Tax | Q&A: tax, funds and spread betting

In this week’s Q&A, Croner-i VIP tax advisor Ewan Edwards, considers the income tax implications when investing in a business with funds generated from spread betting profits

10 Jan 2023

Tax

Personal Tax

Tax Compliance

Tax | Former rugby player faces £230k tax bill over late IR35 appeal

Former professional rugby player, Michael Lynagh, has lost a First Tier Tribunal (FTT) after missing an appeal deadline over a disputed IR35 tax bill

9 Jan 2023

Tax

Employment Tax

HMRC

Tax Compliance

Tax | Pension deadline to top up national insurance approaches

A generous government scheme which allows people to fill historic gaps in their National Insurance record will come to an end in less than three months

9 Jan 2023

Tax

Personal Tax

Tax Planning

Business

Pensions

Tax | Register for our webinars on tax return tips

Croner-i is running a series of webinars to help speed up your tax returns with useful tips and advice

9 Jan 2023

Tax

Personal Tax

Tax Compliance

Tax Planning

Tax | HMRC phone delays leave thousands waiting

Thousands of taxpayers have been left waiting as HMRC phone delays continue, despite many rushing to submit their tax returns ahead of 31 January deadline

6 Jan 2023

Tax

Personal Tax

HMRC

Tax Compliance

Technology

Tax | HMRC warning on misuse of remuneration trusts

Following a number of tribunal decisions, HMRC has issued clarification on the misuse of remuneration trust schemes to avoid tax

6 Jan 2023

Tax

HMRC

Tax Compliance

Tax | Accountants lose £200k appeal over dividend scheme

Two accountants have lost an appeal at the Upper Tribunal against a First Tier Tribunal (FTT) decision over a dividend replacement scheme to generate tax-free income

6 Jan 2023

Tax

Business Tax

HMRC

Tax Compliance

Tax | Shell to pay £1.7bn in windfall taxes

Oil giant Shell will pay $2bn (£1.7bn) in windfall taxes in the UK and EU this quarter as the government’s energy profits levy on excess profits kicks in

6 Jan 2023

Tax

Business Tax

Tax | How salary sacrifice can help employee retention

Offering salary sacrifice schemes to employees can reduce tax liability and National Insurance costs for employers, explains Suzanne Gallagher, head of UK payroll, Employment Hero

5 Jan 2023

Tax

Employment Tax

Tax | HMRC investigators target unpaid inheritance tax

Wealthy families are being targeted by HMRC for unpaid inheritance tax after the tax authority clawed back a record £326m through investigations last year

5 Jan 2023

Tax

Personal Tax

Property Tax

HMRC

Tax Compliance

Tax | Crypto gains must be included on tax returns

It is important to report gains on cryptoassets, such as Ethereum, Bitcoin and non-fungible tokens (NFTs), on tax returns as they are subject to income tax and capital gains tax (CGT)

5 Jan 2023

Tax

Personal Tax

Tax Compliance

Tax | HMRC requires old XBRL tagging for 2022 accounts

Due to technical and operational issues, HMRC is currently unable to accept accounts tagged with the Financial Reporting Council 2022 Taxonomy

5 Jan 2023

Tax

Business Tax

International Tax

HMRC

Tax Compliance

Tax | Supermarkets see £550m business rates cut

The largest supermarkets will see their business rates bill cut by £687m over the next three years, according to analysis by Altus Group

4 Jan 2023

Tax

Business Tax

Tax Compliance

Tax | CPD module: points-based VAT penalties explained

In this month's exclusive Accountancy CPD module, we explain the new penalties and interest rates for VAT, effective from 1 January 2023

4 Jan 2023

Tax

VAT

Tax Compliance

Tax | HMRC extends till fraud disclosure deadline

Following the discovery of extensive use of till fraud to avoid VAT payments, HMRC has confirmed that the disclosure period for abuse of tills will close six weeks later than planned

4 Jan 2023

Tax

VAT

HMRC

Tax Compliance