UK businesses overpaid at least £9.1bn in corporation tax in the last year (year end 31 March), up 12.4% from £8.1bn the previous year, said UHY Hacker Young
With falling numbers and tax receipts, Crowe’s Richard Bull analyses the latest non-dom figures and questions how the government could replace urgently needed tax income
In our regular Q&A series from Croner Taxwise, VAT adviser, Priyesh Mistry defines the impact of the temporary rate change on the issue of face value vouchers, when the VAT will be due and at what rate
Existing tax rules on free accommodation, meals and childcare should be axed for NHS staff who made great sacrifices to protect us all, says RSM’s Susan Ball
A taxpayer has won an appeal against penalties imposed for his failure to notify his liability for the high income child benefit charge (HICBC), on the grounds that ignorance of the law was a reasonable excuse and he was not required to ‘rummage’ through all of HMRC’s information sources
In her second article on possible pension tax relief reform, LEBC’s Kay Ingram sees greater restrictions ahead as cost of Covid-19 becomes clearer with Spring Budget changes short-lived
Accountancy firm Milsted Langdon, has joined family law organisation, Resolution, in calling for reforms to the capital gains tax (CGT) system - making it fairer and simpler by introducing a general relief for asset transfers arising for divorcing couples
As questions are raised over the future of inheritance tax, Crowe’s Tom Elliott reviews the possible options and asks whether it is a tax that should be laid to rest
HMRC has published further details on how it will implement the loan charge in relation to the use of disguised remuneration tax avoidance schemes where the tax due has not already been settled, emphasising there will be no special settlement terms
In our regular Q&A series, Croner Taxwise adviser Vivienne Cheung clarifies how gift relief can be applied when handing over an asset which has increased in value, how will this affect the capital gains tax levied on the gift?
Plea bargain deals give taxpayers immunity from criminal investigations as HMRC steps up investigations to help pay for coronavirus economic assistance
HMRC raised a record £9.5bn of capital gains tax (CGT) in 2018-19, up by 6% on the previous year, with most of the tax raised paid by the small number of taxpayers who make the largest gains
The Office of Tax Simplification (OTS) is holding a public webinar next month to mark its tenth anniversary, covering its past and future contributions to the development of tax policy