Tax | HMRC targets car dealers over £444m in unpaid tax

The automotive sector is facing HMRC scrutiny as dealerships across the UK are being investigated for suspected tax evasion

25 Aug 2023

Tax

Business Tax

VAT

Tax Compliance

Tax | Creative industry benefits from £1.66bn tax reliefs

A record amount of tax reliefs was paid out to companies in the creative sector as the figure shot up by £600m to £1.66bn as government considers overhaul of system

24 Aug 2023

Tax

Business Tax

Tax Compliance

Tax Planning

Tax | Southend United given extension to pay £275k tax bill

The owners of Southend United Football Club have been given six weeks to settle an outstanding tax bill for £275,000

24 Aug 2023

Tax

Business Tax

HMRC

Tax | Online process for claiming overlap relief delayed

HMRC has delayed the launch of an online service to help sole traders, self employed and accountants calculate overlap relief due to basis accounting rule change

24 Aug 2023

Tax

Business Tax

HMRC

Tax | £40bn of property owned by offshore tax haven firms

UK property with a market value of £39.8bn is held by overseas companies not subject to domestic tax laws, according to research from Stripe Property Group

22 Aug 2023

Tax

Business Tax

International Tax

HMRC

Tax Compliance

Companies

Accountancy Firms

Tax | Inheritance tax take hits £2.6bn

HMRC raked in £2.6bn in inheritance tax (IHT) receipts between April to July 2023, with receipts in June this year the highest monthly total on record

22 Aug 2023

Tax

Business Tax

Personal Tax

Property Tax

VAT

HMRC

Tax Compliance

Tax | Q&A: loan impairment

In this week’s Q&A, Croner-i tax adviser David Lawson talks about loan impairment and the implications if a loan is written off

22 Aug 2023

Tax

Business Tax

Tax Compliance

Tax | One in 10 SMEs face £45k bill for overdue tax

Corporation tax and VAT are the biggest tax headaches for SMEs with more than 550,000 struggling to pay tax bills

17 Aug 2023

Tax

Business Tax

VAT

Tax Compliance

Companies

Accountancy Firms

Tax | Property investor loses £45m tax dispute

HMRC has won an appeal at the First Tier Tribunal (FTT) over a corporation tax bill totalling £45m after a company relocated to the Netherlands

14 Aug 2023

Tax

Business Tax

HMRC

Case Reports

Tax | HMRC owed £3.1m in unpaid tax over Britishvolt collapse

Collapsed Britishvolt owes HMRC over £3.1m in unpaid tax and national insurance, reveals latest EY insolvency report

9 Aug 2023

Tax

Business Tax

HMRC

Tax Compliance

Companies

Accountancy Firms

Tax | R&D claims to come under greater scrutiny

Claiming tax relief for research and development is set to get harder as HMRC seeks to clamp down on the estimated £1.13bn of fraud and error in claims

8 Aug 2023

Tax

Business Tax

Tax Compliance

Tax | IT company loses £167m diverted profits tax case

The Upper Tribunal has refused an application to force HMRC to disclose reasons for issuing charging notices related to a diverted profits tax bill for £167m

8 Aug 2023

Tax

Business Tax

HMRC

Case Reports

Tax | Deloitte wins £100m post-Brexit digital contract

Deloitte has secured a contract worth up to £100m to help HMRC co-design a digital platform for exporters dealing with the new single trade window project

3 Aug 2023

Tax

Business Tax

HMRC

Tax | Wines prices up 50p after alcohol tax hike

Drinkers will face significant price increases under new tax rules as the duty on a bottle of wine rises up to 20% although a pint of beer will cost 11p less in the pub

1 Aug 2023

Tax

Business Tax

Companies

Accountancy Firms

Tax | Liverpool investment zone secures £80m funding

Plans for a Liverpool investment zone have been given a boost with up to £80m of government funding to drive growth in the life sciences sector and deliver 4,000 jobs

27 Jul 2023

Tax

Business Tax

Companies

Accountancy Firms