HMRC repaid over £30m to pension savers who had been taxed incorrectly on lump sum withdrawals in the last quarter of 2018, while the total paid back since the start of pension freedoms in April 2015 now tops £400m, prompting calls for a change in approach
The Charity Commission is urging trustees to ensure charities are getting ready for the implementation of Making Tax Digital for VAT, which starts on 1 April
A taxpayer claiming £1m in tax relief in respect of a £1m capital loss arising from investment in the ‘Excalibur’ tax scheme has lost his appeal at an Upper Tribunal, opening the way for HMRC to reclaim an estimated £155m in tax from other scheme members
Download the HMRC CGT indexation allowance for December 2017 onwards, RPI Index for December 2018 and HMRC rates of interest, and the current stamp duty land tax (SDLT) and land and buildings transaction tax (LBTT) rates, and more
The OECD is to push for global agreement on a new approach to corporate taxation to meet the challenges arising from digitalisation of the economy, which would include revisions to the arm’s length principle and a focus on taxing profits where they are derived, with the aim of introducing new rules by 2020
Mark Cawthron, tax writer at Croner-i, looks at how prospective purchasers of flats off-plan, and developers offering such flats, might think about reacting to the decision in the recent case of Higgins, with a view to seeking to mitigate or remove such difficulty
As this week reveals the UK’s top taxpayers, George Bull and Andrew Hubbard at RSM, consider how attitude has switched over the years with the highest earners publicly stating how much tax they pay and the US proposing a super-tax on multi-millionaires
HMRC has issued basic guidance on how to complete 2017-18 forms P11D returns for PAYE internet submissions, expenses and benefits, and stressed compliance with 2017 rule change to salary sacrifice arrangements
The UK small business community is collectively spending 15% more on taxes, levies and employment obligations compared to 2011, according to the latest impact of government policy index (IGPI), compiled by the Centre for Economics and Business Research (Cebr) for the Federation of Small Businesses (FSB)
In our regular Q&A series, Croner Taxwise tax adviser Amaira Badat explains how to declare foreign employment income on self assessment tax returns if an individual has worked outside the UK for several months
With four days left before the January self assessment deadline, there are at least 50 UK-based taxpayers who have paid in excess of £12m each to HMRC in the past year, according to a listing by the Sunday Times
The public has greater trust in professionals, including accountants and tax advisers, than in politicians and non-government organisations (NGOs), when it comes to tax systems but the increasing complexity of tax systems comes in for criticism across G20 countries
Tax advisory revenues globally have hit $20bn (£15.2bn), up by 8.6%, with the UK market set to grow faster than any other European country in 2019 with Brexit driving growth, according to analysis from Source Global Research
After the longest US government shutdown ever, President Trump has finally given in to pressure and re-opened government, allowing the resumption of full Internal Revenue Service (IRS) for taxpayers before the April tax filing deadline