Tax | DWP faces £87m tax bill due to IR35 failings

The Department for Work and Pensions (DWP) has paid £87.9m to HMRC after a review of its IR35 compliance procedures revealed that it had incorrectly assessed the employment status of its contractors

27 Jul 2021

Tax

Business Tax

Employment Tax

HMRC

Tax | Billionaires lose £4m stamp duty land tax case

The billionaire brothers, Christian and Nicholas Candy have lost their stamp duty land tax (SDLT) battle against HMRC at the Upper Tribunal and have been ordered to pay almost £4m tax on their £68m property purchase

27 Jul 2021

Tax

Property Tax

Case Reports

Tax | Check payment on account tax bills, warns LITRG

The Low Incomes Tax Reform Group (LITRG) is reminding self-assessment taxpayers that the second payment on account for 2020-21 is due for payment by 31 July 2021

27 Jul 2021

Tax

Personal Tax

Tax Compliance

Tax | Q&A: VAT liability and childcare centres

In our regular Q&A series, Croner Taxwise senior VAT adviser Vivienne Scott considers the VAT exemption rules on childcare centres

27 Jul 2021

Tax

VAT

Tax | HMRC issues warning to tax credit claimants ahead of renewal deadline

 HMRC has issued a warning to 300,000 tax credit customers that they have less than a week to update applications or they risk their financial support being stopped

26 Jul 2021

Tax

Personal Tax

HMRC

Tax | Income tax take for Scotland and Wales rises

The total amount of income tax paid in Scotland was £11.8bn, up 2.4% from the previous year and in Wales the tax take was £4.6bn, 2019-20 figures from HMRC reveal

23 Jul 2021

Tax

Business Tax

Employment Tax

Personal Tax

Tax | Meat tax could cost UK £242m a year

A meat tax would cost the UK around £242m a year according to a new study and the savings resulting from reduced climate emissions is estimated at £100m per year

23 Jul 2021

Tax

Business Tax

Tax | LITRG urges government to tackle low-income pension ‘injustice’

The Low Incomes Tax Reform Group (LITRG) announced its disappointment in the government for the lack of progress towards rectifying net pay pension schemes that sees an estimated 1.5m low-income workers paying a 25% penalty for their pension savings

22 Jul 2021

Tax

Personal Tax

Pensions

Tax | ATT call to delay major change to how profits are taxed

The Association of Taxation Technicians (ATT) is calling for a delay to a major change in how trading profits are assessed for tax purposes, as well as appealing for more consultation time and a clear roadmap leading up to the proposed introduction of the proposals

22 Jul 2021

Tax

Making Tax Digital

Business Tax

Tax Compliance

Tax Planning

Tax | Tribunal rules NICs due on bonuses worth £1m

The Upper Tribunal has ruled in line with a First Tier Tribunal decision which found that the bonuses senior employees at Charles Tyrwhitt received were derived from employment and were subject to Class 1 National Insurance contributions (NIC)

22 Jul 2021

Tax

Business Tax

Case Reports

Tax | Online sellers in China want HMRC to translate tax guidance

In the latest HMRC research report, Chinese online sellers reported a reasonable knowledge of UK tax rules, but wanted to see more guidance and information available in Chinese to improve awareness levels

22 Jul 2021

Tax

HMRC

Tax Compliance

Tax | Scottish tycoon jailed for £300k tax fraud

 A Scottish business tycoon was sentenced to 16 months in prison after stealing nearly £300,000 from HMRC in fraudulent VAT claim repayments

22 Jul 2021

Tax

VAT

Case Reports

Tax | Tribunal rules against newsagent over £140k tax dispute

The Upper Tribunal ruled in favour of HMRC against a corner shop owner who had undeclared £140,000 worth of VAT on sales

21 Jul 2021

Tax

VAT

Case Reports

Tax | Plans to change tax status for asset holding companies

Following consultation, the government has set out details of the forthcoming regime for asset holding companies (AHCs) to encourage inward investment by changing tax liability

21 Jul 2021

Tax

Business Tax

International Tax

Consultations

Tax | Making Tax Digital can cost over £400 to implement

The average cost of implementing Making Tax Digital for VAT is estimated at £411, while digital reporting has reduced the number of errors, according to the latest user research from HMRC

21 Jul 2021

Tax

Making Tax Digital