Tax

Latest news

Image for homeowners warned over bogus stamp duty refunds

Tax | Homeowners warned over bogus stamp duty refunds

New homeowners are being warned about cold calls from rogue tax repayment agents advising them to make speculative stamp duty land tax (SDLT) refund claims, which could leave them with large tax bills

30 May 2022

Tax

Property Tax

HMRC

Tax | Businesses using tax havens targeted by HMRC

HMRC is tracking 277 UK businesses it suspects of using tax havens to artificially reduce their tax bills in the UK, says law firm Pinsent Masons

30 May 2022

Tax | HMRC targets directors who break Kittel rules on VAT fraud

Company directors who commit VAT fraud or fail to demonstrate procedures to prevent VAT fraud in the supply chain are being targeted by HMRC with a trader monitoring campaign

30 May 2022

Tax

VAT

HMRC

Image for warning potential jubilee tax trap rural businesses

Tax | Warning on potential Jubilee tax trap for rural businesses

Rural businesses planning to use their land for public Jubilee celebrations need to consider the tax implications

30 May 2022

Tax

Business Tax

Tax Compliance

Image for fashion company part wins ps216m follower notice dispute

Tax | Fashion company part wins £2.16m follower notice dispute

Fashion distributor Whispering Smith has lost part of its appeal against follower notices issued by HMRC in connection with an equity deferral plan

30 May 2022

Tax

Employment Tax

Case Reports

Image for high income child benefit charge catches out taxpayers

Tax | High income child benefit charge catches out taxpayers

Mistakes made when claiming higher rate child benefit are most frequently the result of poor communication from HMRC and it is more difficult for those with complex, fluctuating earnings

27 May 2022

Tax | More support for energy customers as loan becomes £400 grant

In a bid to tackle the cost of living crisis, the Chancellor has announced a £15bn package of support with one-off payments for pensioners and lowest income earners, and doubled the £200 energy bill support

26 May 2022

Tax | Energy profits levy set to raise £5bn

Following calls for a windfall tax on oil and gas companies, the Chancellor has announced a 25% energy profits levy, set to raise £5bn in year one, effective from today

26 May 2022

Tax | HMRC fraud team targets mini umbrella companies

HMRC is ramping up its activity against mini umbrella companies using both its civil and criminal powers to challenge use and curb abuse

26 May 2022

Tax

HMRC

Tax Compliance

Image for 700k families miss out tax free childcare

Tax | 700k families miss out on tax-free childcare

The number of families claiming tax free childcare has gone up by a third to 512,000 in the last year as families look for additional support, but thousands are not claiming

26 May 2022

Tax

Personal Tax

Tax Planning

Image for government departments underpaid ps263m ir35 tax

Tax | Government departments underpaid £263m IR35 tax

MPs have criticised the waste of time and money as government departments struggled to comply with IR35 rules and messed up their tax calculations, underpaying tax by millions of pounds

25 May 2022

Tax

Employment Tax

Personal Tax

Image for more disclosures required ct600 company tax returns

Tax | More disclosures required on CT600 company tax returns

Even the most diligent taxpayers and advisers may have missed the recent update to HMRC’s guidance on how to complete a CT600 company tax return, warns Hannah Lloyd, corporate tax partner, RSM

25 May 2022

Tax

Business Tax

Tax Compliance

Image for scam warning tax credits claimants

Tax | Scam warning for tax credits claimants

In the run-up to the 31 July renewals deadline for tax credits, HMRC has warned that fraudsters are targeting claimants with scam emails, fake websites, and text messages

24 May 2022

Tax

Personal Tax

HMRC