Tax

Latest news

Image for hmrc wins ps920k vat dispute london builder

Tax | HMRC wins £920k VAT dispute with London builder

A London construction company has lost an appeal over recovery of nearly £1m in input tax as transactions linked to fraudulent invoices and Kittel fraud

15 Jul 2025

Tax

VAT

Case Reports

Image for qa share loss tax relief explained

Tax | Q&A: share loss tax relief explained

In this week’s Q&A, Rickie Lowery CTA, tax adviser at Croner-i VIP Tax Team, explains the tax reliefs available if the value of shares collapse and business goes bust

15 Jul 2025

Tax | Supreme Court dismisses Dolphin £16m tax appeal

A Norwegian offshore drilling company operating in the North Sea has lost a final attempt to have an HMRC ruling on corporation tax overturned, leaving a multimillion pound tax bill and substantial legal costs

14 Jul 2025

Tax | Overseas companies underpaid £19bn in UK tax

US companies failed to pay £8.8bn in tax last year, up 57%, while tax compliance by other overseas companies soared

14 Jul 2025

Tax | HMRC demands ‘further and better’ grounds for tax appeal

When HMRC asks for more information about a tax position, taxpayers should resist providing a response, as it may be a sign of over-reach as in the case of BGC over salaried member rules, warns Neil Tipping, lead tax enquiry consultant at Croner-i

14 Jul 2025

Tax | Glasgow floorers ramp up salaries in £50k CJRS case

Two directors of a flooring company increased their salaries from £512 per month to £3,690 to gain maximum furlough payments during the pandemic, claiming pay rise was ‘operational coincidence’

14 Jul 2025

Tax

HMRC

Case Reports

Tax | Register for webinar on pensions and tax planning

11 Jul 2025

Tax | 14 arrested in HMRC phishing attack raids in Romania

HMRC officers and over 100 Romanian police arrest 13 people across Romania, on suspicion of using stolen taxpayer data to steal millions of pounds of tax, with a further UK arrest

10 Jul 2025

Tax

Personal Tax

HMRC

Image for farms inheritance tax and succession planning

Tax | Farms, inheritance tax and succession planning

Tax expert Julie Butler FCA explains the options for farmers as the abolition of full agricultural property relief for inheritance tax purposes looms from identifying easy to sell assets to care plans and preparing for the unexpected

10 Jul 2025

Tax | No charity donation so £125k Gift Aid claim thrown out

A taxpayer did not give anything to charity over three tax years but claimed ‘incorrectly’ for more than £125,000 in Gift Aid relief, blaming his accountant

10 Jul 2025

Business | Rishi Sunak rejoins Goldman Sachs as advisor

Former PM and chancellor, Rishi Sunak, has been hired by Goldman Sachs as a senior advisor, but will remain as an MP for now

9 Jul 2025

Tax | What’s the alternative to a wealth tax?

As pressure from the Left builds on the chancellor to introduce a wealth tax in the UK, there are surely better ways to raise tax receipts such as CGT rebasing for IHT or a review of RNRB, says Chris Etherington, tax partner at RSM

9 Jul 2025

Tax

Personal Tax

Politics

Image for hmrc fine crypto investors ps300 non disclosure

Tax | HMRC to fine crypto investors £300 for non-disclosure

Tough new rules mean HMRC will have access to detailed information on crypto transactions from platforms from January

7 Jul 2025

Tax | Birmingham hospitality group slapped with £5.1m tax bill

A Birmingham based group of restaurants has lost its appeal against HMRC as directors ‘readily willing to mislead’ HMRC in its investigation into mass till suppression

7 Jul 2025

Tax | Taxing pension pots hated by 44% of public

A poll of taxpayers about Labour’s first year in power finds that charging inheritance tax on pensions is by far the most disliked tax policy

4 Jul 2025

Tax

HMRC

Image for swiss based film partner loses ps447k appeal

Tax | Swiss based film partner loses £447k appeal

The First Tier Tribunal (FTT) has sided with HMRC finding a Swiss national’s film partnerships were carrying out their trading activities ‘wholly’ in the UK subjecting him to UK income tax

3 Jul 2025