Tax

Latest news

Image for supreme court refuses hmrc appeal over ps475k tax bill

Tax | Supreme Court refuses HMRC appeal over £475k tax bill

The Supreme Court has refused an appeal by HMRC against a decision of the Court of Appeal not to require UK divorce lawyer, Raymond Tooth to pay back over £475,000 in taxes that was invested in a tax avoidance scheme

19 May 2021

Tax

Personal Tax

Case Reports

Image for super deduction criteria extended leased property

Tax | Super-deduction criteria extended to leased property

The government plans to amend the qualifying criteria for the super deduction capital allowance announced in the March Budget, extending the rules to leased properties

19 May 2021

Tax

Business Tax

Image for are you eligible capital allowances

Tax | Are you eligible for capital allowances?

There is renewed interest in capital allowances following the Budget announcement of the new temporary first-year allowances (FYAs), including the headline-grabbing super-deduction. Stephen Relf CTA ACA examines the tax breaks and potential limitations

19 May 2021

Tax | Nearly 1m taxpayers have already filed 2020/21 self assessment

Taxpayers have been getting organised with 950,000 already having completed their 2020/21 tax returns with 63,500 filing their self assessment on the first day of the tax year, HMRC has revealed

18 May 2021

Tax | New grounds of appeal allowed in IR35 dispute

Following on from the First Tier Tribunal decision in HMRC's dispute with former footballer and TV presenter Gary Linkeker, Meg Wilson, tax writer at Croner-i Navigate, examines the grounds for the appeal win

18 May 2021

Tax

Case Reports

Image for bernie ecclestones lawyer ordered pay tax ps37m gifts

Tax | Bernie Ecclestone’s lawyer ordered to pay tax on £37m ‘gifts’

HMRC has won a case against lawyer Stephen Mullens over payments totalling around £37m that he claimed were gifts

18 May 2021

Tax | Q&A: tax liability and gift of land to charity

In our weekly Q&A series, Julian Payne, tax advisor at Croner Taxwise, considers the corporation tax liability and reliefs when a business makes a significant donation to charity

18 May 2021

Tax

Business Tax

Tax Compliance

Image for draft proposals give hmrc more power tackle tax avoidance schemes

Tax | Draft proposals to give HMRC more power to tackle tax avoidance schemes

The Treasury is consulting on draft regulations that aim to give HMRC the power to take swifter action when tax avoidance scheme promoters fail to provide information on their avoidance schemes

18 May 2021

Tax

Tax Planning

Audit Consultations

Image for taxpayer wins higher rate child benefit case

Tax | Taxpayer wins higher rate child benefit case

A First Tier Tribunal (FTT) has allowed a taxpayer’s appeal against penalties for his failure to notify liability to the high-income child benefit charge (HICBC) because he had a reasonable excuse

17 May 2021

Tax

Personal Tax

Case Reports

Image for swiss life pay 774m settle us tax evasion case

Tax | Swiss Life to pay $77.4m to settle US tax evasion case

Zurich-based insurer Swiss Life Holding AG has agreed to pay $77.4m (£54.9m) to US tax authorities and has signed a deferred prosecution agreement to resolve the US case which accused the firm of helping wealthy American clients evade taxes

17 May 2021

Tax

Case Reports

Called to Account

Image for hmrc nottingham office set open early 2022

Tax | HMRC Nottingham office set to open early 2022

As part of HMRC’s national office restructuring, brand new offices in Nottingham are scheduled to open early next year and will accommodate around 4,000 government workers from HMRC and other departments

17 May 2021

Tax | Half of Irish corporation tax take at risk from US tax plans

Ireland risks losing half of its €11.8bn (£10.1bn) annual income from corporation tax if a new minimum global rate is pushed through by the US and EU

14 May 2021

Tax

Business Tax

International Tax

Image for hmrc guidance reflects changes eu vat e commerce portal

Tax | HMRC guidance reflects changes to EU VAT e-commerce portal

As the EU plans an overhaul of its VAT rules for e-commerce businesses, the UK government has published guidance updating the changes to meet with the new EU VAT e-commerce framework

14 May 2021

Tax

VAT

Tax Compliance

Image for government consults simplification vat rules land and property

Tax | Government consults on simplification of VAT rules for land and property

Complex VAT compliance rules on land and property could be simplified as the government issues a consultation on reform of the current rules to help developers

14 May 2021

Tax

VAT

Consultations

Image for how claim tax relief working home

Tax | How to claim tax relief for working from home

HMRC is reminding taxpayers to submit tax relief claims for working from home due to coronavirus during 2021/22 via the easy to use online portal

14 May 2021

Tax

Personal Tax

HMRC

Image for clampdown promoters nic avoidance schemes planned

Tax | Clampdown on promoters of NIC avoidance schemes planned

The government has published proposals to crack down on the promoters of tax avoidance schemes based on abuse of National Insurance contributions (NICs)

13 May 2021