Tax

Latest news

Image for walkers loses second poppadom vat row

Tax | Walkers loses second poppadom VAT row

The Sensations poppadom is still a crisp in the eyes of HMRC as Upper Tribunal rules they are subject to the standard rate of VAT after Walkers appeal fails on every ground

27 May 2025

Tax | IRS warns on filing deadline for overseas US taxpayers

The US Internal Revenue Service (IRS) has issued a deadline reminder to taxpayers living and working outside the US to file a 2024 federal income tax return by mid June

27 May 2025

Tax | Reform would raise tax free threshold to £20k

Nigel Farage spoke today in Central London where he announced if Reform were elected, government savings would come in the billions from scrapping Net Zero and the diversity, equity and inclusion (DEI) agenda

27 May 2025

Tax

Politics

Image for qa mtd income tax reporting requirements and thresholds

Tax | Q&A: MTD for Income Tax reporting requirements and thresholds

In this week’s Q&A, Ewan Edwards, VIP tax adviser at Croner-i, explains the reporting obligations for taxpayers required to report under Making Tax Digital (MTD) for Income Tax from 2026

27 May 2025

Tax | Register for webinar on inheritance tax

27 May 2025

Tax | HMRC loses share valuation dispute as ‘ignored circumstances’

Neil Tipping, lead tax enquiry consultant at VIP Tax Team, explains how Croner-i resolved a long-running valuation case between HMRC and four shareholders over the sale of their business to their sons

22 May 2025

Tax | Employer national insurance raises £2.1bn extra in single month

More than £2bn was raised from employer’s national insurance in April alone even before the full impact of rises are felt, while inheritance tax was up 14% in a single month

22 May 2025

Tax | Brummie restaurateur wins £1.4m tax case despite ‘chaotic record keeping’

The owner of a number of restaurants in Birmingham was not suppressing sales or deliberately filing wrongly as HMRC’s ‘decision was not based on evidence’

22 May 2025

Tax | VAT triggers 22.6% rise in private school fees

The addition of VAT to private school fees since January has sparked debate and a three-day High Court hearing featuring highly regarded KCs, but new figures show the impact of the 20% hit

22 May 2025

Tax

VAT

HMRC

Image for businesses given more time file return vat deregistration

Tax | Businesses given more time to file return at VAT deregistration

A minor tweak to tax rules will see a relaxation of the deadline for final VAT returns when a business deregisters from VAT in event of HMRC processing delays

22 May 2025

Tax | PM caves to pressure on winter fuel payments

Following voter backlash, major u-turn for government as Kier Starmer says eligibility threshold for winter fuel payments will be raised with confirmation at Budget

21 May 2025

Tax

Politics

Image for rogue rd agents target mail order companies

Business | Rogue R&D agents target mail order companies

HMRC is warning mail order businesses to be wary about engaging with unscrupulous R&D agents claiming to be able to secure large tax breaks

21 May 2025

Tax | Inaccurate AI generated argument loses taxpayer £2.5k case

Judge finds appellant’s argument formed using an AI tool was inaccurate and not relevant which ‘highlights the dangers of reliance on AI tools without human checks’ resulting in the appeal being dismissed

21 May 2025

Tax

HMRC

Case Reports

Image for company cars tax and benefit kind

Tax | Company cars, tax and benefit in kind

Chris Thorpe ATT CTA explains the key tax issues to consider when allowing employees to use their company cars and vans for private use from NI to benefits in kind charges

21 May 2025

Tax | Tax pros and cons of family investment companies

Many business owners are considering making gifts during their lifetime, rather than through their will due to changes to business property relief, but does this make tax sense, asks Chris Etherington, partner at RSM

21 May 2025

Tax | Chancellor backs off plan to slash £20k ISA limit

Savers can breathe a temporary sigh of relief as chancellor ditches plan to cut ISA tax-free limit but could see allowance split between shares and cash

20 May 2025