair tax mark

Tax | Dutch banana exporter given Fair Tax Mark

AgroFair has been awarded the Fair Tax Mark, becoming the first multinational headquartered in the Netherlands to secure accreditation to the gold standard of responsible tax conduct

31 Mar 2023

Tax

International Tax

Image for businesses find vat rules too complex

Tax | Businesses find VAT rules too complex

Two thirds of companies complain that VAT compliance is complex and confusing as we mark the 50th anniversary of the introduction of the tax

30 Mar 2023

Tax | Pros and cons of co-sourcing tax work

As tax work becomes more commoditised and data goes to the cloud, companies should consider co-sourcing accounting services to reduce costs, argues Russell Gammon, chief solutions officer at Tax Systems

30 Mar 2023

Tax

Business Tax

Tax Compliance

Image for tv presenter eamonn holmes loses ir35 tax case

Tax | TV presenter Eamonn Holmes loses IR35 tax case

In the latest IR35 case, presenter Eamonn Holmes has lost an appeal at the Upper Tribunal against HMRC leaving him liable to pay an unspecified amount in tax

30 Mar 2023

Tax | HSBC raided in France in €140bn tax probe

HSBC was among five banks raided by French authorities following an investigation into allegations of dividend tax fraud amounting to €140bn (£123bn)

30 Mar 2023

Tax | Credit Suisse hid $700m in tax evasion by US clients

An influential US Senate committee has accused Credit Suisse of helping a client with over $100m (£82m) invested in offshore accounts to avoid paying US tax

29 Mar 2023

Tax

Personal Tax

Image for shona robison be scottish finance secretary

Tax | Shona Robison to be Scottish finance secretary

Humza Yousaf, Scottish first minister, has appointed Shona Robison as deputy first minister and finance secretary, responsible for devolved taxes

29 Mar 2023

Tax

Politics

Image for chancellor tells mps hmrc has necessary funding tackle fraud

Tax | Chancellor tells MPs HMRC has 'necessary' funding to tackle fraud

In a hearing before the Treasury Committee, the Chancellor Jeremy Hunt told MPs that HMRC has the amount of funding 'necessary' in tackling tax fraud

29 Mar 2023

Tax | HMRC releases initial guidance on lifetime allowance

HMRC has issued preliminary guidance on how the abolition of the lifetime allowance for pensions will be phased in as legislation will not be passed until 2024

29 Mar 2023