Business Tax

Latest news

Tax | Q&A: how to secure film tax relief

In this week’s Q&A, David Lawson, tax adviser at Croneri VIP Tax Team, explains the process for claiming film tax credits for upcoming productions filmed in both UK and overseas locations

18 Nov 2025

Tax | Q&A: business property relief and trusts

In this week’s Q&A, Kiya Jacobs, tax adviser at Croner-i VIP Tax Team, explains timing issues of using business property relief (BPR) before £1m cap comes into effect

11 Nov 2025

Tax | VAT thresholds: higher or lower?

Greg McNally, managing partner at VITA, puts the case for a radical approach to the VAT threshold to allow HMRC to focus on large company compliance and leave small businesses alone

10 Nov 2025

Tax

Business Tax

VAT

Image for nearly half businesses look quit if taxes hiked

Tax | Nearly half of businesses look to quit if taxes hiked

Four in 10 business owners would consider leaving the country if Budget delivers tax rises

7 Nov 2025

Tax | Q&A: tax and share buybacks

In this week’s Q&A, Croner-I tax adviser Vivienne Cheung explains tax implications of purchase of own shares from corporate shareholder

4 Nov 2025

Tax | Q&A: tax liability when converting loans to shares

In this week’s Q&A, David Woolley ATT, tax adviser at Croner-i VIP Tax Team, explains the tax considerations for funding bonds when converting a loan to a company into shares under s322(4) debt to equity rules

28 Oct 2025

Tax | Half of £2bn Patent Box tax break goes to 10 companies

Pharma giant GSK is one of the major beneficiaries of the generous Patent Box tax break, receiving tax relief of £486m in one year alone

27 Oct 2025

Business | Inheritance tax risk for family owned businesses

Karen Chadwick, private client tax partner at Hurst, warns family business owners to take urgent action before imminent overhaul of business property relief craters inheritance tax (IHT) advantages and threatens the future of generational family businesses

27 Oct 2025

Tax | Beware of unintended consequences of taxing partnerships

Today’s tax treat is talk of a Treasury plan to increase tax on all types of partnerships, but this is fraught with problems, says James Kipping, partner at MHA

22 Oct 2025

Business | Plan to charge LLPs employer NICs at 15%

As Budget rumours swirl, partners in limited liability partnerships could face a tax rise with the Treasury looking to raise £2bn by making LLPs pay employer national insurance

22 Oct 2025

Tax | Businesses not ready for inheritance tax ‘hassle’

‘Worryingly low’ number of businesses are aware of changes to business property relief (BPR) and risk of higher inheritance tax bills

21 Oct 2025

Tax | £71.2bn September tax take won’t plug fiscal black hole

Tax take for September hit £71.2bn, up an eye watering £7.7bn on the same time last year, highlighting the shocking impact of soaring tax rates and fiscal drag

21 Oct 2025

Tax | HMRC pulls in life science and AI experts to advise on R&D tax relief

Following clampdown on extensive abuse of R&D tax relief, HMRC sets up R&D advisory panel with six experts on life sciences, artificial intelligence and advanced manufacturing to improve understanding of complex area

16 Oct 2025

Tax

Business Tax

HMRC

Tax | HMRC Connect tool brings in record £4.6bn in unpaid tax

All powerful data analysis tool Connect raises additional £4.6bn in single year as thousands of HMRC staff use the big data network to root out non-compliant taxpayers

9 Oct 2025

Tax | Football crackdown kicks up £90m in unpaid tax

HMRC has ramped up investigations into footballs clubs, players and agents to stop tax leakage, raising an additional £90m in tax, up by a third in a single year

8 Oct 2025

Tax | HMRC clarifies apportionment calculations for electric car mileage

HMRC has updated the advisory fuel rates to reflect the decision to create different electric fuel rates for home and public charging, and how to split costs

7 Oct 2025