Tax

VAT

Tax Compliance

Tax | 1m trusts fail to register with HMRC

Official data reveals that only 153,241 trust registrations have been received since HMRC’s Trustee Registration Service began in June 2017

27 Apr 2022

HMRC

Business

Image for kaye adams sees ir35 case sent back lower tribunal decision

Tax | Kaye Adams sees IR35 case sent back to lower tribunal for decision

The Court of Appeal has failed to make a definitive ruling over a disputed IR35 claim over £124,000 of tax from presenter Kaye Adams and has sent it back to a lower tribunal to make the final judgment

27 Apr 2022

Case Reports

Image for presenter hawksbee loses ps143k ir35 case

Tax | Presenter Hawksbee loses £143k IR35 case

The court has dismissed an appeal from radio presenter Paul Hawksbee against tax assessments totalling £143,000 in long-disputed IR35 case

26 Apr 2022

Case Reports

Image for oecd needs simplify guidance 15 global tax rate

Tax | OECD needs to simplify guidance on 15% global tax rate

In an online consultation meeting, speakers called on the OECD to focus on providing more detailed guidance on plans for the rollout of the pillar two base rate of 15% corporate tax

26 Apr 2022

International Tax

Image for hmrc review de minimis tax threshold trusts

Tax | HMRC to review de minimis tax threshold for trusts

HMRC is consulting on plans to review the current £100 de minimis amount for tax exemption for trusts and estates

26 Apr 2022

Consultations

Image for national insurance takings hit ps157bn record

Tax | National insurance takings hit £157bn record

The revenue from National Insurance Contributions (NICs) has hit £157bn, the highest amount on record

26 Apr 2022

Tax | 2.1 million annual tax credits packs to be issued

As the renewal period for tax credits approaches at the end of July, HMRC is sending 2.1m tax credits customers an annual renewal pack

26 Apr 2022

HMRC

Image for qa enterprise investment scheme eis deferral relief

Tax | Q&A: enterprise investment scheme (EIS) deferral relief

In this week’s Q&A, Croner Taxwise apprentice tax advisor Ria Dillon considers whether gains from business asset disposal relief (BADR) can be invested in an enterprise investment scheme (EIS) tax free

26 Apr 2022

Tax Planning

Image for labour plans reform non dom tax status

Tax | Labour plans to reform non-dom tax status

Shadow Chancellor Rachel Reeves has announced that if Labour comes to power it will change the current non-dom rules to close loopholes to create a ‘modern’ non-domicile system

25 Apr 2022

Tax | Tax, wills and foreign assets

When it comes to tax, writing wills to take into account portfolios of assets held across multiple jurisdictions, requires careful tax planning. Francesca Sassoli, senior associate at Cripps Pemberton Greenish, explains

25 Apr 2022

Tax Planning

Image for hmrc chases seiss overpayments

Tax | HMRC chases up SEISS overpayments

HMRC is contacting taxpayers who need to repay all or part of their fourth of fifth self-employment income support scheme (SEISS) grant

21 Apr 2022

HMRC

Image for big businesses overclaim ps725m rd tax relief

Tax | Big businesses overclaim £725m in R&D tax relief

There are indications that the UK’s largest companies are making claims for excessive amounts of research and development (R&D) tax relief worth up to £725m a year

21 Apr 2022

Tax Compliance

Image for risks failing give security vat

Tax | The risks of failing to give security for VAT

The High Court judgment in the Pugsley case is a salutary warning to tax advisors that there is no ‘legitimate expectation’ of independent review into giving security for VAT if offer not properly accepted. David Bloom and Nathaniel Rudolf QC examine the ruling

21 Apr 2022