Business Tax

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Tax | Q&A: complex tax structures and associated companies

In this week’s Q&A, Croner-i tax adviser Michael Smylie unravels a complex corporate structure to explain the tax implications of the associated businesses

27 Aug 2024

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Tax | Removal of tax breaks will damage oil and gas sector

The UK oil and gas industry is urging the government to review plans to remove investment tax breaks and halt the hike in windfall tax rate

23 Aug 2024

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Tax | HMRC accused of ‘misusing’ powers to amend R&D claims

An accountancy firm has accused HMRC of correcting up to 2,100 research and development (R&D) tax relief claims, claiming it is abuse of its powers which HMRC said is ‘simply untrue’

21 Aug 2024

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Tax | Q&A: R&D tax relief on overseas contractors

In this week’s Q&A, Croner-i tax adviser David Lawson explains when R&D tax relief is available for overseas workers and contractors

20 Aug 2024

Image for lycamobile faces winding petition over ps51m vat bill

Tax | Lycamobile faces winding up petition over £51m VAT bill

In July Lycamobile was facing a £51m VAT bill but now HMRC has slapped the mobile network provider with a winding up petition through an application to the High Court

15 Aug 2024

Image for hmrcs refusal restore 24 tonnes cat litter was unreasonable

Tax | HMRC's refusal to restore 24 tonnes of cat litter was ‘unreasonable’

A pet supply importer based in Turkey had its supply of cat litter seized when being imported due to HMRC believing the appellant hadn’t paid import VAT

14 Aug 2024

Image for hike windfall tax tax breaks abolished

Tax | Hike in windfall tax as tax breaks abolished

The rate of windfall tax on energy giants will go up to 38% in November and most tax breaks will be removed

30 Jul 2024

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Tax | Tax breaks under R&D intensive support scheme for SMEs

Richard Edwards, CEO of R&D Community, explains how the targeted research and development scheme known as ERIS works for loss making SMEs

30 Jul 2024

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Tax | Businesses want tax certainty, not constant change

The majority of businesses want a moratorium on tax changes from the new chancellor, with calls for a roadmap setting out future tax plans

29 Jul 2024

Image for qa land remediation tax relief

Tax | Q&A: land remediation tax relief

In this week’s Q&A, Croner-i tax adviser Ria Dhillon examines tax relief options available when asbestos remediation work needs to be undertaken

23 Jul 2024

Image for hmrc downplayed ai reject rd claim

Tax | HMRC downplayed AI to reject R&D claim

A tax relief claim appeal has been allowed because it did ‘constitute of research and development’ after HMRC showed a ‘lack of understanding’

23 Jul 2024

Image for hmrc warns exploitation workplace nursery tax rules

Tax | HMRC warns of exploitation of workplace nursery tax rules

HMRC has issued a reminder to employers to ensure that they meet the rules on workplace nurseries to avoid exploiting the tax break

22 Jul 2024

Image for national insurance cuts do not dent ps195bn personal tax bill

Tax | National insurance cuts do not dent £195bn personal tax bill

Despite two cuts in national insurance this year, income tax take is on the rise, with PAYE income tax and NICs up £2.5bn in first three months of the tax year

19 Jul 2024

Image for collagen drink supplier loses ps13m vat case

Tax | Collagen drink supplier loses £1.3m VAT case

A collagen drink product is not ‘food of a kind used for human consumption’ and therefore not exempt for VAT purposes

17 Jul 2024

Image for bbc presenter charlie stayt pay ps191k tax bill

Tax | BBC presenter Charlie Stayt to pay £191k tax bill

In a bid to avoid bankruptcy Charlie Stayt has paid most of a £191,000 tax bill

16 Jul 2024

Law and Regulation

Image for 21 football clubs arrears hmrc

Tax | 21 football clubs in arrears with HMRC

HMRC is pursuing football clubs across the country for VAT and corporation tax debts with at least 21 falling into arrears with their payments

15 Jul 2024

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