Tax

Image for tax firm fined ps150k tax avoidance case

Tax | Tax firm fined £150k in tax avoidance case

The Upper Tribunal has fined AML Tax £150,000 for failing to comply with formal information notices issued as part of HMRC’s investigation into the firm’s £3.3m tax avoidance case

21 Mar 2022

Case Reports

Image for hmrc late payment interest rates revised

Tax | HMRC late payment interest rates revised

HMRC has increased its late payment interest rates to 0.75% after the Bank of England increased their base rates

21 Mar 2022

Tax | Tax rises are the new normal says IFS

Tax rises are the new normal says the IFS with its research showing that over two years, the government introduced the same level of tax hikes as Tony Blair's Labour did across 10 years

18 Mar 2022

Tax | Footballer Neil McCann loses £190k IR35 case

The court has ruled against former Scottish footballer and coach Neil McCann’s £190,000 IR35 tax appeal deciding that his services fell under ‘employment contracts’

18 Mar 2022

Employment Tax

Case Reports

Image for uk suspends tax co operation russia

Tax | UK suspends tax co-operation with Russia

The UK has stopped sharing tax information with Russia and Belarus as part of its effort to inflict economic pain on President Putin’s regime

18 Mar 2022

Image for mcdonalds accused avoiding ps295m tax

Tax | McDonald’s accused of avoiding £295m in tax

The charity War on Want claims that McDonald’s has not paid around £295m in tax over the last 10 years and calls on HMRC to launch an investigation into the fast food giant

17 Mar 2022

Image for treasury set raise ps125bn more tax expected

Tax | Treasury set to raise £12.5bn more tax than expected

The freeze in income tax thresholds and rising inflation means that the Treasury will bring in £12.5bn more in tax than predicted at the last Budget

17 Mar 2022

Personal Tax

Image for hmrc targets less 1 crypto investors

Tax | HMRC targets less than 1% of crypto investors

HMRC contacted less than 1% of UK cryptocurrency investors about their potential capital gains tax liability last year

17 Mar 2022

Image for eu blocks minimum corporate tax deal

Tax | EU blocks minimum corporate tax deal

Poland, Sweden, Estonia, and Malta have voted against a French proposed compromise on the introduction of a minimum global corporate tax rate in the EU

16 Mar 2022

International Tax

Image for court rejects ps32m claim film scheme not trading

Tax | Court rejects £3.2m claim as film scheme not trading

A partnership set up to exploit film development costs has lost an appeal at the First Tier Tribunal (FTT) after claiming that it was carrying on a trade

15 Mar 2022

Case Reports

Image for appg launches loan charge impact inquiry

Tax | APPG launches loan charge impact inquiry

MPs on the Loan Charge and Taxpayer Fairness APPG have set up a further call for evidence to examine the ongoing impact of the loan charge

15 Mar 2022

Consultations

Image for qa capital gains tax transactions land

Tax | Q&A: capital gains tax on transactions in land

In this week’s Q&A, Croner Taxwise tax advisor David Lawson examines the capital gains tax treatment on different land transactions

15 Mar 2022

Tax | 570k scams hit self assessment taxpayers, HMRC warns

HMRC is warning self assessment taxpayers to be on their guard following the tax return deadline after more than 570,000 scams were reported to HMRC in the last year

15 Mar 2022

Personal Tax