Business Tax

Most companies making an R&D tax relief claim are likely to get an HMRC compliance check at some stage so it’s essential to be prepared. Richard Edwards, CEO of the R&D Community explains how to prepare for the worst

3 Jul 2024

Tax

Business Tax

HMRC

Tax Compliance

Image for construction boss loses ps550k tax appeal deliberate fraud

Tax | Construction boss loses £550k tax appeal as ‘deliberate fraud’

False invoices issued by a convicted money launderer led to the rejection of a £552,000 deduction of input tax at tribunal

2 Jul 2024

Tax | Company car use accelerated by EV tax breaks

Favourable tax breaks for companies giving staff electric vehicles (EVs) have caused a surge in take up of electric options, with a 76% jump in EVs since 2022

1 Jul 2024

Tax | Air passenger duty soars to £3.85bn

The aviation sector has bounced back after huge setbacks through the pandemic as the total receipts from air passenger duty (APD) return to pre-pandemic levels

1 Jul 2024

Tax

Business Tax

HMRC

Image for restaurant owner has ps39k covid furlough payments reversed

Tax | Restaurant owner has £39k Covid furlough payments reversed

15 Coronavirus Job Retention Scheme (CJRS) claims have been clawed back by HMRC because the staff were not registered correctly under PAYE in time

28 Jun 2024

Tax | CGT penalty warning for one-off transactions

With speculation that there may be changes to capital gains tax (CGT) rates in the future, some may be considering accelerating a transaction or disposal

27 Jun 2024

Tax | Q&A: tax and company share option plans

In this week’s Q&A, Abigail Bothe, tax adviser at Croner-i, explains the differences between company share option plans (CSOPs) and enterprise management incentives (EMI)

25 Jun 2024

Tax | £1.5m investment from non-dom deemed taxable

A non-domiciled investment banker has lost his appeal against a £675,000 tax bill after investing £1.5m into his company and using director loans for personal expenses

24 Jun 2024

Tax | KFC franchiser loses side dip ‘conundrum’ VAT case

A KFC franchiser argued that the dipping pots supplied with certain meals should be separately rated for VAT if sold in a meal

11 Jun 2024

Tax | Broker loses £110k corporate credit card VAT appeal

Upmarket accommodation and hotel broker charging transaction fees on corporate credit card payments has been told the proceeds are not VAT exempt for the second time

6 Jun 2024

Tax | Tech director loses challenge to appeal £590k tax notice

A director of a technology company has been denied the right to appeal against a £590,000 demand from HMRC for security as the large sum of money ‘posed a risk to the revenue’

4 Jun 2024

Tax | Liquor trader linked with £34.2m VAT scam

A personal liability notice (PLN) for £75,000 was issued to the director of a company selling alcohol to cash and carry outlets for deliberately avoiding VAT

30 May 2024