Business Tax

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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 | 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 | 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 | Accountants, models and sports agents owe £101m in tax and penalties

An accountancy practice is in this month’s top 10 of deliberate tax defaulters owing £2.4m in unpaid tax and penalties, joined by son of Pakistan’s former prime minister

19 Mar 2025

Tax | HMRC clarifies subcontracted activities for SME R&D tax relief

The definition of subcontracted activities is critical to R&D tax claims by SMEs and the latest HMRC clarification sheds some new light, explains Richard Edwards, CEO of R&D Community

19 Mar 2025

Tax | R&D tax reliefs: requirements from a parallel universe?

Rocky Webb, enquiry consultant at Croner-i My VIP Tax Team, explains why it is so difficult to establish a baseline in a claim for R&D tax relief

13 Mar 2025

Tax | Q&A: tax relief on share loss at disposal

In this week’s Q&A, Marsha Haywood, senior tax adviser at Croner-i My VIP Tax Team, explains how to calculate tax liability on an individual disposal of shares sold at a loss

11 Mar 2025

Tax | HMRC increases beneficial loan rate to 3.75%

Directors and employees in receipt of loans from their companies and employers will have to pay a higher interest rate from April for loans calculated using ‘precise method’

11 Mar 2025

Tax | Gardener loses £19k VAT appeal over registration dispute

A First Tier Tribunal VAT appeal over when a company was registered for VAT has been dismissed after representative accused HMRC of ‘illegally’ increasing VAT amount from sales

10 Mar 2025

Tax | Hastings Insurance wins £16m offshore looping VAT appeal

Insurance giant Hastings, owner of the Hastings Direct brand, has won a VAT appeal for over £16m related to a claim for input tax for supply of services in Gibraltar

7 Mar 2025

Tax | Q&A: capital allowances on dual control vehicles

In this week’s Q&A, our Croner-i VIP Tax Team adviser Celendrika Marcos, explains which allowances can be claimed for a company vehicle partly used for personal travel

4 Mar 2025

Tax | Oil and gas companies failed to pay £125m in windfall tax

More than a dozen oil and gas companies have been investigated by HMRC for underpaying energy profits levy, mainly down to apportionment issues

3 Mar 2025

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Business Tax

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Tax | Q&A: tax and shareholder loan waiver

In this week’s Q&A, our Croner-i VIP Tax Team explains tax and capital loss implications when director wants to waive shareholder loan when selling business

25 Feb 2025

Tax | Director loses £21k CJRS appeal after ‘irrelevant’ argument

The director of an electrical retail business questioned HMRC’s conduct over the handling of his coronavirus job retention scheme (CJRS) application after securing a bounce back loan

24 Feb 2025

Tax | HMRC advisory fuel rates for company car users from 1 March 2025

Advisory fuel rates for company users of petrol and diesel cars have been slightly tweaked, while electric rates are unchanged

24 Feb 2025

Tax | Do you qualify for R&D tax relief? How to give a straight answer

With HMRC watching R&D claims like a hawk, Richard Edwards, founder of the R&D Community explains how to submit a claim, understand abstract definitions and make a claim as watertight as possible

24 Feb 2025