Tax

Latest news

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Tax | Q&A: residence nil rate band and inheritance tax

In this week’s Q&A, Kiya Jacobs ATT, tax adviser at Croner-i VIP Tax Team, explains the ins and outs of inheritance tax and residence nil rate band issues

1 Apr 2025

Tax | Last minute tips before tax year end

With days to go before 5 April tax year end, it’s the last opportunity to use up pension allowances, top up NICs gaps and maximise tax free ISA savings

1 Apr 2025

Tax | Tax changes from 1 April

What's going up on 1 April from increases in national minimum wage to higher stamp duty, first road tax charge for electric vehicles and hikes in company car tax

1 Apr 2025

Tax | Chip shop owner part wins £1.2m tax appeal

The owner of a chip shop in Newcastle has part won an income tax appeal as some of the years were assessed too late by HMRC despite behaviour being ‘deliberate’

31 Mar 2025

Tax | School fee VAT appeal kicks off tomorrow at High Court

The chancellor, Rachel Reeves will be defended by four KCs on 1 April as the lawyers for a group of parents and schools take their appeal against VAT on private school fees to the High Court

31 Mar 2025

Tax

VAT

HMRC

Image for loan charge review calls evidence brochures and promotions

Tax | Loan charge review calls for evidence of brochures and promotions

Anyone affected by the loan charge has two months to respond to a call for evidence with examples of promotional material and marketing leaflets a priority for the review team

31 Mar 2025

Tax | Spring Statement 2025 at a glance

The Business & Accountancy Daily team gives a rundown on key changes from hike in tax penalties for late payment to stifling tax avoidance promotors, plans for strict rules to clamp down on tax advisers turning a blind eye to avoidance, and MTD extension

28 Mar 2025

Tax

HMRC

Budget

Image for mancunian rabbi loses ps63m non dom tax appeal

Tax | Mancunian rabbi loses £6.3m non dom tax appeal

A 76-year-old rabbi and property tycoon has lost his appeal at the First Tier Tribunal (FTT) after claiming to be non domiciled for tax purposes

28 Mar 2025

Tax

HMRC

Case Reports

Tax | Spring Statement: HMRC to stifle tax avoidance promoters

The government is planning to ramp up activity to stamp out promoters and enablers of tax avoidance schemes with very tough regime

27 Mar 2025

Tax

HMRC

Tax Compliance

Image for spring statement rd tax advanced clearance system overhaul

Tax | Spring Statement: R&D tax advanced clearance system overhaul

The government plans to overhaul the research and development (R&D) advanced clearance system which will have to be used before companies can apply for R&D credits

27 Mar 2025

Tax | Spring Statement: MTD extension ‘costly and confusing’

The expansion of Making Tax Digital to millions more self employed individuals earning as little as £20,000 will be a challenge as HMRC withdraws free filing software used by over four million taxpayers

27 Mar 2025

Tax | Spring Statement: throwing money at HMRC will not solve tax gap

Nimesh Shah, CEO of Blick Rothenberg calls for an urgent overhaul of the hugely complex tax system, arguing just hiring hundreds more compliance staff is not the answer to HMRC’s problems

27 Mar 2025

Tax | Spring Statement: high income child benefit via PAYE from Summer 2025

Taxpayers facing the high income child benefit charge will no longer have to do a tax return from this summer as HICBC will be deductible through PAYE earnings

27 Mar 2025

Tax | R&D compliance reviews – the correct approach

For any company using research and development (R&D) tax relief, there is always the concern that HMRC could come calling, explains James Eason, enquiry consultant at Croner-i My VIP Tax Team

27 Mar 2025

Tax | Spring Statement: Treasury to review ISA savings accounts

The much trailed plan to review ISA savings accounts will go ahead, with the government planning to overhaul current system with a view to shifting savings to riskier stocks and shares ISAs

26 Mar 2025