Angela Robson, tax consultant at Croner Taxwise, outlines and explains what penalties will apply to individuals who failed to file their self assessment tax return before the 31 January deadline

HMRC and the Treasury have issued a 12-week consultation looking at how a 1% increase to stamp duty land tax (SDLT) for non-UK residents, including companies and trusts, purchasing residential property would work, with proceeds of the surcharge going towards measures to tackle rough sleeping

With less than 50 days to go until Making Tax Digital for VAT becomes mandatory for businesses registered for VAT, HMRC has confirmed that companies will be able use a 'cut and paste' approach during the one-year soft landing before companies need to use digital links 

Accurate probate values are key to assessing inheritance tax (IHT) liabilities on farms, especially when they include development potential or working machinery. Julie Butler FCA, partner at Butler & Co explains the tax implications

The government should consider simplifying its planned structures and buildings allowance (SBA) designed to encourage investment in the construction and renovation of commercial buildings, as the current proposals are too complex, CIOT has said

Edinburgh is set to become the first UK local authority to introduce a ‘tourist tax’ after councillors agreed a proposal for a Transient Visitor Levy (TVL) scheme, which could be introduced next year if it wins approval by the Scottish government

Probate fees are set to be hiked up to £6,000 for the largest estates as the government plans to overhaul the death tax from April 2019, a measure delayed from 2017 due to the early general election

As couples around the UK get ready for Valentine’s Day, for those wondering whether this is the moment to ‘pop the question’, the ICAEW says that while it may not be the most romantic reason to propose, getting married or entering a civil partnership could have tax benefits

HMRC has issued a warning about so-called ‘phoenixism’ tax avoidance schemes that try to avoid an income tax charge for shareholders on distributions when winding up a company, and has detailed reasons why attempts to get around the new rules will not work

The ever daunting volume of tax code leaves taxpayers confused and liable to be caught out by ever more arcane tax rules. Yvette Nunn CTA, founder of Berkeley Associates, gives a candid view of some of the more complex tax traps from compliance with non residential CGT to the risks of falling foul of the annual allowance when saving for a pension 

Middlesbrough football club has been cleared of failing to pay staff the national minimum wage (NMW), after winning its case against HMRC at an employment tribunal, which found that the deductions made at the request of the employees to spread the payments for season cards were permitted under the legislation

Harry Potter star Rupert Grint has failed in his latest attempt to claim a £1m tax refund, after an Upper Tribunal ruled the actor was not able to change his accounting date in the way he had intended, because his accounting records did not support the necessary requirements