Tax | Sunak would slash VAT on energy bills

Leadership challenger Rishi Sunak has announced he will scrap VAT on energy bills if he becomes prime minister.

27 Jul 2022

Tax

VAT

Politics

Tax | HMRC wants data on working hours and job titles

In an unexpected power grab, HMRC is working on plans to access more information about individual taxpayers, particularly the self employed and employees, from working hours to job titles, to tackle tax evasion

27 Jul 2022

Tax

HMRC

Consultations

Tax | Book a place on our CGT & SDLT residential property webinar

Recent tax cases have highlighted a number of issues relating to capital gains tax (CGT) and stamp duty land tax (SDLT) on residential property

27 Jul 2022

Tax

Property Tax

Tax Planning

Tax | Practical planning - bare trusts and tax

The inheritance tax and capital gains tax rules treat bare trusts quite differently so it is important to plan carefully, explains Andrew Cockman LLB LLM TEP CTA (Fellow), director, personal tax advisory at Azets

27 Jul 2022

Tax

Personal Tax

Tax Compliance

Tax Planning

Tax | Trustees lose £1.7m business property relief claim

Two trustees have lost a case in the First Tier Tribunal over a dispute about whether a claim for business property relief was allowable after HMRC ruled it out

26 Jul 2022

Tax

Property Tax

Case Reports

Tax | Sunak and Truss set out tax plans

Last night, Liz Truss and Rishi Sunak faced each other during a heated hour-long televised debate from Stoke-on-Trent where tax and economic policy dominated

26 Jul 2022

Tax

Politics

Tax | No plans to change employment status rules

The government has ruled out making any changes to the definitions of worker status for tax purposes, saying it could increase costs for business

26 Jul 2022

Tax

Employment Tax

Personal Tax

Tax | Q&A: stamp duty issues on replacing main residence

In this week’s Q&A, Kabita Tank, tax adviser at Croner-i, considers whether the higher rate stamp duty land tax rate is reclaimable if a property owner quickly changes status of additional purchase

26 Jul 2022

Tax

Property Tax

Tax Compliance

Tax | Ingenious Games refused right to appeal in £1.2bn tax case

The Court of Appeal has ruled against Ingenious Games over attempts to have some of a 2019 appeal ruling overturned

25 Jul 2022

Tax

HMRC

Case Reports

Tax | MPs launch probe into tax reliefs

The Treasury Committee has opened an inquiry over the summer into the size and benefits of the tax relief market, including ideas to reform complex rules

25 Jul 2022

Tax

Consultations

Politics

Tax | HMRC to hire staff to improve customer service

HMRC is planning to hire an additional 2,000 staff to help tackle the drop in customer service as complaints rise about slow response times

22 Jul 2022

Tax

HMRC

Tax | Director’s loans were not tax avoidance, says GAAR

A complex series of tranactions involving millions of pounds of director’s loans between subsidiaries and the group holding company was not used for tax avoidance purposes, GAAR Advisory Panel decides 

22 Jul 2022

Tax

Business Tax

Personal Tax

HMRC

Tax | HMRC fined taxpayers £1.87m for mistakes in tax returns

Last year HMRC handed out 80% more penalties for careless errors made by taxpayers in their tax returns, with 89,317 penalties issued in 2021-22 although the majority were cancelled

22 Jul 2022

Tax

Personal Tax

HMRC

Tax Compliance

Tax | R&D tax credit claims will require pre-registration with HMRC

Changes to the research and development (R&D) tax credits regime will see new requirements to apply for all reliefs online and pre-registration of claims regardless of size of business

21 Jul 2022

Tax

Business Tax

Tax Compliance

Tax | Capital gains tax rules for divorcing couples changing

The government is changing the rules so that divorcing couples no longer need to settle their estates within a year and face capital gains tax bills

21 Jul 2022

Tax

Personal Tax

Property Tax

Tax Compliance

Law and Regulation