Tax

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Image for spring statement crackdown tax advisers ps3k daily fines

Tax | Spring Statement: crackdown on tax advisers with £3k daily fines

Any tax advisers HMRC suspects of breaching tax rules by clients are going to come under increased scrutiny with proposals to issue fines of up £3,000 a day and new liability for firms

26 Mar 2025

Tax | Spring Statement: late payment penalties rise to 10%

Late payment penalties for taxpayers are set to increase from the new tax year, the chancellor announced in her first Spring Statement

26 Mar 2025

Tax | Spring Statement: funding for HMRC to tackle tax evaders

Tax evaders and those who blatantly ignore their tax liabilities are going to be targeted more harshly by HMRC, the chancellor said in her first Spring Statement, while the wealthy team will be expanded

26 Mar 2025

Tax | Self assessment tax refund texts from HMRC

HMRC has issued a warning to taxpayers that they may receive an official text confirming that their tax refund is being processed

26 Mar 2025

Tax

Personal Tax

HMRC

Image for payroll tips preparing start tax year

Tax | Payroll tips for preparing for start of tax year

April is on the doorstep and that means a host of changes for payroll and HR teams. Samantha O'Sullivan, policy lead at the Chartered Institute of Payroll Professionals, explains the key changes

26 Mar 2025

Tax | HMRC launches email escalation service for agents

In an attempt to sort out huge service delays at HMRC, tax agents and accountants will be given access to an escalation process if PAYE queries are taking more than four weeks to resolve

26 Mar 2025

Tax

HMRC

Tax | HMRC loses battle with Bolt over VAT charges on taxi fares

HMRC has lost a consequential appeal after Upper Tribunal rules in favour of taxi app Bolt, stating services are within TOMS and not liable for VAT

25 Mar 2025

Tax

VAT

Case Reports

Image for family wins ps700k inheritance tax appeal over trust status

Tax | Family wins £700k inheritance tax appeal over trust status

The executors of a family estate have won an appeal at the Upper Tribunal against inheritance tax (IHT) on the sale of a property that was placed in a trust eight years before the property owner died

25 Mar 2025

Tax | Q&A: tax on unit trust dividends

In this week’s Q&A, Vivienne Chung, adviser at Croner-i VIP Tax Team, explains the tax implications when dividends are reinvested in unit trusts

25 Mar 2025

Tax

Personal Tax

Tax Compliance

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Tax | Register for Spring Statement webinar

24 Mar 2025

Tax

Budget

Politics

Image for court fails decide ps470k vat status giant marshmallows

Tax | Court fails to decide £470k VAT status of giant marshmallows

HMRC has won at the Court of Appeal to have the mega marshmallow VAT case sent back to the First Tier Tribunal to decide whether they are ‘normally eaten with the fingers’

24 Mar 2025

Tax

VAT

HMRC

Image for biker locksmith wins ps6k vat appeal no proof provided

Tax | Biker locksmith wins £6k VAT appeal as no proof provided

A locksmith who represented himself at the First Tier Tribunal (FTT) won an appeal against a VAT penalty for three BMW motorbikes used for work

21 Mar 2025

Tax | Stamp duty tax take up £300m in rush to beat deadline

Tax receipts are up 5.3% so far on the year but almost £300m more has been paid in stamp duty land tax this February than last while inheritance tax was up 12%

21 Mar 2025

Tax | Year end tax planning for businesses

Graeme Connell CA CTA considers the key year end business tax planning priorities for owner managed businesses and companies from trade receivables to cash flow and provisions to directors' loans

21 Mar 2025

Tax | Worried about a COP9 tax investigation? Don’t panic

When HMRC launches a COP9 investigation, they can go back 20 years into tax records so putting a foot wrong can be damaging and costly, explains Uzair Delair, HMRC enquiry expert at Croner-i My VIP Tax Team

20 Mar 2025

Tax | 400k buy to let owners use limited companies to reduce tax bill

The combination of high tax bills and interest rates has seen a record number of buy to let landlords shift to limited company structures to hold their property portfolios

20 Mar 2025