Business Tax

Latest news

Image for hmrc hikes demands confidential info tax probes

Tax | HMRC hikes demands for confidential info in tax probes

HMRC made 875 requests to professional services firms, such as tax advisers, accountants, and lawyers, for information relating to clients suspected of tax evasion in the last year

24 Jan 2022

Tax | Taxpayer wins dispute over £19m VAT bill

The court has allowed an appeal against HMRC’s decision to refuse a taxpayer £19m VAT recovery ruling that the company did not know the relevant transactions were connected to fraud

24 Jan 2022

Tax

Business Tax

VAT

Image for court overturns claim over ps400k tax assessments

Tax | Court overturns claim over £400k tax assessments

The court has upheld PAYE, NICs, and corporation tax assessments totalling £400,000 as the business was found to have used a tax avoidance scheme

20 Jan 2022

Tax | Restaurateur loses £530k tax appeal case

The court has refused to allow an appeal from a restaurant owner against tax assessments and penalties totalling £531,553.79 which were given for deliberate discrepancies

19 Jan 2022

Tax

Business Tax

Case Reports

Image for hmrc consults final rules uncertain tax treatment

Tax | HMRC consults on final rules for uncertain tax treatment

HMRC is running a brief consultation on the final plans for the rollout of new uncertain tax treatment rules for the largest businesses and has confirmed the penalty regime

19 Jan 2022

Tax

Business Tax

Tax Compliance

Image for high court throws out oil and gas tax case

Tax | High Court throws out oil and gas tax case

Environmental activists have lost their argument for a judicial review at the High Court over whether the UK’s tax breaks for the oil and gas sector represent unfair subsidies for the fossil fuel industry

18 Jan 2022

Tax

Business Tax

Case Reports

Image for hmrc increase use debt collection companies

Tax | HMRC to increase use of debt collection companies

The head of HMRC has told MPs that there are plans to increase its work with private sector debt collectors to tackle the UK’s current tax debt and improve its services in the long term

18 Jan 2022

Tax | Tax inquiries brought in £1.1bn last year

HMRC cash collection brought in £1.1bn from tax compliance investigations in the last quarter which is a 28% drop compared to the same time last year when £1.5bn was recovered

17 Jan 2022

Tax | Farmer loses £600k tax relief case

The court has ruled against a taxpayer who requested sideways tax relief of nearly £600,000 for the tax years where his farming businesses was not making a profit

17 Jan 2022

Tax

Business Tax

Case Reports

Image for contractor trust cest ir35 accuracy falls

Tax | Contractor trust in CEST IR35 accuracy falls

Only 5% of contractors trust HMRC’s CEST tool to accurately decide their tax status and only 4% trusted HMRC to keep its promise to stand by the tool’s results

13 Jan 2022

Tax

Business Tax

HMRC

Image for italian wine producer wins ps12m tax case

Tax | Italian wine producer wins £1.2m tax case

The court has ruled in favour of the taxpayer against a £1,294,028 tax bill as the assessment notices were not formally issued by HMRC in the timeframe

13 Jan 2022

Tax | Digital taxation: impact of pillars one and two

As plans to implement a minimum corporate tax rate for multinationals enters the consultation phase in the UK, Glyn Fullelove, tax writer at Croner-i, assesses the implications of pillars one and two on tax planning

12 Jan 2022

Tax | Treasury consults on global minimum tax for multinationals

The Treasury is consulting on the framework for rolling out the 15% global minimum tax on profits which will be payable by the largest multinationals from 2023

11 Jan 2022

Tax | Covid-19 support grants must be included on company tax returns

HMRC is urging tax agents and accountants to remind their clients that Covid-19 support grants or payments are taxable and should be declared on their company tax returns

11 Jan 2022

Tax | Government under pressure to delay NICs hike

More pressure has been put on the government to halt the National Insurance Contributions (NICs) increase amid the rising cost of living and surging energy prices

7 Jan 2022

Tax

Business Tax

Personal Tax