Tax

Latest news

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Tax | HMRC systems are a ‘lumbering dinosaur’

MPs on the influential Treasury Committee criticise HMRC for failure to update legacy IT systems and no fixed plan for when the work will be completed, putting productivity and service levels at risk

2 May 2025

Tax | VAT road fuel charges reduced for company cars

Businesses running company cars will see a nearly 6% cut in HMRC’s rates of road fuel charges on VAT returns for new accounting periods from 1 May

1 May 2025

Tax | Register for webinar on payroll, pension or dividends

Join our webinar on Tuesday 6 May at 2pm focusing on tax and profit extraction issues for business owners and directors

1 May 2025

Tax | HMRC to reduce Whitehall estate by 25%

In a move to reduce central London office costs, HMRC plans to reduce a quarter of its head office and evaluate what roles need to be located there

1 May 2025

Tax | CPD module: MTD For Income Tax

This month’s exclusive, free CPD course explains the huge changes coming with the extension of Making Tax Digital (MTD) for Income Tax

1 May 2025

Tax | ‘No evidence at all’ brought by HMRC to £12k VAT appeal

HMRC was not allowed to provide more evidence to the First Tier Tribunal (FTT) resulting in it losing a £12,000 VAT hearing against a London based recruitment consultancy

1 May 2025

Tax | Tax filing deadlines: May to Nov 2025

Essential tax deadlines at a glance including MTD for income tax voluntary sign-ups filing date

1 May 2025

Tax | Stamp duty hike triggers 104% rise in property sales

The end of the stamp duty land tax (SDLT) relief for first-time buyers creates temporary hike in property transactions, but prices have already dropped

1 May 2025

Tax

Property Tax

HMRC

Tax | Crypto currency gains won’t be forgotten by HMRC

HMRC is warning people holding crypto currency over long periods and eventually making a gain that they will be liable for tax on their profits

30 Apr 2025

Tax | HMRC shifts to email and text to cut postage

In a bid to reduce costs and modernise the tax office, HMRC is going to start sending taxpayers texts and email updates, rather than so many letters

30 Apr 2025

Tax

HMRC

Technology

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Tax | Diverted profits tax for tech giants to be replaced

The government is going ahead with plans to repeal the diverted profits tax regime for tech giants and replace it with a new charging provision within corporation tax

30 Apr 2025

Tax | Landlords told not to use LLP tax avoidance scheme

HMRC has warned UK landlords it will clamp down robustly against property owners who use limited liability partnerships to evade tax by transferring properties

29 Apr 2025

Tax | Plans for sugar tax will not affect coffee shop milkshakes and lattes

The government is consulting on proposals to extend the sugar tax to milk-based drinks with added sugar sold in pre-packaged containers

29 Apr 2025

Tax

Consultations

Budget

Image for disqualified director wins ps145k directors loan appeal

Tax | Disqualified director wins £145k director’s loan appeal

The director of BOH Investments appealed against a closure notice of £145,058 that HMRC believed he owed through an overdrawn director’s loan account

29 Apr 2025

Tax | Q&A: tax and amortisation relief on historic goodwill

In this week’s Q&A, Croner-i tax adviser Stuart Farmer ATT explains how to calculate amortisation relief on historic goodwill incorrectly reported on corporation tax returns

29 Apr 2025