Tax

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Tax | Tax compliance and related property rules

Whether a taxpayer is making a lifetime transfer or an item is in their death estate, the related property rules must be considered and there are potential tax traps, warns Meg Saksida

6 Apr 2022

Tax | HMRC wins £1.7m VAT repayment case

The Court has ruled that mistakenly paid VAT of £1.7m by the Mayor’s Office for Policing and Crime could not be repaid by HMRC as the police department would be ‘unjustly enriched’

6 Apr 2022

Tax

VAT

Case Reports

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Tax | 1.25% national insurance rise kicks in

From 6 April, employees and employers will have to pay an extra 1.25% on their National Insurance contributions (NICs)

6 Apr 2022

Tax

Business Tax

Employment Tax

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Tax | Q&A: tax and pension contributions

In this week’s Q&A, Croner Taxwise VIP advisor, Elaine Wood, considers the tax implications of personal contributions, claiming relief, and the lifetime and annual allowance charges

5 Apr 2022

Tax

Personal Tax

Tax Compliance

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Tax | Flapjacks are ‘not cakes’ for VAT purposes

The court has ruled that flapjacks cannot be classed as cakes which means they are subject to standard rate VAT and due to this the company is not entitled to credit on input tax

5 Apr 2022

Tax

VAT

Case Reports

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Tax | New tax year: how it affects your personal finances

The new tax year starts on 6 April with a number of tax changes that will affect personal finances. As the 2021-22 tax year draws to a close, Stevie Heafford, tax partner at HW Fisher outlines the 10 key changes

5 Apr 2022

Tax | 142k use time to pay to settle tax bills

More than 142,000 taxpayers have used HMRC’s online time to pay facility to spread the cost of their self assessment tax bill since April 2021

4 Apr 2022

Tax | Court rejects £40m tax avoidance claim

The Court has dismissed a £40m claim from 10 investors against a tax barrister QC who advised promoters of failed tax avoidance schemes involving film investments

4 Apr 2022

Tax

Business Tax

Case Reports

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Tax | CPD module: CGT allowable expenditure

This month's exclusive Accountancy Daily CPD module provides a back to basics review of capital gains tax (CGT) allowable expenditure

4 Apr 2022

Tax | Filing deadlines: April - June 2022

In our handy guide to tax filing deadlines, we provide an at-a-glance guide to key dates for PAYE cheque payments, VAT quarterly instalments, and Making Tax Digital (MTD)

1 Apr 2022

Tax | Court rejects £268k input tax claim appeal

The court has dismissed an appeal against HMRC’s decision to refuse an input tax claim of £268,000 ruling that the company had acted ‘dishonestly’

1 Apr 2022

Tax | Museums relief take-up hampered by complexity

The complexity of the application process for museums and galleries tax relief has deterred some organisations from taking up the tax break, finds HMRC research

1 Apr 2022

Tax

Business Tax

Tax Planning

Tax | Tax breaks drop 6% in the past decade

Government tax breaks for savings and investments have fallen by an average of 6% over the past decade

31 Mar 2022

Tax

Business Tax

Personal Tax

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Tax | Agricultural tenancies - business competency tests

The introduction of new business competency tests for farmers will put pressure on the accountancy profession as they try to prove compliance, warns Julie Butler FCA, founder of Butler & Co

31 Mar 2022