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Tax | Scottish government may extend LBTT stamp duty reliefs

The Scottish government is to consider the introduction of land and buildings transaction tax (LBTT) relief for investors such as pension funds and insurance companies in Scottish property, in a move welcomed by the accountancy profession

3 Aug 2018

Tax | Property income allowance gives £1,000 tax relief

Property owners who receive an income from rent could be missing out on a recently introduced tax-free allowance potentially worth hundreds of pounds provided they have low rental income

3 Aug 2018

Tax | HMRC updates Gift Aid guidance for charities

HMRC has issued revised guidance for charities on how the tax system operates, Gift Aid compliance and details about compliance with the General Data Protection Regulations (GDPR) when it comes to donor records

2 Aug 2018

Tax | HMRC performance sees revenue and cost improvements

The latest figures from HMRC on its performance show some improvement in revenue collected and cost savings over the previous year’s quarter, but response times at its call centres have deteriorated alongside a drop in customer satisfaction

2 Aug 2018

Tax | EU court rules payment service providers must pay VAT

Companies that collect instalment payments for other organisations are not exempt from paying VAT, according to the judgment in the DPAS case by the Court of Justice of the European Union (CJEU)

1 Aug 2018

Tax | Big businesses stung by DPT liabilities

Businesses are paying more tax than anticipated under the government’s diverted profits tax (DPT), possibly as a result of companies being over-cautious, according to a leading international law firm

1 Aug 2018

Tax | HMRC issues offshore income ultimatum

HMRC has issued taxpayers with a warning about the new Requirement to Correct legislation governing income or profits from overseas assets, which comes into force on 30 September

1 Aug 2018

Tax | Accountants slam Rent a Room test

Accountants have criticised government plans to introduce a rule that means the owner has to be living in the property in order to qualify for tax relief for renting out a room in their house

1 Aug 2018

Tax | Employment tax updates: August 2018

Jackie Hall ACA CTA, partner at RSM on the National Living Wage under review, Finance Bill measures affecting employers, professional subscriptions

1 Aug 2018

Tax | VAT updates: August 2018

Graham Elliott, VAT expert at City & Cambridge Consultancy on place of supply issue at stake in Hutchison case, housing renovation under 10-year rule, claiming VAT where not charged by the supplier in Zipvit

1 Aug 2018

Tax | Tax updates: August 2018

This month's review of tax cases and tax news including penalties for Making Tax Digital disclosed, Supreme Court dismisses JP Whitter’s CIS status appeal, decision upheld on ‘source’ of interest payments, insurance costs pulled into OpRA rules on company cars

1 Aug 2018

Tax | Child trust fund providers must submit annual return, warns HMRC

HMRC has issued a reminder to child trust fund (CTF) account providers to ensure that they submit an annual return of information for all accounts even if they missed the original deadline

31 Jul 2018

Tax | IHT receipts hit £5.2bn as property prices soar

The latest government statistics, published today, show an increase in revenue from inheritance tax (IHT) as estates grew in value due to rising property prices

31 Jul 2018

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Image for stamp duty cut costs government ps284m

Tax | Stamp duty cut costs government £284m

Around 121,500 first time buyers have saved a total of £284m after the government dropped stamp duty payments on properties costing up to £300,000, according to official statistics

31 Jul 2018

Tax | Inheritance tax form 407 updated

HMRC has provided revised guidance on the use of inheritance tax (IHT) form 407 to assess potential tax liabilities on household and personal goods

31 Jul 2018

Tax | Loan scheme tax loophole closed

HMRC has moved to close a tax loophole that replaced income with loans, and warns against misleading advice from financial advisers that such schemes are still an acceptable way to avoid paying tax

31 Jul 2018

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Latest news

Tax | Scottish government may extend LBTT stamp duty reliefs

Tax | Property income allowance gives £1,000 tax relief

Tax | HMRC updates Gift Aid guidance for charities

Tax | HMRC performance sees revenue and cost improvements

Tax | EU court rules payment service providers must pay VAT

Tax | Big businesses stung by DPT liabilities

Tax | HMRC issues offshore income ultimatum

Tax | Accountants slam Rent a Room test

Tax | Employment tax updates: August 2018

Tax | VAT updates: August 2018

Tax | Tax updates: August 2018

Tax | Child trust fund providers must submit annual return, warns HMRC

Tax | IHT receipts hit £5.2bn as property prices soar

Tax | Stamp duty cut costs government £284m

Tax | Inheritance tax form 407 updated

Tax | Loan scheme tax loophole closed