Tax | CIOT concerned about the timeframe for cladding tax

The Chartered Institute of Taxation (CIOT) is concerned at how the Government is going to successfully develop and introduce the Residential Property Developer Tax (RPDT) for April 2022, considering the small timescale

4 Aug 2021

Tax

Property Tax

Tax | Court ruled that taxpayer was estopped in £701k tax case

The Supreme Court overturned the Court of Appeal’s decision that a taxpayer was not estopped from denying that a valid inquiry had been opened into his tax return which declared he owed HMRC £701,990.96, even though the inquiry was sent to the wrong address

4 Aug 2021

Tax

HMRC

Case Reports

Tax | Tax fraudster ordered to repay £5.5m

A North East Engineering company boss who was jailed for eight years for tax fraud in 2018 has been ordered by the court to pay back around £5.5m within three months or face 10 years in prison

3 Aug 2021

Tax

Employment Tax

VAT

Called to Account

Tax | Q&A: stamp duty land tax (SDLT) additional rate

In our regular Q&A series, Croner Taxwise tax adviser Patrick O’Brien, considers the rules around the additional rate of stamp duty land tax (SDLT) when purchasing secondary residential properties

3 Aug 2021

Tax

Property Tax

Tax Compliance

| HMRC claws back £464m of tax breaches in football

HRMC has collected £464m back from football clubs, players, and agents by reaching settlements on allegedly unpaid taxes after a six-year probe into the sport

2 Aug 2021

Tax

Business

Companies

Tax | Elite HMRC unit secured 67 years of prison time for tax evaders

 HMRC’s elite Offshore, Corporate, and Wealthy (OCW) Unit secured convictions totalling 67 years last year which is nearly treble the total of just 23 years secured the year earlier 

2 Aug 2021

Tax

Business Tax

Employment Tax

Personal Tax

International Tax

HMRC

Tax | VAT updates: August 2021

In this month’s round-up of VAT cases, Graham Elliott examines the major VAT rulings including zero rating on residential new build in CMJ to separate supply issues in Black Cab Services case

2 Aug 2021

Tax

VAT

Case Reports

Tax | Filing deadlines: August – December 2021

In our handy guide to tax filing deadlines, we provide an at-a-glance guide to key dates from the deadline for Coronavirus job retention scheme August 2021 claims to the corporation tax second quarterly instalment payment

2 Aug 2021

Tax

HMRC

Tax Compliance

Tax | HMRC warns taxpayers over third party loan charge claims

HMRC has issued guidance for taxpayers affected by the loan charge whose loans have been sold to third parties which are now demanding repayments

30 Jul 2021

Tax

Personal Tax

HMRC

Tax Compliance

Tax | Inheritance tax take hits £5.4bn

The amount of inheritance tax raised during tax year 2020-21 has increased by 4% to £5.4bn, up £190m year on year, although the amount of money offset for charitable donations has declined over the same period

30 Jul 2021

Tax

Personal Tax

Tax Planning

Tax | Fifth SEISS grant opens for applications

HMRC has confirmed that applications for the fifth grant for Self Employment Income Support Scheme is now open for online submissions

29 Jul 2021

Tax

Personal Tax

Tax Compliance

Business

Companies

Tax | Marston's says tax cut should stay to aid recovery

Pub group Marston’s has joined industry peers and is calling on the government to make the Covid-19 VAT tax relief permanent to help the hospitality sector bounce back after the pandemic

29 Jul 2021

Tax

VAT

Business

Companies

Tax | FIL ruling allows statutory interest claim

In the long running case on Franked Investment Income (FIL) Group, the Supreme Court has ruled that double tax relief provisions should be ignored in the settlement process. 

28 Jul 2021

Tax

Case Reports

Tax | Growth of global remote working could hit UK tax take

The government’s tax take could be seriously diminished as workers fail to return to the UK, people in the south of England look for a better lifestyle and move abroad, and foreign nationals based here cut down their time in the UK, says tax and advisory firm Blick Rothenberg

28 Jul 2021

Tax

Employment Tax

Tax Compliance

Tax | HMRC clarifies penalty scheme for deferred VAT

HMRC has confirmed that the penalty regime for non-payment of VAT due to the deferred VAT scheme introduced at the start of the pandemic is now in place

28 Jul 2021

Tax

VAT

Business

Companies