Tax

Personal Tax

Image for global tax agreement moves ahead

Tax | Global tax agreement moves ahead

Chancellor Rishi Sunak has hailed global cooperation after 136 countries have agreed to the new system to ensure that large multinationals pay the right tax

11 Oct 2021

International Tax

Tax | Ireland corporate tax to rise to 15%

Ireland’s 12.5% corporate tax rate is to be increased to 15%, finance minister Paschal Donohoe has confirmed

8 Oct 2021

International Tax

Image for court dismisses ps26k rd tax credit

Tax | Court dismisses £26k R&D tax credit

The Court has dismissed a claim that expenditure of £26,050 fell under research and development (R&D) and has ordered the business to pay it back

8 Oct 2021

Case Reports

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Tax | Treasury kicks off Darlington recruitment drive

The government has started a recruitment drive for roles at the new economic campus in Darlington, which will see Treasury staff relocated outside of London base to its first regional office

8 Oct 2021

Politics

Careers

Image for hmrc clarifies self supply charge vat rules

Tax | HMRC clarifies self-supply charge VAT rules

HMRC has revised the meaning of ‘entire interest’ for the purposes of the self-supply charge following the ruling in the Balhousie case at the Supreme Court, which could be a welcome clarification for charities

7 Oct 2021

Tax | London landlords avoid tax the most in UK

London commuter towns make up all the top five hotspots for tax avoidance by buy-to-let landlords in the UK according to analysis by UHY Hacker Young

7 Oct 2021

Personal Tax

Image for tory co chair benefited ps120k tax credits

Tax | Tory co-chair benefited from £120k tax credits

The Pandora Papers revealed that Conservative party co-chairman Ben Elliot jointly owned a secret offshore film financing company that indirectly benefited from more than £120,000 of UK tax credits

6 Oct 2021

Tax | High income child benefit charge needs to rise says LITRG

The Low Income Tax Reform Group (LITRG) calls for the high-income child benefit charge (HICBC) threshold to rise as its £50,000 threshold is ‘untenable’

6 Oct 2021

Personal Tax

Image for qa tax relief when selling business and shareholding diluted

Tax | Q&A: tax relief when selling business and shareholding diluted

In this week’s Q&A, Croner Taxwise adviser David Lawson considers the capital gains tax liability under business asset disposal relief rules when a shareholding has been diluted and a business is sold

5 Oct 2021

Image for blairs saved ps312k stamp duty property deal

Tax | Blairs saved £312k stamp duty in property deal

Former Prime Minister Tony Blair and his wife Cherie Blair avoided paying £312,000 in stamp duty land tax (SDLT) on the purchase of a London property by acquiring an offshore company that owned it the Pandora papers revealed

4 Oct 2021

Property Tax

Tax | HMRC to probe ‘Pandora Papers’

Chancellor Rishi Sunak has announced that HMRC will examine the 12m documents in the ‘Pandora Papers' for evidence of tax avoidance in the UK

4 Oct 2021

Tax | Is it possible to close the tax gap?

As the annual tax gap stays stubbornly around the 5% mark, Anthony Lampard, director at Andersen in the UK, examines the latest figures and asks whether HMRC can really close the gap

4 Oct 2021

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Tax | Filing deadlines: October - December 2021

In our handy guide to tax filing deadlines, we provide an at-a-glance guide to key dates from the deadline for notifying chargeability for income tax and capital gains tax to final claims for coronavirus job retention scheme

4 Oct 2021

Tax | R&D tax claims hit £7.4bn

The latest HMRC data shows that UK businesses spending on research and development (R&D) reached a record high of £47bn with claims for tax relief reaching £7.4bn in 2019-20

4 Oct 2021