Tax

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Image for care home owners lose ps8m capital gains tax case

Tax | Care home owners lose £8m capital gains tax case

The court has ruled that two care home owners, who sold their facility, cannot subtract debt payments from the share value and must pay capital gains tax on £8m

13 Apr 2022

Tax

Personal Tax

Case Reports

Image for hmrc opens nottingham regional centre

Tax | HMRC opens Nottingham regional centre

HMRC’s regional Nottingham office has opened and will accommodate 4,000 staff with a further 1,000 employees from other government departments

12 Apr 2022

Tax

HMRC

Business

Tax | HMRC offers settlement for remuneration trust holders

HMRC has opened up a four-month settlement window for taxpayers who have used remuneration trusts to avoid tax, to resolve their tax bils

12 Apr 2022

Tax | Thai restaurateur’s £70k tax appeal rejected

A Thai restaurant owner’s appeal against notices and penalties totalling over £69,792 has been rejected with the court ruling that he had undeclared sales through a hidden bank account

12 Apr 2022

Tax

Business Tax

Case Reports

Image for qa vat implications ukraine fundraising event

Tax | Q&A: VAT implications of Ukraine fundraising event

In this week’s Q&A, Croner Taxwise VAT advice consultant Sally Atkins considers the VAT liability when organising a fundraising event for Ukraine

12 Apr 2022

Tax

VAT

Image for treasury whittles down shortlist darlington office

Tax | Treasury whittles down shortlist for Darlington office

As part of the government’s plans to move civil service jobs out of London, the Chancellor is near to making a decision on a permanent base for the Treasury in Darlington

12 Apr 2022

Tax

Politics

Careers

Leadership & Management

Image for hmrc collects extra ps124m through offshore income

Tax | HMRC collects extra £12.4m through offshore income

HMRC brought in an extra £12.4m in tax from offshore income raising £56.9m in 2020-21, up from £44.5m

11 Apr 2022

Tax

Business Tax

Personal Tax

Image for chancellors wife pay tax foreign earnings

Tax | Chancellor’s wife to pay tax on foreign earnings

Rishi Sunak’s wife, Akshata Murty, has announced that she will pay tax on her foreign income after confirming her non-domicile tax status last week

11 Apr 2022

Tax

Personal Tax

Image for gambling companys ps49m tax claim rejected

Tax | Gambling company’s £4.9m tax claim rejected

The tax tribunal has rejected an online gaming company's appeal for a £4.9m refund on a remote gaming duty (RGD) overpayment but ruled that ‘freeplays’ offered by the company can be used for claiming the relief

11 Apr 2022

Tax

Business Tax

Case Reports

Image for hmrc names tax avoidance scheme promoters

Tax | HMRC names tax avoidance scheme promoters

HRMC has published the names of two tax avoidance schemes and their promoters as part of their Don’t Get Caught Out campaign

8 Apr 2022

Tax

Personal Tax

HMRC

Tax | HMRC phone wait times over 12 minutes

The average wait time on HMRC phone lines has improved in the last year with a two minute reduction to 12 minutes and 35 seconds

8 Apr 2022

Tax

HMRC

Image for msc survivors group set help contractors

Tax | MSC survivors group set up to help contractors

ContractorCalculator and tax specialist David Kirk & Co have set up the Managed Service Company (MSC) Survivors Group to help contractors affected by HMRC's latest investigation into their use

8 Apr 2022

Tax | Enterprise investment schemes: what are the tax breaks?

Since 1994, enterprise investment schemes (EIS) have been an important tool in the investors’ kit, but many potential investors worry that EIS-eligible businesses are too high risk. Craig Harman, tax specialist at Perrys Chartered Accountants, explains

8 Apr 2022

Tax

Personal Tax

Tax Planning