Tax | Want to restructure your business? Download our webinar

Croner-i ran a webinar on business restructuring and the tax implications hosted by Peter Rayney on 3 November - it is now available to download

2 Nov 2022

Tax

Business Tax

Tax Planning

Tax | HMRC arrests eight over £16m R&D tax scam

As part of a clampdown on the misuse of research and development (R&D) tax credit, HMRC has arrested a gang making fraudulent claims worth millions

31 Oct 2022

Tax

Business Tax

HMRC

Tax | Online platforms will have to disclose seller details

Plans to tighten up the rules on sellers of goods on online platforms will help HMRC to crack down on tax evaders and share information with other tax authorities

27 Oct 2022

Tax

Business Tax

Consultations

Tax | Tax take hits £368.9bn driven by income tax

Total tax receipts for the first six months of the year are up by £35bn to £368.9bn, with income tax and National Insurance spiking by 15%

21 Oct 2022

Tax

Business Tax

Personal Tax

HMRC

Tax | UK ranks 26th in global tax rankings

The UK ranked 26th place in the International Tax Competitiveness Index (ITCI) rankings, although it had one of the lowest corporation tax rates

21 Oct 2022

Tax

Business Tax

Employment Tax

International Tax

Tax | MTD extension will raise costs for SMEs, says ABAB

Making Tax Digital for Income Tax will raise costs for business and will not reduce the time spent completing tax returns

21 Oct 2022

Tax

Making Tax Digital

Business Tax

HMRC

Tax Compliance

Tax | R&D relief to be explored by Lords sub-committee

The House of Lords Finance Bill sub-committee has invited companies to contribute to its inquiry on the draft Finance Bill 2022-23

18 Oct 2022

Tax

Business Tax

Tax Planning

Tax | Q&A: mileage allowance payments and tax liability

In our regular Q&A, Croner-i payroll adviser Carla Kennedy, explains the tax liability issues if you decide to pay employees more than the higher approved mileage allowance payment

18 Oct 2022

Tax

Business Tax

Employment Tax

Personal Tax

Tax | PM u-turns on corporation tax hike

The Prime Minister Liz Truss has u-turned on corporation tax, with plans to go ahead with the increase to 25% from April 2023, after sacking Chancellor 

14 Oct 2022

Tax

Business Tax

Budget

Politics

Tax | Renewable energy companies face windfall tax

Renewable electricity companies will have to pay a one-off tax on income as their profits soar due to the energy crisis

12 Oct 2022

Tax

Business Tax

Tax | Shell CEO calls to tax energy firms

The chief executive of Shell, Ben van Beurden, has called on the government to tax oil and gas companies to protect struggling households from soaring energy costs

5 Oct 2022

Tax

Business Tax

Accountancy Firms

Tax | Q&A: employee ownership trust funding

In this week’s Q&A, Croner-i tax consultant David Woolley examines the tax implications of an employee ownership trust (EOT) in funding the purchases of company shares 

4 Oct 2022

Tax

Business Tax

Tax Compliance

Tax | The changing face of EU and UK tax priorities

In the six years since the Brexit vote, the EU and UK has begun to diverge on tax policies. Alex Smith and Christiaan Van Der Valk of Sovos assess the current tax landscape

3 Oct 2022

Tax

Business Tax

International Tax

VAT

Tax | Business property relief and excepted assets

Building up cash reserves could leave a nasty sting in the tail if you want to use business property relief to offset inheritance tax bills, but there are ways to mitigate the problem

28 Sep 2022

Tax

Business Tax

Tax Compliance

Tax Planning

Tax | Q&A: super deduction balancing charge

In this week’s Q&A, Croner-i tax adviser David Lawson, considers the best time to dispose of machinery purchased through the super deduction tax break

27 Sep 2022

Tax

Business Tax

Tax Compliance

Tax Planning