Tax

Latest news

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Tax | Q&A: allocating profits at mixed partnership

In this week’s Q&A, Croner-i tax adviser Ibrahim Nalla, explains the tax liability when allocating profits to multiple members of a limited liability partnership

7 Mar 2023

Tax | Construction boss jailed for £2m tax fraud

The head of a string of construction companies has been jailed for a fraud involving over £2m of VAT and tax evasion

7 Mar 2023

Tax | EIS tax relief for start-ups faces withdrawal

A group of MPs is warning that the legislation for number of tax breaks for entrepreneurs needs to be renewed as sunset clauses approach

6 Mar 2023

Tax

Business Tax

Tax Planning

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Tax | Local authority leisure centres do not have to charge VAT

In a win for local councils, HMRC has conceded that local authorities can apply the non-business VAT treatment to leisure services provided to members of the public

6 Mar 2023

Tax | Buy-to-let tax burden damages landlords

Changes to the rules on tenancy and tax reliefs mean financial pressures are mounting for buy-to-let landlords, explains David Freedman, director at Lawrence Stephens

6 Mar 2023

Tax

Property Tax

Image for law firm faces ps1m inheritance tax negligence action

Tax | Law firm faces £1m inheritance tax negligence action

An international law firm is facing a £1m negligence claim over inheritance tax related to a trust after the High Court found the argument was not time-barred

3 Mar 2023

Tax | Hive Umbrella flagged for tax avoidance scheme

HMRC has issued a warning to taxpayers to stop using Hive Umbrella for contract work as it is running a tax avoidance scheme using untaxed pay advances

3 Mar 2023

Tax | Complex pricing of MTD software causes confusion

The complexity of pricing models for software for Making Tax Digital reporting is a headache for businesses, while many rely on their accountants for advice on purchasing decisions

2 Mar 2023

Tax | Office of Tax Simplification should not be closed

In a hearing before the Treasury Committee, a director of the Office of Tax Simplification (OTS) told MPs that the former Chancellor Kwasi Kwarteng decided to close the independent body without justification

2 Mar 2023

Tax | Four in 10 calls to HMRC not answered

Service levels at HMRC are under further pressure as the latest HMRC performance report shows that 40% of calls to advice lines were not answered in January

2 Mar 2023

Tax

HMRC

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Tax | Filing deadlines: March - May 2023

The latest tax filing deadlines for VAT returns and payments due for month or quarter ended 31 January 2023 with new penalty regime

1 Mar 2023

Tax

Tax Compliance

Tax Planning

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Tax | CJEU rules OnlyFans liable for £11m VAT charge

The Court of Justice of the European Union (CJEU) has given a binding ruling that online site OnlyFans is liable to pay millions of pounds in VAT on subscriptions

1 Mar 2023

Tax

VAT

Case Reports

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Tax | Frustrated accountants call for improvement in HMRC service

Poor performance and the quality of service provided by HMRC is becoming an increasing concern for the accountancy profession, and needs to be sorted out as a priority

1 Mar 2023

Tax

HMRC

Image for builder jailed ps158k vat fraud

Tax | Builder jailed for £158k VAT fraud

A builder from Hull has been jailed for three years following his involvement with a VAT refunds scam inspired by BBC show Rogue Traders that netted more than £158,000

1 Mar 2023