Business Tax

Latest news

Image for dental practice wins tax ruling over ps980k trust status

Tax | Dental practice wins tax ruling over £980k trust status

The court has ruled against HMRC and found that £980,000 worth of loans made to a director from a remuneration trust were not connected to employment and not subject to tax or National Insurance contributions (NIC)

13 Sep 2021

Tax | CBI chief warns against increase of business taxes

The government should stop increasing taxes on businesses and jobs, as it risks derailing the economy’s recovery from the pandemic says the Confederation of British Industry (CBI)

13 Sep 2021

Tax | HMRC targets unregulated tax advisers

HMRC is investigating 153 unregulated tax advisers for allegedly helping clients avoid tax, says international law firm RPC

13 Sep 2021

Tax | EXCLUSIVE: Hardman’s Tax Data offered free to Accountancy Daily readers

In a major enhancement to Accountancy Daily, Croner-i has made a further substantial investment in our news portal to give subscribers free exclusive access to Hardman’s Key Data, an unrivalled online service detailing all the essential tax data, updated in real time. Croner-i’s online Hardman’s Key Data service contains all the numerical and factual tax data needed regularly by tax, accounting and finance professionals

13 Sep 2021

Tax | Farms: CGT and ascertained value for accounts

With farmland values remaining high and some farmers looking to sell farmland, sometimes in small blocks, the base cost for capital gains tax (CGT) becomes a key consideration. Julie Butler, joint managing partner at Butler and Co, examines the accounting and tax planning priorities

9 Sep 2021

Tax | Amazon pays £492m tax as online sales surge

Following a hike in online sales during the pandemic, Amazon has paid £492m in UK corporatiaon tax, up from £293m in 2019

8 Sep 2021

Tax | 1.25% tax hike to cover social care costs

The launch of a social care levy from 2022 will see all taxpayers facing a 1.25% tax charge under government plans, while dividend tax will also rise

7 Sep 2021

Tax | European banks shift £17.5bn to tax havens

The main European banks book 14% of their total profits in tax havens each year despite the introduction of mandatory information disclosure through country by country reporting

6 Sep 2021

Tax | HMRC secures rare 100% success rate in court cases

In the last three months HMRC has won 100% of its criminal cases which is up from an overall 88% success rate for 2019-20

6 Sep 2021

Tax | Takeaway boss jailed for dodging £103k tax

A takeaway owner has been sentenced to two and a half years in prison for purposely avoiding paying £103,000 in tax over the course of four years

2 Sep 2021

Tax | Filing deadlines: September – December 2021

In our handy guide to tax filing deadlines, we provide an at-a-glance guide to key dates from the deadline for corporation tax second quarterly instalment payment for very large companies and final claims for coronavirus job retention scheme

2 Sep 2021

Tax | Business rates discourage net-zero improvements

The Federation of Small Businesses (FSB) has called on the government to 'fix the system' that sees businesses incurring additional tax when they make improvements for net zero

1 Sep 2021

Tax | Super-deduction tax break – CPD module

In this month's exclusive Accountancy Daily CPD module, we focus on the super-deduction detailing what the relief is and how it is given, the conditions that must be met for the expenditure to qualify for the super deduction, and the disposal of the asset

1 Sep 2021

Tax | Court rules for £2.5m corporate tax deductions

The Upper Tribunal (UT) has overturned the First-Tier Tribunal’s (FTT) decision by ruling that corporation tax deductions of £2.5m were eligible for fees relating to advice on the disposal of assets

31 Aug 2021

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Business Tax

Case Reports

Image for hmrc opened 278 tax investigations lockdown

Tax | HMRC opened 278 tax investigations in lockdown

HMRC launched 278 civil investigations into suspected tax evasion during the first 10 months of the Covid-19 pandemic says UHY Hacker Young

31 Aug 2021

Tax | Q&A: tax liability on loan to shareholder

In our regular Q&A series, Croner Taxwise tax consultant Vivienne Cheung considers whether a loan to a non-employee shareholder should be treated as a benefit in kind

31 Aug 2021

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Tax Services

Latest news

Tax | Dental practice wins tax ruling over £980k trust status

Tax | CBI chief warns against increase of business taxes

Tax | HMRC targets unregulated tax advisers

Tax | EXCLUSIVE: Hardman’s Tax Data offered free to Accountancy Daily readers

Tax | Farms: CGT and ascertained value for accounts

Tax | Amazon pays £492m tax as online sales surge

Tax | 1.25% tax hike to cover social care costs

Tax | European banks shift £17.5bn to tax havens

Tax | HMRC secures rare 100% success rate in court cases

Tax | Takeaway boss jailed for dodging £103k tax

Tax | Filing deadlines: September – December 2021

Tax | Business rates discourage net-zero improvements

Tax | Super-deduction tax break – CPD module

Tax | Court rules for £2.5m corporate tax deductions

Tax | HMRC opened 278 tax investigations in lockdown

Tax | Q&A: tax liability on loan to shareholder