Tax

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Tax | Autumn Statement 2022: basic income tax thresholds frozen

The Chancellor committed to keeping basic and higher rate income tax rates at current levels but extended the threshold freeze to 2028

17 Nov 2022

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Tax | Autumn Statement 2022: dividend tax allowance cut to £1k

From April 2023, the dividend tax allowance will be halved to £1,000 from the current £2,000 with a further cut to follow

17 Nov 2022

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Tax | Autumn Statement 2022: windfall taxes rise to 45%

In the Autumn Statement, Chancellor Jeremy Hunt outlined a number of changes to the energy profit levy, alongside a new and temporary tax on electricity generators

17 Nov 2022

Business Tax

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Tax | Autumn Statement 2022: capital gains tax exemption cut to £6k

The Chancellor plans to halve the capital gains tax exemption to £6,000 from the new tax year

17 Nov 2022

Tax | Autumn Statement 2022: 45% tax will start at £125k

The threshold for the additional rate of income tax will be reduced to pull more top earners into the 45p tax bracket

17 Nov 2022

Image for hmrc sues ey over ritblat tax dispute

Tax | HMRC sues EY over Ritblat tax dispute

HMRC has filed a High Court lawsuit against EY over alleged misrepresentations concerning British property investor Jamie Ritblat’s tax affairs

16 Nov 2022

HMRC

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Tax | Haulage contractor loses £1.2m tax appeal

A haulage contractor has lost a First Tier Tribunal (FTT) appeal over a million pound plus accumulation of tax penalties

16 Nov 2022

Tax | Save £200 and access Hardman’s Tax Data for free

We wanted to remind you about a major enhancement we’ve made to Accountancy Daily, our essential news, analysis and insight platform for tax, audit and accounting

16 Nov 2022

Tax | Taxpayer debts hit £37.8bn

Taxpayer debts to HMRC swelled by 10% to £37.8bn in just three months as interest rates and inflation continues to rise

16 Nov 2022

HMRC

Tax Compliance

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Tax | Making Tax Digital: Income Tax – time to get ready

John Edwards, CEO of the Institute of Financial Accountants (IFA), provides an overview of the Making Tax Digital for Income Tax (MTD ITSA) changes due to come into force in April 2024 and urges accountants to prepare now

15 Nov 2022

Making Tax Digital

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Tax | Sign up for our succession planning webinar

Croner-I will be running a live webinar on the tax considerations of succession planning on Wednesday 16 November

15 Nov 2022

Tax | Value of R&D tax credits down by £275m

The value of R&D tax credits relief claimed by UK businesses has fallen for the first time since the scheme began in 2000, down by £275m in a year

14 Nov 2022

Tax | Corporate tax reliefs hit £105bn

The value of business tax reliefs in the UK hit £105.3bn in the past year, shows new research from Thomson Reuters

14 Nov 2022

Business Tax

HMRC

Image for tax authorities will have power target cross border crypto investors

Tax | Tax authorities will have power to target cross-border crypto investors

Plans to introduce a crypto-asset reporting framework will see tax authorities exchanging investor details cross-border, explains Dion Seymour, crypto and digital assets technical director at Andersen LLP

14 Nov 2022