Tax | Paying salaries prioritised over ‘terrifying’ tax debt

Tax debts were not seen as a priority when balanced against maintaining cash flow and paying staff during the pandemic, according to research into HMRC debt collection

6 May 2022

Tax

Business Tax

VAT

HMRC

Tax Compliance

Tax | Car insurance company loses £2m VAT case

An insurance company has lost its case to reclaim £2m in VAT as there was no evidence that their work in removing black telemetric boxes from cars was not a supply for VAT

5 May 2022

Tax

VAT

Tax | J5 tax authorities warn on risk of NFTs

The Joint Chiefs of Global Tax Enforcement (J5) has released an intelligence bulletin, warning banks, law enforcement personnel and private citizens of some of the dangers when dealing with non-fungible tokens (NFTs)

5 May 2022

Tax

Personal Tax

International Tax

Tax Compliance

Tax | Treasury to raise extra £3bn from stamp duty

Over 1.2m homes have moved above the basic stamp duty threshold which will bring the Exchequer at least an extra £3bn a year

5 May 2022

Tax

Property Tax

Tax | Businesses not prepared for MTD extension

Over half of accountants state their clients are not ready for Making Tax Digital (MTD) for income tax self assessments 

4 May 2022

Tax

Business Tax

Business

Accountancy Firms

Tax | Wine merchant wins £350k tax case

A wine merchant has won an appeal against HMRC discovery assessments and penalties of £350,905 with the court ruling that although he ‘regularly’ filed his accounts late he did not do it deliberately

4 May 2022

Tax

Business Tax

Case Reports

Pensions

Tax | Q&A: hire purchase agreements and VAT

In our weekly Q&A, Croner Taxwise VAT adviser Tony Chamberlain considers whether hire purchase agreements should be categorised as goods or services for VAT purposes

4 May 2022

Tax

VAT

Tax | High street giants call for rates reform

Some of the UK’s largest companies have joined together under an alliance to call on the Chancellor to reform the UK’s ‘decades old’ business rates system

3 May 2022

Tax

Business Tax

Tax | HMRC repays £22m in overpaid pension tax

HMRC has paid out £22m to people who had overpaid tax when they accessed their pensions flexibly in the first three months of 2022

3 May 2022

Tax

HMRC

Business

Pensions

Tax | Filing deadlines May – August 2022

In our handy guide to tax filing deadlines, we provide an at-a-glance guide to key dates from deadline for Forms P46(Car), P60 payroll reporting to employees, and confirmation statements showing benefits that have had tax collected through payroll in 2021-22

3 May 2022

Tax

Business Tax

Employment Tax

Personal Tax

Property Tax

VAT

Tax | CPD module: Tax and loans to employees and directors

This month's exclusive Accountancy Daily CPD module provides a back to basics review of tax and loans to employees and directors 

3 May 2022

Tax

Business Tax

Business

Companies

Tax | VAT updates: April 2022

In this month’s VAT updates, Graham Elliott examines VAT rulings on dog grooming lessons, car boot sale rent and unjust enrichment

3 May 2022

Tax

VAT

Case Reports

Tax | 1.3m southerners dragged into higher tax threshold

Over 1.3m people in London and across the southeast will be caught by the higher tax threshold by 2025-26 research reveals

29 Apr 2022

Tax

Personal Tax

Tax | MPs to review venture capital tax breaks

The Treasury Committee has launched an inquiry into the UK’s venture capital industry, including the ability of firms to source financing and the effectiveness of tax incentives

28 Apr 2022

Tax

Consultations

Business

Companies

Tax | Lords condemn government’s approach to IR35

A House of Lords Committee has heavily criticised the government’s approach to IR35 stating that they are promoting a system that is ‘uncompetitive, complex, burdensome, and unfair’

28 Apr 2022

Tax

Employment Tax

Personal Tax