Tax | 500k self assessment refunds ‘sat in limbo’

Half a million taxpayers are still waiting for refunds from overpaid tax from self assessment tax returns for tax year 2019-20, although HMRC fraud checks create some of the delays

25 Feb 2022

Tax

HMRC

Tax | Office of Tax Simplification to review approach to tax

The Office of Tax Simplification (OTS) is reviewing its future role and how it will address ‘tax simplification’ 

25 Feb 2022

Tax

HMRC

Tax Planning

Tax | HMRC has lost 1,491 electronic devices

HMRC has recorded 1,491 electronic devices as being lost or stolen in the past five years

24 Feb 2022

Tax

HMRC

Tax | Bonus scheme structured as tax avoidance

HMRC has won a landmark ruling in a long-running case over the use of a Growth Securities Ownership Plan (GSOP) which the tax authority argued was a tax avoidance scheme

24 Feb 2022

Tax

Personal Tax

Case Reports

Tax | Matalan founder’s £84m tax case rejected

Matalan founder John Hargreaves’ appeal against an £84m discovery assessment from 2001 has been dismissed by the court

23 Feb 2022

Tax

HMRC

Case Reports

Tax | HMRC advisory fuel rates for company car users from 1 March

HMRC has published the latest advisory fuel rates (AFR) for company car users, effective from 1 March 2022, keeping rates unchanged despite huge hikes in the cost of fuel at forecourts

23 Feb 2022

Tax

Business Tax

HMRC

Tax Compliance

Tax | Business property relief and investments

When making a claim for business property relief, it is important to ensure that it is related to business activity and not pure investment. Stephanie Webber, tax writer at Croner-i, examines the tax compliance issues

23 Feb 2022

Tax

Business Tax

Tax Compliance

Tax Planning

Tax | OECD consults on tax base rules for digital taxation

The OECD has launched a brief consultation over the draft rules for tax base determinations under Amount A of its pillar one rules to deal with digital taxation

22 Feb 2022

Tax

International Tax

Consultations

Tax | 4m people to pay higher tax rate

In the next three years, the number of people paying the higher rate of tax will almost double to 8.1m as thresholds are frozen

22 Feb 2022

Tax

Personal Tax

Tax | Tax receipts £124bn higher than last year

HMRC continues to increase its tax take with tax receipts for April 2021 to January 2022 coming in at £123.8bn higher than in the same period a year earlier

22 Feb 2022

Tax

Business Tax

Employment Tax

Property Tax

VAT

HMRC

Tax | Taxpayers footed tax bill for IR35 mistakes

HMRC’s Jim Harra confirmed to the Public Accounts Committee (PAC) that taxpayers do foot the tax bill for private contractors when government departments get their IR35 compliance wrong

22 Feb 2022

Tax

Employment Tax

HMRC

Tax | Q&A: tax liability and high income child benefit charge (HICBC)

In this week’s Q&A, Croner Taxwise adviser Vivienne Cheung, explains the tax implications of the high income child benefit charge for anyone earning over £50,000 if they do not live with their partner

22 Feb 2022

Tax

Personal Tax

Tax Compliance

Tax | Business taxes bring in £50bn for Treasury

HMRC has collected more than £50bn from businesses in the last decade from the introduction of eight new business taxes

21 Feb 2022

Tax

Business Tax

HMRC

Tax | FSB and TUC call on Chancellor to change sick pay rules

Frances O’Grady and Martin McTague have sent a joint letter to the Chancellor demanding action on sick pay and support for employers as annual cost to small firms nears £5bn

21 Feb 2022

Tax

Employment Tax

Tax Compliance

Tax | Windfarms win £48m capital allowances claim

The Court has ruled that studies and project management costs relating to offshore windfarms, which totalled £48m, were ‘partly qualified’ for capital allowances

21 Feb 2022

Tax

Business Tax

Case Reports