Tax | Bunny Hall loses tax case over £500k land dispute

The First Tier Tribunal has dismissed an appeal against HMRC over the amount of income tax on trade profits and capital gains tax paid on plots of land sold on the estate of a listed building

11 Aug 2021

Tax

Property Tax

Case Reports

Tax | 1,000 extra civil servants to move to HMRC’s Leeds hub

An extra 1,000 civil servants from across seven government departments and agencies will move into HMRC’s new Leeds hub over the next few months

10 Aug 2021

Tax

HMRC

Business

Tax | Q&A: principal private residence relief claims

In our regular Q&A series, Croner Taxwise tax adviser Marsha Haywood examines the impact of principal private residence relief (PPR) on a sale of a property held in a trust

10 Aug 2021

Tax

Personal Tax

Property Tax

Tax Compliance

Tax | 1.8 million couples claim marriage allowance

Nearly 1.8 million married couples and those in civil partnerships have signed up for the marriage allowance to save up to £252 a year in income tax

10 Aug 2021

Tax

Personal Tax

Tax | Moving to the tax year basis: what does it mean

Stephen Relf, CTA, FCA, lead tax writer at Croner-i, examines the impact of the government’s plans to change the taxation year for sole traders and partnerships

10 Aug 2021

Tax

Business Tax

HMRC

Consultations

Tax | Court of Appeal rules for Ingenious over trading issue

In the long-running Ingenious court case over the use of tax avoidance schemes, the Court of Appeal has ruled against HMRC over two of key issues at stake, including trading with a view to profit 

9 Aug 2021

Tax

Case Reports

| Office summer parties should get tax break

Blick Rothenberg is calling on HMRC to relax strict staff entertaining rules for employees to help kick start the return back to the office after the Covid-19 pandemic 

6 Aug 2021

Tax

Business

Companies

Tax | Taxpayers ‘daunted’ by HMRC self assessment checks

Self assessment taypayers are wary of receiving letters about random checks to their tax status, finds the latest HMRC research into communications with the public

6 Aug 2021

Tax

Personal Tax

HMRC

Tax | Capital gains tax take hits £10bn

 The capital gains tax (CGT) paid on the sale of investments and second homes has reached an all-time high of almost £10bn official figures released by HMRC show

6 Aug 2021

Tax

Personal Tax

Property Tax

Tax | Super-deduction extension will benefit property landlords

Property landlords can now take advantage of the most attractive tax incentive for business investment ever offered by the British government, but they need to move fast, according to financial advisers Old Mill

5 Aug 2021

Tax

Business Tax

Tax Planning

Tax | Stamp duty on property sales hits £2.8bn

The end of the stamp duty land tax (SDLT) holiday on 30 June for the £250,000 to £500,000 price banding caused a substantial rise in the number of transactions completed in June as purchasers tried to complete to avoid paying additional stamp duty

5 Aug 2021

Tax

Property Tax

Tax | What would CGT reform mean for UK entrepreneurs?

Despite talk of reforming capital gains tax, the March Budget swerved the issue, but the autumn statement may give the Chancellor the opportunity to tighten the rules, argue Eddie Bines and Greg Pollock from restructuring specialists Kroll

5 Aug 2021

Tax

Business Tax

Personal Tax

Tax | Employers ‘named and shamed’ for paying less than minimum wage

The government has named and shamed 191 employers who have underpaid workers, including major household names, as companies failed to pay £2.1m to over 34,000 workers due the national minimum wage 

5 Aug 2021

Tax

HMRC

Business

Companies

Tax | £1.9m VAT fraudster jailed for five years

A fraudster who stole nearly £1.9m of taxpayers’ money to fund a lavish lifestyle, including buying three Spanish villas, has been jailed for five and a half years

5 Aug 2021

Tax

VAT

Called to Account

Tax | HMRC closes tax avoidance investigation unit

 HMRC has closed the specialist Family Investment Company Unit after finding no evidence of a correlation between the use of family investment companies (FIC) and non-compliant behaviour

4 Aug 2021

Tax

Personal Tax

HMRC