Business Tax

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Tax | Hidden trends in the CGT statistics

Much focus has been given to the headline decline in CGT paid in the 2023/24 tax year, but a closer look at the statistics highlights some other stories hidden in the detail says RSM partner, Chris Etherington

4 Aug 2025

Business | One in five SMEs struggle to pay tax bills

Nearly 500,000 SMEs have missed tax payment deadlines in the past three years with 19% admitting to missing five or more in the past 12 months

29 Jul 2025

Business | HMRC bins MTD for corporation tax

As HMRC dropped its ‘transformation roadmap’ last week a small section of the lengthy document confirmed Making Tax Digital (MTD) for Corporation Tax has been canned

28 Jul 2025

Tax | Capital gains tax revenue slumps by 18%

Uncertainty about rates and slashing the annual exempt allowance have all contributed to a drop in capital gains tax revenues, showing revenue down by a fifth to £12bn in a single year

24 Jul 2025

Tax | Supreme Court dismisses Dolphin £16m tax appeal

A Norwegian offshore drilling company operating in the North Sea has lost a final attempt to have an HMRC ruling on corporation tax overturned, leaving a multimillion pound tax bill and substantial legal costs

14 Jul 2025

Tax | Overseas companies underpaid £19bn in UK tax

US companies failed to pay £8.8bn in tax last year, up 57%, while tax compliance by other overseas companies soared

14 Jul 2025

Tax | Farms, inheritance tax and succession planning

Tax expert Julie Butler FCA explains the options for farmers as the abolition of full agricultural property relief for inheritance tax purposes looms from identifying easy to sell assets to care plans and preparing for the unexpected

10 Jul 2025

Tax | Birmingham hospitality group slapped with £5.1m tax bill

A Birmingham based group of restaurants has lost its appeal against HMRC as directors ‘readily willing to mislead’ HMRC in its investigation into mass till suppression

7 Jul 2025

Tax | Top tips: additional information forms for R&D claims

The additional information form (AIF) has become a crucial part of the R&D tax relief claim process, explains Richard Edwards, founder, The R&D Community

3 Jul 2025

Tax | US to sign Pillar 2 deal on 15% tax rate

The US is set to sign a deal with G7 countries on the implementation of the OECD’s two-pillar international tax deal, which sets a minimum global tax rate

30 Jun 2025

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Tax | Q&A: When do we apply national living wage increases?

In this week’s Q&A, Croner-i payroll advisor Vanessa Matthews QBE explains all the changes after the national living wage (NLW) increases

24 Jun 2025

Tax | Employer NICs shoot up £1.9bn in May tax take

In just one month businesses have paid out nearly £2bn in extra employers’ National Insurance while capital gains tax take fluctuates by the month as hit by weak M&A market

20 Jun 2025

Tax | HMRC claws back £30k from Surrey Adventure farm

A Surrey based children’s soft play and farm has lost its appeal at tribunal after miscalculating the real time information of their employees but tried to blame the staff

20 Jun 2025

Business | Small businesses responsible for 60% of tax gap

Billions of pounds of tax remain uncollected as HMRC reports the tax gap has grown to £46.8bn, equivalent to 5.3%, with small businesses the worst offenders for yet another year

19 Jun 2025

Tax | Deadline to register for 15% Pillar 2 tax with HMRC looms

Companies falling under Pillar 2 tax rules with December 2024 year ends must register online with HMRC before the end of this month, even global groups with the smallest UK presence

17 Jun 2025

Tax | World darts champion owes HMRC £465k

A former world darts champion has been banned from acting as a company director after withdrawing hundreds of thousands of pounds while owing over £460,000 of tax debts

5 Jun 2025