Personal Tax

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Image for hmrc releases first detailed mtd income tax guidance

Tax | HMRC releases first detailed MTD for income tax guidance

HMRC has finally published detailed guidance on how Making Tax Digital for Income Tax (MTD) will work for buy-to-let landlords and sole traders with qualifying income over £10,000 which will see the end of self assessment tax returns

30 Aug 2022

Tax | £5k penalties for failure to register trusts

The Low Incomes Tax Reform Group (LITRG) is reminding trustees that most trust arrangements need to be registered with HMRC’s Trust Registration Service (TRS) by 1 September 2022

25 Aug 2022

Tax | US IRS waives late tax return penalties

The US Internal Revenue Service (IRS) plans to waive penalties for late returns for US businesses and individual taxpayers who missed filing deadlines at the height of the covid-19 pandemic

25 Aug 2022

Tax

Personal Tax

International Tax

Image for one week left update post 16 child benefit claims

Tax | One week left to update post-16 child benefit claims

HMRC is reminding parents and carers of 16 to 19-year-olds that they have until 31 August to confirm whether their teenager is staying in full-time education or approved training

23 Aug 2022

Tax

Personal Tax

HMRC

Image for ciot and att set joint crypto tax working group

Tax | CIOT and ATT set up joint crypto tax working group

Leading tax experts have set up a joint cryptoassets working group to focus on the tax complexities of dealing with crypto currency and tax compliance for accountancy firms

22 Aug 2022

Tax | Commonwealth Games letters warned about tax liability

Homeowners who rented out properties during the Commonwealth Games need to make sure they are registered for self assessment to pay tax liability, warns HMRC

22 Aug 2022

Tax | Director loses £42k appeal over tax penalty

A director of a small group of companies trading in residential care homes and supported living has lost an appeal against a First Tier Tribunal (FTT) decision over income tax

19 Aug 2022

Tax | London landmark tax avoidance scheme named

A tax avoidance promoter based in The Shard has been exposed by HMRC with users warned to withdraw or risk large tax bills as the majority of their income has not been taxed

18 Aug 2022

Tax | MTD for ITSA: opportunity for accountants

The next big change in the tax world is the move to Making Tax Digital for Income Tax, which will give accountants a potential new revenue stream, explains Sam O’Connor, CEO and co-founder, Coconut

18 Aug 2022

Tax

Making Tax Digital

Personal Tax

Image for thousands trusts sign register

Tax | Thousands of trusts sign up to register

Trustees are signing up to the trustee registration service at a faster rate than any time since the register was first set up, but nearly a million trusts are not registered

16 Aug 2022

Tax

Personal Tax

Tax Compliance

Image for hmrc piles pressure taxpayers behind payments

Tax | HMRC piles pressure on taxpayers behind on payments

A further increase on interest paid to HMRC for late payment of taxes will hit taxpayers who are not up-to-date, warns Blick Rothenberg

16 Aug 2022

Tax | HMRC warning on how to spot umbrella companies

HMRC has updated guidance on how to spot a fraudulent umbrella company abusing the VAT flat rate scheme and employment allowance to avoid taxes

12 Aug 2022

Tax | Student loan rate increases by 1.8%

The government plans to curb the interest rate on student loans with annual interest rate of 6.3% for graduates on Plan 2 and Plan 3 loans

10 Aug 2022

Tax

Personal Tax

Tax | HMRC enquiry activity up 60%

Over the last quarter Croner-i has seen the number of insurance claims increase by 60% as HMRC ramps up enquiry activity into potential tax avoidance

4 Aug 2022

Tax | Register for webinar on electric vehicles and tax reliefs

Croner-i is running a free tax webinar focusing on the tax reliefs available when investing in electric cars and vans

4 Aug 2022

Tax | Capital gains tax receipts hit record £14.3bn

The amount of capital gains tax (CGT) collected in the last year was up 42% on the previous year with a staggering £14.3bn in revenue for the Treasury

4 Aug 2022

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Tax Services

Latest news

Tax | HMRC releases first detailed MTD for income tax guidance

Tax | £5k penalties for failure to register trusts

Tax | US IRS waives late tax return penalties

Tax | One week left to update post-16 child benefit claims

Tax | CIOT and ATT set up joint crypto tax working group

Tax | Commonwealth Games letters warned about tax liability

Tax | Director loses £42k appeal over tax penalty

Tax | London landmark tax avoidance scheme named

Tax | MTD for ITSA: opportunity for accountants

Tax | Thousands of trusts sign up to register

Tax | HMRC piles pressure on taxpayers behind on payments

Tax | HMRC warning on how to spot umbrella companies

Tax | Student loan rate increases by 1.8%

Tax | HMRC enquiry activity up 60%

Tax | Register for webinar on electric vehicles and tax reliefs

Tax | Capital gains tax receipts hit record £14.3bn