Business Tax

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Image for qa tax implications buying out fellow director

Tax | Q&A: tax implications of buying out a fellow director

In this week’s Q&A, Croner-i tax advisor Stephen Fletcher, explains the tax treatment for a company purchase of own shares, and the trade benefit and ongoing connection tests

16 Apr 2024

Tax | HMRC approach is harming valid R&D claims

With HMRC investigating half of research and development tax relief claims, and criticism of inexperienced case workers, Danielle Ford, partner and Riocard Hoye, senior manager at haysmacintyre, examine how companies can deal with an investigation

15 Apr 2024

Tax

Business Tax

Tax Compliance

Image for blackrock loses ps654m tax case over barclays acquisition

Tax | BlackRock loses £654m tax case over Barclays acquisition

HMRC has won a long-running dispute with asset management giant BlackRock over a £654m claim for corporation tax deductions on a $4bn loan

12 Apr 2024

Tax

Business Tax

Case Reports

Image for itv and lse likely be cleared state aid tax case

Tax | ITV and LSE likely to be cleared in state aid tax case

A top legal adviser to the Court of Justice of the European Union (CJEU) has indicated that businesses using UK controlled foreign companies regime did not break EU state aid rules

11 Apr 2024

Tax

Business Tax

Case Reports

Image for cartoon maker loses ps150k seis tax claim

Tax | Cartoon maker loses £150k SEIS tax claim

Coconut Animated Island has lost its appeal at the Upper Tribunal over a claim for tax relief under the seed enterprise investment scheme

11 Apr 2024

Tax | £200m landfill tax gap sparks call for reform

Waste crime costs over £1bn annually caused by the ‘massive gap’ in rates of landfill tax

5 Apr 2024

Tax | HMRC stamps out repayment notification letters

In a bid to reduce paperwork and confusion, HMRC will no longer send letters to taxpayers confirming repayment amounts

4 Apr 2024

Tax | Top tips: changes to R&D tax relief

Anyone using research and development (R&D) tax reliefs needs to get to grips with new rules under the merged system now in force from accounting periods starting 1 April 2024

4 Apr 2024

Tax

Business Tax

Tax Planning

Tax | Business tax changes from 1 April 2024

An increase in the VAT threshold, changes to research and development (R&D) tax relief and a hike in national minimum wage rates all kick off this month

2 Apr 2024

Tax | Dog breeder slapped with £1.8m tax bill

An umbrella payroll agency, dog breeder and ink cartridge supplier all failed to pay a combined £11.2m in tax resulting in penalties of £7.8m in a single quarter

28 Mar 2024

Tax | Scaffolders win R&D appeal over £6k ‘carelessness’ penalty

The case of H&H Scaffolding Ltd may bring some peace of mind to companies who have used R&D tax agents in the past who fear penalties from HMRC for inaccuracies

27 Mar 2024

Tax

Business Tax

Case Reports

Image for nursery school owner loses ps196k tax dispute

Tax | Nursery school owner loses £196k tax dispute

The owner of several nursery schools has lost a case at the First Tier Tribunal over capital gains tax liability related to a claim for £196,902 in entrepreneurs’ relief

20 Mar 2024

Tax | Q&A: business asset disposal relief and tax planning

In this week’s Q&A, Croner-i tax adviser Alec McCarthy explains the tax nuances of business asset disposal relief, formerly entrepreneurs relief, when moving money between two trading companies

19 Mar 2024

Tax

Business Tax

Tax Planning

Image for fully funded apprenticeships small business launched

Tax | Fully funded apprenticeships for small business launched

The PM has announced £60m in additional new funding to pay for apprenticeships in small businesses from 1 April by paying the full cost of training for anyone up to the age of 21

18 Mar 2024

Tax

Business Tax

Politics

Image for morrisons faces ps1m vat bill nakd bars

Tax | Morrisons faces £1m VAT bill for Nakd bars

Supermarket giant Morrisons has been defeated by HMRC at the tax tribunal on the third visit over the VAT treatment of Nakd snack bars

13 Mar 2024

Tax | Budget 2024: landfill tax flies up 22%

The 2025/26 tax year will see a 22% increase in landfill tax in a bid to incentivise individuals and businesses to seek more sustainable ways to dispose of waste

7 Mar 2024

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Business Tax

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Latest news

Tax | Q&A: tax implications of buying out a fellow director

Tax | HMRC approach is harming valid R&D claims

Tax | BlackRock loses £654m tax case over Barclays acquisition

Tax | ITV and LSE likely to be cleared in state aid tax case

Tax | Cartoon maker loses £150k SEIS tax claim

Tax | £200m landfill tax gap sparks call for reform

Tax | HMRC stamps out repayment notification letters

Tax | Top tips: changes to R&D tax relief

Tax | Business tax changes from 1 April 2024

Tax | Dog breeder slapped with £1.8m tax bill

Tax | Scaffolders win R&D appeal over £6k ‘carelessness’ penalty

Tax | Nursery school owner loses £196k tax dispute

Tax | Q&A: business asset disposal relief and tax planning

Tax | Fully funded apprenticeships for small business launched

Tax | Morrisons faces £1m VAT bill for Nakd bars

Tax | Budget 2024: landfill tax flies up 22%