Tax

Latest news

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Tax | Thousands of teenagers missing out on Child Trust Fund cash

HMRC is urging young people to check if they have a surprise savings pot in the shape of a Child Trust Fund (CTF), the government savings scheme for children

7 Sep 2021

Tax

HMRC

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Tax | Q&A: tax liability on state pensions

In our weekly Q&A series, Suzanne Rowland, tax adviser at Croner Taxwise, considers whether tax is payable on a state pension and compliance with self assessment

7 Sep 2021

Tax | Eclipse Film Scheme investors offered settlement opportunity

HMRC plans to give investors in the Eclipse Film Scheme the chance to resolve outstanding tax bills, accepting that the original £1.6bn tax bill would not be recovered

7 Sep 2021

Tax | HMRC faces repayment of potential £45m of follower notice penalties

HMRC may have to repay tens of millions in follower notice penalties issued to taxpayers, after a key decision in the Supreme Court last month cast doubt on their legitimacy

7 Sep 2021

Tax | European banks shift £17.5bn to tax havens

The main European banks book 14% of their total profits in tax havens each year despite the introduction of mandatory information disclosure through country by country reporting

6 Sep 2021

Tax | Over half of medium-sized businesses delay adopting IR35 rules

More than half of mid-sized businesses do not have a formal process in place to track off payroll workers for IR35 compliance, according to research released by BDO

6 Sep 2021

Tax

Employment Tax

Tax Compliance

Tax | End of furlough set for 30 September

HMRC has updated the guidance covering the Coronavirus Job Retention Scheme (CJRS) to include a section on what happens when the scheme ends

6 Sep 2021

Tax | Helping clients claim self-employed income support scheme (SEISS)

Sudesh Sud, CEO and founder of digital tax software at Apari discusses the role accountants can play in helping clients claim for the self-employed income support scheme (SEISS) and eligibility criteria

6 Sep 2021

Tax | HMRC secures rare 100% success rate in court cases

In the last three months HMRC has won 100% of its criminal cases which is up from an overall 88% success rate for 2019-20

6 Sep 2021

Tax | Scrap self-assessment tax reforms says ICAEW

The Institute of Chartered Accountants in England and Wales (ICAEW) has called for the government to drop the self-assessment tax reform plans as it ‘will likely create as many problems as it might solve’

3 Sep 2021

Tax | Being paid in cryptocurrency will not provide tax loophole

Being paid in cryptocurrency will not provide a tax saving or tax loophole in the UK confirms tax and advisory firm Blick Rothenberg

3 Sep 2021

Tax | Eight out of 10 plumbers at risk of Making Tax Digital penalties

New figures reveal that two-fifths, 41%, of plumbers are unaware of the impending Making Tax Digital (MTD)

3 Sep 2021

Tax | HMRC help towards childcare costs this September

HMRC has issued a reminder to families that are eligible for tax-free childcare that they can use the scheme to help with their childcare costs as children go back to school

2 Sep 2021

Tax

Personal Tax

HMRC

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Tax | Judicial review rejected in £1.8m loan charge repayment case

The High Court has dismissed to grant a judicial review of a decision by HMRC to refuse to give a taxpayer assurance that he would not be taxed if he ‘rescinded’ repayments of loans to an Employee Benefit Trust (EBT)

2 Sep 2021

Tax

VAT

Case Reports

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Tax | Filing deadlines: September – December 2021

In our handy guide to tax filing deadlines, we provide an at-a-glance guide to key dates from the deadline for corporation tax second quarterly instalment payment for very large companies and final claims for coronavirus job retention scheme

2 Sep 2021

Tax | Why multiple dwellings relief is a hard hurdle to leap

Zigurds Kronbergs, senior tax writer at Croner-i, looks at recent Tribunal decisions dismissing claims for multiple-dwellings relief from stamp duty land tax and considers ways to use the tax rules to gain advantage

2 Sep 2021

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Tax Services

Latest news

Tax | Thousands of teenagers missing out on Child Trust Fund cash

Tax | Q&A: tax liability on state pensions

Tax | Eclipse Film Scheme investors offered settlement opportunity

Tax | HMRC faces repayment of potential £45m of follower notice penalties

Tax | European banks shift £17.5bn to tax havens

Tax | Over half of medium-sized businesses delay adopting IR35 rules

Tax | End of furlough set for 30 September

Tax | Helping clients claim self-employed income support scheme (SEISS)

Tax | HMRC secures rare 100% success rate in court cases

Tax | Scrap self-assessment tax reforms says ICAEW

Tax | Being paid in cryptocurrency will not provide tax loophole

Tax | Eight out of 10 plumbers at risk of Making Tax Digital penalties

Tax | HMRC help towards childcare costs this September

Tax | Judicial review rejected in £1.8m loan charge repayment case

Tax | Filing deadlines: September – December 2021

Tax | Why multiple dwellings relief is a hard hurdle to leap