Tax

Latest news

Image for calls reform thousands savers caught pensions tax trap

Tax | Calls for reform as thousands of savers caught in pensions tax trap

The amount of tax charged for people breaching the lifetime allowance (LTA) and annual allowance (AA) limits rose to an eye-watering £283m for the tax year 2018 to 2019

1 Jul 2021

Tax | Tax for owner managed businesses – CPD module

In this month's exclusive Accountancy Daily CPD module, we cover a high level review of some of the tax issues for owner managed businesses (OMB) over their lifecycle, from the beginning, to expansion, exit or family succession planning

1 Jul 2021

Tax | VAT updates: July 2021

In this month’s VAT updates, Graham Elliott, explains the latest policy clarification on zero rating for foods, mixed messages over supply of electricity at charging points for electric cars and Poundland win over retail scheme dispute

1 Jul 2021

Tax

VAT

HMRC

Tax | Filing deadlines: July 2021

In our handy guide to tax filing deadlines, we provide an at-a-glance guide to key dates from deadline for applying for a PAYE Settlement Agreement (PSA) to VAT returns and payments due for quarter ended 31 May 2021

1 Jul 2021

Tax | HMRC-branded phishing scams surge despite protections

The number of HMRC-branded phishing scams surged 87% in the past 12 months, according to the latest revealed figures

30 Jun 2021

Tax | Business rates support to shrink for thousands of covid-hit firms

Thousands of businesses across the UK are preparing to restart property tax payments as the current £13.8bn business rates holiday is cut today

30 Jun 2021

Tax | Stamp duty holiday pushes 1.8m houses into a higher land tax bracket

Intense market activity over the last 12 months has accelerated house price growth, pushing 1.8m UK properties into a higher stamp duty bracket

30 Jun 2021

Tax | HMRC's IR35 CEST tool leaves over 200k workers ‘in limbo’

Data published by HMRC show that the tax authority’s IR35 status checker tool determined that 210,000 workers were labelled as ‘undetermined’ when figuring out their employment status

29 Jun 2021

Tax | Q&A: tax, pensions and the tapered annual allowance

In our regular Q&A series, Kabita Tank, tax adviser at Croner Taxwise, considers the tax liabilities on pensions and the taper rules affecting the annual allowance charge

29 Jun 2021

Tax | LITRG urges HMRC to intervene in sneaky ‘deeds of assignments’

The Low Incomes Tax Reform Group (LITRG) urges HMRC to intervene as more and more people, that have used a tax refund company, are discovering that they trapped in a ‘deed of assignment’ when trying to claim their tax refund

29 Jun 2021

Tax | HMRC wins case concerning £79k input tax credit

HMRC has won an appeal to the Upper Tribunal (UT) against the First Tier Tribunals’ decision that HMRC was not entitled to deny or restrict, Hi-Octane Import's input tax credit claim of over £79k in respect of any purchases from Q Autos Limited (QAL)

29 Jun 2021

Tax | LITRG releases guidance on how SIESS is taxed

In response to messages from confused taxpayers, the Low Incomes Tax Reform Group (LITRG) has published guidance on exactly how SEISS grants are taxed

28 Jun 2021

Tax | CIOT calls to put umbrella companies in ‘wider definition’ of tax advice

The Chartered Institute of Taxation (CIOT) calls on the government to include non-compliant umbrella companies and providers of tax software in their plans to improve the standard of the tax advice market

25 Jun 2021

Tax | Poundland wins £2.15m HMRC VAT case

The high street retailer Poundland has won a £2.15m VAT case against HMRC regarding a stock adjustment dispute on the group’s switch from its old bespoke retail scheme

25 Jun 2021

Tax | Businesses need to be careful when dealing with HMRC over debt calls

Jessica McLellan, tax risk & dispute resolution partner at City-based accountancy firm, Wilson Wright, warns that HMRC’s softer approach to debt collection can still leave companies facing problems if they have ongoing disputes with HMRC

24 Jun 2021

Tax

Business Tax

HMRC

Image for cryptoassets individuals what are tax implications

Tax | Cryptoassets for individuals – what are the tax implications?

Stephanie Webber, tax writer at Croner-i, explains the tax implications of owning cryptoassets, valuation challenges and how to comply with the latest tax rules

23 Jun 2021

Tax

Personal Tax

Tax Compliance

Navigate

Tax Services

Latest news

Tax | Calls for reform as thousands of savers caught in pensions tax trap

Tax | Tax for owner managed businesses – CPD module

Tax | VAT updates: July 2021

Tax | Filing deadlines: July 2021

Tax | HMRC-branded phishing scams surge despite protections

Tax | Business rates support to shrink for thousands of covid-hit firms

Tax | Stamp duty holiday pushes 1.8m houses into a higher land tax bracket

Tax | HMRC's IR35 CEST tool leaves over 200k workers ‘in limbo’

Tax | Q&A: tax, pensions and the tapered annual allowance

Tax | LITRG urges HMRC to intervene in sneaky ‘deeds of assignments’

Tax | HMRC wins case concerning £79k input tax credit

Tax | LITRG releases guidance on how SIESS is taxed

Tax | CIOT calls to put umbrella companies in ‘wider definition’ of tax advice

Tax | Poundland wins £2.15m HMRC VAT case

Tax | Businesses need to be careful when dealing with HMRC over debt calls

Tax | Cryptoassets for individuals – what are the tax implications?