Tax

Latest news

Image for director loses ps470k appeal over vat fraud

Tax | Director loses £470k appeal over VAT fraud

A director of a used car trading company has lost an appeal against a First Tier Tribunal (FTT) decision over fraudulent activity involving VAT

27 Sep 2022

Tax

VAT

HMRC

Image for qa super deduction balancing charge

Tax | Q&A: super deduction balancing charge

In this week’s Q&A, Croner-i tax adviser David Lawson, considers the best time to dispose of machinery purchased through the super deduction tax break

27 Sep 2022

Tax | Non-doms avoid £3.2bn in tax

High net worth individuals with non-domicile status legally avoid paying more than £3.2bn of tax on at least £10.9bn of offshore income a year

27 Sep 2022

Tax

International Tax

HMRC

Image for chancellor plans november fiscal statement

Tax | Chancellor plans November fiscal statement

The Treasury has confirmed that the Chancellor will present a medium-term fiscal plan in November supported by costings

27 Sep 2022

Tax

Budget

Politics

Image for how income tax cuts affect earners

Tax | How income tax cuts affect earners

In the mini Budget, the Chancellor set out plans to reduce the basic rate of income tax to 19% and in a surprise move abolished the 45% tax rate

26 Sep 2022

Tax | CPD module: taxing partnerships

In this month's Accountancy Daily CPD module, we examine the tax implications of partnerships and reporting profits and losses

26 Sep 2022

Tax | Mini Budget 2022: share option scheme doubled to £60k

The government announced two changes to the company share option plan (CSOP) scheme including doubling the share limit

26 Sep 2022

Tax | HMRC raises late payment interest from 11 October

HMRC will raise interest rates on tax debt from 11 October following the 0.5% increase in the base rate

26 Sep 2022

Tax

HMRC

Tax Compliance

Image for mini budget 2022 dividend tax rate cut top earners

Tax | Mini Budget 2022: dividend tax rate cut for top earners

In line with the decision to abolish the 45% additional tax rate, the government has also cut the dividend tax rate for the highest earners by 6.85%

23 Sep 2022

Tax

Personal Tax

Budget

Tax | Mini Budget 2022: 45% additional tax rate abolished

In a surprise move, the Chancellor announced plans to abolish the additional 45% rate of income tax on annual income above £150,000 from 6 April 2023

23 Sep 2022

Tax

Personal Tax

Budget

Tax | Mini Budget 2022: SEIS limit raised to £250k

In a bid to drive investment in start-ups, the Chancellor announced that the level of tax-free investment in seed enterprise investment schemes (SEIS) will increase to £250,000

23 Sep 2022

Tax

Business Tax

Budget

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Tax | Office of Tax Simplification to be closed

The Chancellor plans to close the Office of Tax Simplification, saying that simplifying tax should be the responsibility of the Treasury and HMRC

23 Sep 2022

Tax

Budget

Tax | Sign up for our Mini Budget webinar

Get ahead of the curve and join our webinar on 23 September to discuss the announcements made at the Mini Budget

23 Sep 2022

Tax | Mini Budget 2022: tax breaks for investment zones planned

The Chancellor has targeted 2.5% growth and to support this has announced the creation of investment zones, offering substantial tax breaks for businesses

23 Sep 2022

Tax

Business Tax

Budget