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Tax | Turnover calculation added to fifth SEISS claims

The application process for the fifth Self-Employment Income Support Scheme (SEISS) grant will depend on details of two years of turnover and losses resulting from the pandemic

9 Jul 2021

Tax | HMRC clarifies claim process for SDLT claims in freeport sites

HMRC has issued guidance on how to claim relief from stamp duty land tax (SDLT) in freeport tax sites once they are approved

9 Jul 2021

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Property Tax

Image for upper tribunal denies multimillion pound lrr tax relief claim

Tax | Upper Tribunal denies multimillion pound LRR tax relief claim

The Upper Tribunal has ruled against Northern Gas Networks judging that the removal or improvement of iron pipes was not qualifying expenditure for a land remediation tax relief claim (LRR), estimated to be worth a minimum of £17m

8 Jul 2021

Tax | ICAS calls for improvements to HMRC service levels

Overly complex tax rules and poor service standards need to be addressed to build taxpayer confidence in the tax system, warns ICAS

6 Jul 2021

Tax | Supreme Court quashes £8.6m follower notice

The Supreme Court has ruled against HMRC and confirmed the Court of Appeal’s decision to throw out a ‘draconian’ follower notice issued for £8.6m by the tax authority

5 Jul 2021

Tax | Restaurateurs banned over £500k tax bill

Three restaurateur brothers have been banned after under-reporting their restaurant’s earnings, building up a tax bill of over £500,000

2 Jul 2021

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Restructuring & Insolvency

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Tax | 130 countries set a minimum rate of 15% for corporation tax

130 countries from across the world have agreed to accept a global minimum corporation tax rate of 15% to draw a line under tax avoidance by multinational companies

2 Jul 2021

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Business Tax

International Tax

Tax | Filing deadlines: July 2021

In our handy guide to tax filing deadlines, we provide an at-a-glance guide to key dates from deadline for applying for a PAYE Settlement Agreement (PSA) to VAT returns and payments due for quarter ended 31 May 2021

1 Jul 2021

Tax | Tax for owner managed businesses – CPD module

In this month's exclusive Accountancy Daily CPD module, we cover a high level review of some of the tax issues for owner managed businesses (OMB) over their lifecycle, from the beginning, to expansion, exit or family succession planning

1 Jul 2021

Tax | HMRC-branded phishing scams surge despite protections

The number of HMRC-branded phishing scams surged 87% in the past 12 months, according to the latest revealed figures

30 Jun 2021

Tax | Business rates support to shrink for thousands of covid-hit firms

Thousands of businesses across the UK are preparing to restart property tax payments as the current £13.8bn business rates holiday is cut today

30 Jun 2021

Tax | HMRC's IR35 CEST tool leaves over 200k workers ‘in limbo’

Data published by HMRC show that the tax authority’s IR35 status checker tool determined that 210,000 workers were labelled as ‘undetermined’ when figuring out their employment status

29 Jun 2021

Tax | HMRC wins case concerning £79k input tax credit

HMRC has won an appeal to the Upper Tribunal (UT) against the First Tier Tribunals’ decision that HMRC was not entitled to deny or restrict, Hi-Octane Import's input tax credit claim of over £79k in respect of any purchases from Q Autos Limited (QAL)

29 Jun 2021

Tax | CIOT calls to put umbrella companies in ‘wider definition’ of tax advice

The Chartered Institute of Taxation (CIOT) calls on the government to include non-compliant umbrella companies and providers of tax software in their plans to improve the standard of the tax advice market

25 Jun 2021

Tax | Poundland wins £2.15m HMRC VAT case

The high street retailer Poundland has won a £2.15m VAT case against HMRC regarding a stock adjustment dispute on the group’s switch from its old bespoke retail scheme

25 Jun 2021

Tax | Businesses need to be careful when dealing with HMRC over debt calls

Jessica McLellan, tax risk & dispute resolution partner at City-based accountancy firm, Wilson Wright, warns that HMRC’s softer approach to debt collection can still leave companies facing problems if they have ongoing disputes with HMRC

24 Jun 2021

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Latest news

Tax | Turnover calculation added to fifth SEISS claims

Tax | HMRC clarifies claim process for SDLT claims in freeport sites

Tax | Upper Tribunal denies multimillion pound LRR tax relief claim

Tax | ICAS calls for improvements to HMRC service levels

Tax | Supreme Court quashes £8.6m follower notice

Tax | Restaurateurs banned over £500k tax bill

Tax | 130 countries set a minimum rate of 15% for corporation tax

Tax | Filing deadlines: July 2021

Tax | Tax for owner managed businesses – CPD module

Tax | HMRC-branded phishing scams surge despite protections

Tax | Business rates support to shrink for thousands of covid-hit firms

Tax | HMRC's IR35 CEST tool leaves over 200k workers ‘in limbo’

Tax | HMRC wins case concerning £79k input tax credit

Tax | CIOT calls to put umbrella companies in ‘wider definition’ of tax advice

Tax | Poundland wins £2.15m HMRC VAT case

Tax | Businesses need to be careful when dealing with HMRC over debt calls