Tax

Latest news

Image for furnished holiday let estate loses ps11m iht appeal

Tax | Furnished holiday let estate loses £1.1m IHT appeal

The manager and beneficiary of a holiday home business has lost a tax appeal after trying to claim business property relief on an inheritance tax bill

8 Apr 2025

Tax | Q&A: capital gains tax and anti-forestalling

In this week’s Q&A, David Lawson ATT, tax adviser at Croner-i My VIP Tax Team, explains the capital gains tax rates applicable on various property and company transactions potentially trying to take advantage of forestalling

8 Apr 2025

Tax | CIOT plans overhaul of CTA tax qualification

The Chartered Institute of Taxation (CIOT) is consulting on plans to overhaul the Chartered Tax Adviser (CTA) qualification to keep it relevant

8 Apr 2025

Tax | MTD education needs to improve before 2026

Making Tax Digital (MTD) for income tax is coming in for self employed and landlords with turnover above £50,000 from 2026, but many do not understand if they are caught by the rules

8 Apr 2025

Tax

Making Tax Digital

Image for millionaire loses ps99m caledonian tax scheme appeal

Tax | Millionaire loses £9.9m Caledonian tax scheme appeal

A multimillionaire lost an appeal over use of a historic tax avoidance scheme, while his claim high income child benefit charge interfered with the ‘enjoyment of his money’ was rejected

7 Apr 2025

Tax

HMRC

Tax | Tax changes from 6 April

What’s going up for the new 2025-26 tax year from hike in employer NI to higher HMRC interest rates, end of FHL tax breaks, double cab pick-ups and non dom overhaul

7 Apr 2025

Tax | National insurance hike to 15% kicks in from 6 April

Employers will be hit with a 1.2% increase in Class 1 national insurance contributions (NICs) from 6 April, raising cost of hiring a single employee by up to £900 a year

7 Apr 2025

Tax

Employment Tax

Tax Compliance

Image for vat school fees falls wealthy people says chancellor

Tax | VAT on school fees ‘falls on wealthy people’, says chancellor

The government’s defence at the High Court argued that SEND children receive the same standard of education in state schools but damning evidence from the National Audit Office shows otherwise

4 Apr 2025

Tax

VAT

HMRC

Image for carlo ancelotti denies eu1m tax avoidance allegations

Tax | Carlo Ancelotti denies €1m tax avoidance allegations

The Real Madrid football manager Carlo Ancelotti is in court in Madrid defending claims by Spanish tax authorities that he failed to pay €1m (£834,275) in tax on his image rights

4 Apr 2025

Tax

Employment Tax

Image for fashion trio loses ps790k input tax case

Tax | Fashion trio loses £790k input tax case

A group of family-run fashion businesses based in London has lost an appeal after HMRC found they were running a missing trader scheme and making fraudulent claims for VAT refunds

3 Apr 2025

Tax

VAT

Case Reports

Image for how us tariffs will work practice

Business | How the US tariffs will work in practice

Andrew Thurston, customs duty & indirect tax consultant at MHA, explains the ins and outs of the new US tariff regime, including exemptions and place of origin rules

3 Apr 2025

Business | UK exports hit with 10% US tariffs

Exports to the US are going to be charged a 10% reciprocal tariff from 5 April as part of president Trump’s liberation day

3 Apr 2025

Tax | KFC franchiser to appeal £106k dip pot VAT dispute

A KFC franchiser has been granted permission to appeal a VAT case over the zero rating of dip pots

3 Apr 2025

Tax

VAT

Case Reports

Image for chancellor says isa reform worthwhile

Tax | Chancellor says ISA reform ‘worthwhile’

At a Treasury Committee hearing, the chancellor Rachel Reeves told MPs reform of ISAs will go ahead, but did not set out a timeframe

2 Apr 2025

Tax

Personal Tax

Politics

Image for vat take school fees can be spent how chancellor sees fit

Tax | VAT take on school fees ‘can be spent how chancellor sees fit’

The first day of the High Court hearing into VAT on school fees saw lead barrister, Lord David Pannick KC, argue parents and schools are bring indirectly discriminated against by the government

2 Apr 2025

Tax

VAT

HMRC