Business Tax

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Tax | Q&A: corporation tax straddling periods

In this week’s Q&A, Roger Bradbury, tax advice consultant at Croner-i, explains how the rise in the corporation tax rate will affect a company reporting across two financial years

4 Jul 2023

Tax | GE Financial deemed US resident in £124m tax appeal

The Upper Tribunal (UT) has ruled that a UK resident company was also a US resident for the purposes of the UK/US double tax treaty which meant it could not claim credit of £124m in foreign tax

4 Jul 2023

Tax | Alcohol duty changes could see extra £3bn by 2027

The new alcohol duty system changes could see an additional £3bn raised in alcohol duties, according to the Office for Budget Responsibility (OBR)

4 Jul 2023

Tax | CIOT calls for wider guidance on crypto assets

The Chartered Institute of Taxation (CIOT) have called for wider guidance on the rules of crypto assets used in DeFi lending and staking transactions

28 Jun 2023

Tax | Indirect demerger of a trade – part 1

Paul Davies, FCA, senior tax writer at Croner-i, considers the tax considerations when separating a company’s trading activities in a statutory demerger

28 Jun 2023

Tax | Over 180,000 low earners caught by HMRC fines

HMRC fined more than 180,000 low earners for not filing their self-assessment returns on time, despite many not even earning enough to pay tax , according to thinktank Tax Policy Associates

27 Jun 2023

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Business Tax

HMRC

Tax | Q&A: health checks for employees

In this week’s Q&A, Croner-i advisor Vanessa Matthews, talks about the tax treatment on health checks for employees and whether they fall within benefits in kind

27 Jun 2023

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Business Tax

Employment Tax

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Tax | Making Tax Digital too complex for first pilot, says HMRC

The head of HMRC told MPs that it had underestimated the complexity of Making Tax Digital (MTD), which had caused eight years of delay and a failed pilot scheme

20 Jun 2023

Tax | Hospitality directors banned for £700k tax debt

A couple have been banned from being company directors for three years after owing more than £700,000 to HMRC

19 Jun 2023

Tax | Former soldier avoids jail over £45k VAT fraud

A former soldier who stole £45,000 in fraudulent VAT payments as part of a £1.2m fraud has been spared an immediate prison sentence

15 Jun 2023

Tax | Local billionaire rescues Wigan Athletic

The future of Wigan Athletic football club has been secured following a takeover by billionaire Mike Danson, who will pay salaries and outstanding tax

15 Jun 2023

Tax | OECD releases tax reporting framework for crypto

The Organisation for Economic Cooperation and Development (OECD) has launched a new tax framework designed to tackle tax evasion by holders of crypto assets

14 Jun 2023

Tax | Taxpayer loses £1.4m tax case over late payment

The Court of Appeal has ruled that a taxpayer did not have a reasonable excuse for not paying a £14m tax bill on time and upheld a £1.4m HMRC penalty

13 Jun 2023

Tax | Wigan Athletic faces winding-up over unpaid tax

HMRC has given Wigan Athletic football club a winding-up petition over a series of unpaid tax bills

13 Jun 2023

Tax | HMRC wealthy north team collects the most extra tax

HMRC’s specialist ‘wealthy north’ unit raked in more extra tax from investigating wealthy people in the North than its specialist wealth teams anywhere else in the UK, according to Pinsent Masons

12 Jun 2023