Tax

Latest news

Image for treasury committee questions plans ni increase

Tax | Treasury Committee questions plans for NI increase

The Treasury Committee has criticised plans to raise national insurance by 1.25% from April, stressing that the tax burden is now the highest for five decades

27 Jan 2022

Tax

Employment Tax

Image for taxpayer loses ps250k stamp duty appeal

Tax | Taxpayer loses £250k stamp duty appeal

The court has ruled that the taxpayer’s use of a tax avoidance scheme was ineffective and declared that HMRC’s tax assessment of £250,000 from the purchase of a £5m property was valid

26 Jan 2022

Tax

Property Tax

Case Reports

Image for hmrc pushes ps2000 payment towards childcare costs

Tax | HMRC pushes £2,000 payment towards childcare costs

Thousands of working families in the UK could be missing out on an opportunity to get up to £2,000 a year to help with the cost of childcare, HMRC has warned parents

26 Jan 2022

Tax

Personal Tax

HMRC

Tax | HMRC u-turns on Portsmouth and East Kilbride hubs

HMRC has decided to not close its Portsmouth and East Kilbride hubs announcing that the tax authority is to remain in the towns saving 2,900 jobs

26 Jan 2022

Tax

HMRC

Business

Image for corporation tax take ps11bn december

Tax | Corporation tax take up £11bn in December

Tax receipts have risen across the board with the latest figures showing that HMRC has collected £507.7bn between April and December 2021 which is £114.1bn more than the previous year, with corporation tax up significantly

25 Jan 2022

Tax | UK spent 25m hours filing tax returns

Taxpayers spent the equivalent of two hours filing their tax returns in the last year, adding up to 25m hours of tax admin, research by Which has found

25 Jan 2022

Tax

Personal Tax

HMRC

Image for court rejects ps80k multiple dwellings relief case

Tax | Court rejects £80k multiple dwellings relief case

A tax tribunal has ruled against a claim for multiple dwelling relief of £80,000 on a £2.7m property concluding that the annexe located inside the house could not be classed as two dwellings

25 Jan 2022

Tax

Property Tax

Case Reports

Image for qa vat and renovation empty dwellings

Tax | Q&A: VAT and renovation of empty dwellings

In this week’s Q&A, Croner Taxwise VAT advisor Arti Sonpal considers whether reduced rate VAT is payable when renovating empty dwellings

25 Jan 2022

Tax | Voluntary sign ups for Making Tax Digital low

Total sign-ups for HMRC’s Making Tax Digital (MTD) for Income Tax pilot has decreased from 877 in the pilot’s first year to only 26 in the 2020-21 tax year which causes concern for accountants

24 Jan 2022

Tax | HMRC hikes demands for confidential info in tax probes

HMRC made 875 requests to professional services firms, such as tax advisers, accountants, and lawyers, for information relating to clients suspected of tax evasion in the last year

24 Jan 2022

Tax | Four million still to file ahead of self assessment deadline

A third of taxpayers are yet to submit their completed self assessment tax return and pay any tax owed ahead of the deadline on 31 January, HMRC has warned

24 Jan 2022

Tax | Taxpayer wins dispute over £19m VAT bill

The court has allowed an appeal against HMRC’s decision to refuse a taxpayer £19m VAT recovery ruling that the company did not know the relevant transactions were connected to fraud

24 Jan 2022

Tax

Business Tax

VAT

Image for scam hmrc call reports drop 97

Tax | Scam HMRC call reports drop by 97%

Reports of scam HMRC phone calls have fallen by 97% over the last 12 months, latest HMRC figures show, which display a downward trend in reports overall throughout the past year

21 Jan 2022

Tax

HMRC

Tax Compliance

Image for oecd transfer pricing guidelines updated

Tax | OECD transfer pricing guidelines updated

The OECD has released the 2022 edition of the OECD transfer pricing guidelines for multinational enterprises and tax administrations

21 Jan 2022

Tax

International Tax

Tax Compliance

Image for indirect tax and gig economy post uber vat ruling

Tax | Indirect tax and the gig economy post Uber VAT ruling

Following the latest Uber High Court decision, Sarah Delaney, director, indirect tax at EY considers the VAT implications of the case and the direction of travel for the rest of the sharing economy

20 Jan 2022

Tax

VAT

Tax Compliance