Tax | Points-based VAT penalties in force from 7 March

HMRC is in the process of contacting 2.5 million businesses reminding them about new points-based penalties for late VAT returns

22 Feb 2023

Tax

VAT

HMRC

Tax Compliance

Tax | HMRC needs nine-day turnaround for PAYE direct debits

Employers must allow three extra days to set up any new variable direct debits for their PAYE payrolls following a delay in HMRC processing time

22 Feb 2023

Tax

Employment Tax

HMRC

Tax Compliance

Tax | Tax relief on travel expenses - part 1

As more employees work remotely, it is important to ensure mileage expenses are claimed correctly, explains Croner-i tax writer Martin Jackson

22 Feb 2023

Tax

Employment Tax

Personal Tax

Tax Compliance

Tax | FSB criticises proposed cuts to R&D tax relief

The UK will become an ‘innovation wasteland’ if the government does not change its decision to cut the R&D tax relief scheme for small businesses

22 Feb 2023

Tax

Budget

Companies

Accountancy Firms

Tax | HMRC fails to process £391m in tax deposit certificates

As HMRC remains committed to ending the use of tax deposit certificates by November, nearly £400m in unused advance payments have not been claimed

22 Feb 2023

Tax

Personal Tax

HMRC

Tax | Roofing company must pay £2.5m VAT tax bill

A roof replacement company will have to pay £2.5m in VAT after the Court of Appeal ruled that insulated roof panels were not classed as insulation for a VAT-reduced rating

21 Feb 2023

Tax

VAT

HMRC

Tax Compliance

Law and Regulation

Tax | IESBA consults on revisions to tax planning ethics code

The International Ethics Standards Board for Accountants (IESBA) is consulting on plans to revise the tax planning code to stress ethics and transparency

21 Feb 2023

Tax

Tax Planning

Consultations

Tax | Duo arrested for tax evasion linked to Puerto Rico bank

Two men have been arrested following an investigation into UK customers of a collapsed Puerto Rican bank linked to tax evasion and money laundering

21 Feb 2023

Tax

HMRC

Tax Compliance

Called to Account

Tax | Inheritance tax: how to cut your bill

Years of frozen allowances, paired with house price growth and soaring inflation, is dragging more people into inheritance tax, but there are ways to reduce the tax liability

21 Feb 2023

Tax

Personal Tax

Tax Planning

Tax | Q&A: is employee sponsorship taxable benefit?

In this week's Q&A, Croner-i tax adviser Vanessa Matthews, considers whether corporate sponsorship of an employee at a sporting event is taxable

21 Feb 2023

Tax

Employment Tax

Personal Tax

Tax | Income tax take hits record £21.9bn in January

The Treasury is reaping the rewards of freezing tax thresholds as revenue from income tax rose by a third to a record £21.9bn last month

21 Feb 2023

Tax

HMRC

Tax Compliance

Tax | Sign up for our webinar on property tax and VAT

Confused over whether the zero or 5% VAT rates apply or if input tax can be claimed on property related issues? Join our exclusive Croner-i webinar on top tips for VAT and residential planning

21 Feb 2023

Tax

Property Tax

VAT

Training & CPD

Tax | Doctor loses £250k film tax relief over carelessness

A hospital consultant has lost an appeal against a tax demand for £250,000 related to claims for an income tax relief scheme over carelessness of the ‘highest order’

20 Feb 2023

Tax

Business Tax

HMRC

Tax Compliance

Tax | Scottish finance minister Kate Forbes enters SNP leader race

Kate Forbes, the Scottish finance minister, has entered the leadership race to replace Nicola Sturgeon as First Minister

20 Feb 2023

Tax

Politics

Tax | Careless versus deliberate tax errors

When the former chancellor paid a tax penalty this raised questions about the meaning of HMRC's position on deliberate and careless errors, and whether it could have been resolved between the two parties, explain Danielle Ford, director and Riocard Hoye, senior manager at haysmacintyre

20 Feb 2023

Tax

Personal Tax

HMRC

Tax Compliance