Tax

Image for notification uncertain tax treatment large businesses

Tax | Notification of uncertain tax treatment by large businesses

Meg Wilson, tax writer at Croner-i, examines the draft legislation to require large businesses to notify HMRC where they have adopted an uncertain tax treatment

25 Aug 2021

Consultations

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Tax | Creative industry given £1.31bn tax boost

The creative industry has continued to reap the benefits of generous tax breaks for films and television during the pandemic with relief claims up by nearly 20% in the last year

25 Aug 2021

Tax Planning

Image for radio ads hmrc register highest recognition

Tax | Radio ads for HMRC register highest recognition

Radio advertising was the most effective medium for HMRC when promoting awareness of self assessment deadlines and changes to payment terms

24 Aug 2021

Personal Tax

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Tax | HMRC issues guidance on extended loss relief

Following the announcement at the Budget in March, HMRC has released guidance on the temporary changes to the carry back rules providing extended loss relief on trading losses

24 Aug 2021

Image for stamp duty holiday not behind house price rise

Tax | Stamp duty holiday not behind house price rise

The stamp duty land tax (SDLT) holiday is not behind the 13.2% rise in house prices over the last 12 months, claims research by the Resolution Foundation

24 Aug 2021

Property Tax

Business

Image for qa reduced rate vat camper van hire

Tax | Q&A: reduced rate VAT on camper van hire

In this week’s Q&A, Croner Taxwise VAT advice consultant Sally Atkins considers whether reduced rate VAT applies to camper van hire

24 Aug 2021

VAT

Image for ciot issues warning about stamp duty refund claims

Tax | CIOT issues warning about stamp duty refund claims

The Chartered Institute of Taxation (CIOT) is urging property buyers to be wary of companies offering help with stamp duty land tax (SDLT) refunds as they can often be ‘too good to be true’

23 Aug 2021

Property Tax

HMRC

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Tax | Changes to late payment penalty regime for taxpayers

HMRC has clarified changes to the late payment penalty scheme which will start to come into force from April 2022

23 Aug 2021

HMRC

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Tax | Accounting bodies call for delay to basis reporting

Five UK tax and accounting bodies have urged the government to delay reforms to the tax system which would affect how self-employed people and businesses report their profits

23 Aug 2021

Tax | HM Courts hit with £12.5m tax bill over IR35 errors

HM Courts & Tribunal Service has had to pay a £12.5m tax bill to HMRC due to mistakes made when determining the IR35 status of contractors

23 Aug 2021

Employment Tax

HMRC

Image for tax fraudster has 10 years added sentence

Business | Tax fraudster has 10 years added to sentence

A businessman who stole more than £108m in what has been coined as Britain’s biggest ever tax fraud has been jailed for another ten years after failing to pay back £11m

23 Aug 2021

Called to Account

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Tax | Impact of Covid-19 pandemic on transfer pricing

Previously accepted comparables used for establishing a company's transfer pricing policy might not be comparable due to the impact of the pandemic, warn David Whitmer, transfer pricing practice leader and Srinidhi Tuppal, transfer pricing manager at Kreston Global

23 Aug 2021

Tax | Chip shop owner banned after failing to declare £460k in tax

A Welsh fish and chip shop owner has been issued a ban for five years from the Insolvency Service after failing to declare £459,522 in VAT over the course of five years

20 Aug 2021