A taxpayer has won their claim for multiple dwellings relief (MDR) case with the court ruling that the stamp duty land tax due was £13,000 and not £82,000
Public interest business protection tax is designed to act as a deterrent for large companies looking to monetise valuable assets that may cause energy supply companies to fail. Christy Wilson, associate at Katten Muchin Rosenman UK LLP, explains
HMRC has issued guidance setting out the changes to VAT penalties and interest charges that will apply to everyone who submits a VAT return from 1 January 2023
Croner-i tax experts examine the rules when using business asset disposal relief (BADR) and the importance of maintaining adequate share holdings to protect tax relief
The court has overturned a previous ruling concluding that as the taxpayer offered no case for the entirety of their £143,000 tax appeal then it must be all withdrawn and all seven appeals dismissed
In this week’s Q&A, Croner Taxwise tax adviser Tom Butt, considers whether there are limits on the type of plant and machinery investments eligible for the super-deduction tax relief
Families in the UK have made nearly 32,000 reclaims for overpaid inheritance tax in the past six years, figures obtained by financial advisers NFU Mutual reveal
The GAAR advisory panel has ruled that a scheme involving the creation and sale of pension obligations to settle a director’s loan breaks the tax rules
A taxpayer has been allowed his late appeal against a discovery assessment of £22,896.60 ruling that the late appeal was justified as the case involved fraud, Covid-19, and working on offshore oil rigs
The government has set out proposals to reform the capital allowances regime to encourage more business investment with a radical option to introduce full expensing of main rate plant and machinery
The Treasury loses around £10bn every year due to insecure work and the proliferation of zero-hour contracts and low paid self employment, claims the TUC
Following the increase in the Bank of England base rate to 1% last week, HMRC has confirmed that it will raise interest rates on late tax bills by 0.25%
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