Tax

Latest news

Image for hmrc wins ps900k nhs vat case supreme court

Tax | HMRC wins £900k NHS VAT case at Supreme Court

NHS Lothian Health Board has lost a case at the Supreme Court over a historic claim for £900,000 in VAT which HMRC rejected due to lack of supporting evidence

19 Oct 2022

Tax

VAT

Case Reports

Image for kensington residents pay average ps1m inheritance tax

Tax | Kensington residents pay average £1m inheritance tax

The central London borough of Kensington and Chelsea tops the league for average value of inheritance tax (IHT) paid at over £1m

19 Oct 2022

Tax

Personal Tax

Tax Planning

Image for taxi director jailed ps780k vat fraud

Tax | Taxi director jailed for £780k VAT fraud

A Wokingham-based director has been jailed for six years after dishonestly failing to disclose invoice payments totalling over £780,000 in VAT

18 Oct 2022

Tax | R&D relief to be explored by Lords sub-committee

The House of Lords Finance Bill sub-committee has invited companies to contribute to its inquiry on the draft Finance Bill 2022-23

18 Oct 2022

Tax

Business Tax

Tax Planning

Image for qa mileage allowance payments and tax liability

Tax | Q&A: mileage allowance payments and tax liability

In our regular Q&A, Croner-i payroll adviser Carla Kennedy, explains the tax liability issues if you decide to pay employees more than the higher approved mileage allowance payment

18 Oct 2022

Tax | Chancellor reverses tax cuts in mini Budget U-turn

Jeremy Hunt has scrapped nearly all tax cuts announced in last month’s mini Budget, which include removing the 1p cut to base rate income tax

17 Oct 2022

Tax | PM u-turns on corporation tax hike

The Prime Minister Liz Truss has u-turned on corporation tax, with plans to go ahead with the increase to 25% from April 2023, after sacking Chancellor

14 Oct 2022

Tax | Kwarteng sacked as Chancellor, replaced by Jeremy Hunt

Jeremy Hunt has been named as Chancellor, replacing Kwasi Kwarteng who has been sacked by the PM after five weeks in the job

14 Oct 2022

Tax

Budget

Politics

Tax | Tax from trusts edges up to £1.45bn

The total tax payable on trusts and estates in the year ending 2021 was £1.45bn, increasing by 5% as more trusts sign up to Trust Registration Service

14 Oct 2022

Tax | HMRC covid fraud recovery team misses £800m target

The dedicated covid fraud taskforce at HMRC has failed to meet targets set for fraud recovery while investigations are taking longer than expected to complete

13 Oct 2022

Tax | HMRC formally opens Manchester hub

The latest regional HMRC hub has opened in Manchester and will accommodate 3,000 staff in a purpose built facility

13 Oct 2022

Tax

HMRC

Image for sintra global wins ps25m vat appeal

Tax | Sintra Global wins £25m VAT appeal

A businessman who was frozen out of his accounts by HMRC has won an appeal at First Tier Tribunal (FTT) relating to VAT and excise duty penalties amounting to £25m

13 Oct 2022

Tax | Furlough scheme was open to misuse from outset

Employers felt that the coronavirus job retention scheme (CJRS) was open to intentional misuse because of its necessary accessibility, finds HMRC research

13 Oct 2022

Tax | Rate of HMRC winding up petitions soars

HMRC is becoming increasingly aggressive when it comes to the use of winding up petitions

12 Oct 2022

Restructuring & Insolvency

Tax | Renewable energy companies face windfall tax

Renewable electricity companies will have to pay a one-off tax on income as their profits soar due to the energy crisis

12 Oct 2022

Tax

Business Tax

Image for oecd plans tax register crypto asset transactions

Tax | OECD plans tax register for crypto asset transactions

The OECD plans to launch the first global tax transparency framework for the reporting and exchange of information on crypto assets, detailing ownership and transactions

11 Oct 2022

Navigate

Tax Services

Latest news

Tax | HMRC wins £900k NHS VAT case at Supreme Court

Tax | Kensington residents pay average £1m inheritance tax

Tax | Taxi director jailed for £780k VAT fraud

Tax | R&D relief to be explored by Lords sub-committee

Tax | Q&A: mileage allowance payments and tax liability

Tax | Chancellor reverses tax cuts in mini Budget U-turn

Tax | PM u-turns on corporation tax hike

Tax | Kwarteng sacked as Chancellor, replaced by Jeremy Hunt

Tax | Tax from trusts edges up to £1.45bn

Tax | HMRC covid fraud recovery team misses £800m target

Tax | HMRC formally opens Manchester hub

Tax | Sintra Global wins £25m VAT appeal

Tax | Furlough scheme was open to misuse from outset

Tax | Rate of HMRC winding up petitions soars

Tax | Renewable energy companies face windfall tax

Tax | OECD plans tax register for crypto asset transactions