Business Tax

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Image for wigan athletic handed transfer embargo hmrc issues

Tax | Wigan Athletic handed transfer embargo for HMRC issues

Wigan Athletic football club have fallen under a transfer embargo for conflicting with English Football League (EFL) rules related to tax owed to HMRC

9 Jun 2023

Tax | Oil and gas windfall tax could be scrapped

The energy profits levy, which puts a marginal tax rate of 75% on North Sea oil and gas production, will remain in place for the next five years unless prices drop

9 Jun 2023

Tax

Business Tax

Politics

Image for public trust hmrc falls lowest level

Tax | Public trust in HMRC falls to lowest level

The UK public continue to lose trust in HMRC as it opens fewer tax enquiries and prosecutes far fewer people for tax evasion, warns the Fair Tax Foundation

7 Jun 2023

Tax | London Irish hit with winding-up over tax bill

London Irish rugby club have been handed a winding-up petition by HMRC over an unpaid tax bill, becoming the third Premiership club to face financial meltdown

5 Jun 2023

Tax | Wealth advisers criticise anti-tax culture

Advisers working in private wealth industry have called out the ‘anti-tax’ culture, which continues to negatively impact clients

5 Jun 2023

Tax | Property developer loses £2.79m tax case

A property developer has lost an appeal at the Upper Tribunal over a dispute with HMRC over withholding tax on £2.79m in income earned from interest

1 Jun 2023

Tax | Amazon paid £781m in UK taxes

The UK division of Amazon paid £781m in corporation tax and employer national insurance in 2022, up £130m on the previous year

1 Jun 2023

Tax | Adviser must compensate client over £200k EIS investment

The Financial Ombudsman Service (FOS) has ordered Armstrong Watson Financial Planning to compensate the estate of a customer mis-sold an enterprise investment scheme

31 May 2023

Tax

Business Tax

Property Tax

Image for taxman targets 512 uk businesses using tax havens

Tax | Taxman targets 512 UK businesses using ‘tax havens’

HMRC is tracking over 500 UK businesses suspected of using so-called tax havens, up 84% from the 277 businesses flagged last year

30 May 2023

Tax

Business Tax

HMRC

Image for scottish energy giant wins ps200m tax case

Tax | Scottish energy giant wins £200m tax case

FTSE 100 power company SSE has won a case at the Supreme Court over a long-running dispute over whether a claim for capital allowances was tax deductible

24 May 2023

Tax | Q&A: R&D claim notification changes

In this week’s Q&A, we explain the new requirements for research and development (R&D) claims as new rules kick in for claimants with extra information disclosure

23 May 2023

Tax | Tax take hits £70.8bn in April

HMRC raked in £70.8bn in total tax collected in April 2023 from £63.4bn the previous month, with inheritance tax (IHT) continuing to rise as a result of frozen allowances and inflation

23 May 2023

Tax | Taxi driver tax registration extended to NI and Scotland

Advance tax registration for taxi drivers and scrap metal dealers will be mandatory in Scotland and Northern Ireland from October before a licence to operate is issued

23 May 2023

Tax | Accountant loses £78k tax appeal

An accountant has lost an Upper Tribunal case against a notice of requirement (NOR) to pay security for PAYE and national insurance contributions (NICs) totalling £78,000

22 May 2023