Tax | More than 33,600 tax credits claimants use HMRC app to renew

A record 33,600 tax credit claimants have used the HMRC app to renew their tax credits claim so far this year, a 39% increase on last year, HMRC has revealed

12 Jul 2022

Tax

Personal Tax

HMRC

Tax | Former F1 boss faces fraud charges over offshore assets

The Crown Prosecution Service has charged former F1 boss Bernie Ecclestone with fraud by false representation, following an HMRC investigation

11 Jul 2022

Tax

Personal Tax

HMRC

Tax | Is direct taxpayer access to HMRC always a good thing?

Increasing use of HMRC’s digital disclosure service via the internet can be a high risk approach for ill-informed taxpayers, warns Andrew Park, tax investigations partner at Andersen

11 Jul 2022

Tax

Personal Tax

HMRC

Tax Compliance

Tax | Paybox Umbrella flagged as enabler of tax avoidance

HMRC has pulled up Paybox Umbrella Limited, naming the firm as an enabler of tax avoidance after contractors are part paid with untaxed advance payment

8 Jul 2022

Tax

Employment Tax

Personal Tax

HMRC

Tax | HMRC flags Novus Consultants over tax avoidance

HMRC has updated the tax avoidance scheme promoters list, adding Novus Consultants, as it is operating an avoidance scheme to reduce tax bills for workers

7 Jul 2022

Tax

Employment Tax

Personal Tax

HMRC

Tax | Lack of awareness of CGT liability among crypto investors

More than half of investors in cryptocurrency have limited or no understanding of capital gains tax and associated tax liability on crypto transactions

6 Jul 2022

Tax

Personal Tax

HMRC

Tax Compliance

Tax | Rise in National Insurance threshold to £12,570 effective

The increase in the National Insurance contributions threshold came into effect from 4 July, cutting the tax by an average £330 per worker

6 Jul 2022

Tax

Employment Tax

Personal Tax

Tax | Government to review tax on DeFi cryptoasset loans

The government is consulting on plans to reform and simplify the taxation of cryptoasset loans and ‘staking’ within the context of decentralised finance (DeFi)

5 Jul 2022

Tax

Business Tax

Personal Tax

Consultations

Tax | Q&A: capital gains tax and non-residents

In this week’s Q&A, Croner-i tax adviser Julian Payne, considers the tax compliance issues for non-residents when facing capital gains tax on disposal of business assets

5 Jul 2022

Tax

Personal Tax

Property Tax

Tax Compliance

Tax Planning

Tax | Sky Sports presenter Alan Parry loses £356k IR35 case

In the latest IR35 case, Sky Sports presenter Alan Parry faces a £356,420 tax bill after judge rules that his working arrangements were equivalent to employment contract

5 Jul 2022

Tax

Personal Tax

Case Reports

Tax | Business expenses and tax breaks confuse self employed

One of the biggest problems for self employed taxpayers relates to confusion over allowable business expenses when completing self assessment returns

1 Jul 2022

Tax

Personal Tax

HMRC

Tax Planning

Tax | HMRC investigates tax evaders over Puerto Rico bank links

HMRC is working with Puerto Rico authorities to investigate hundreds of UK taxpayers who used the Euro Pacific Bank to evade UK taxes

1 Jul 2022

Tax

Personal Tax

International Tax

HMRC

Tax | Taxpayers call for single point of contact at HMRC

Taxpayers want easy access to information about taxes in a clear and understandable format, with critical information located in a single HMRC customer hub rather than scattered around the gov.uk site

30 Jun 2022

Tax

Personal Tax

HMRC

Tax | Higher rate taxpayers to hit record 5.5m

The number of higher rate tax payers is set to increase by 4.1% in 2022-23 with 5.5m individuals expected to pay the 40% rate

30 Jun 2022

Tax

Personal Tax

Politics

Tax | Scotland needs to redesign tax system

The Scottish tax system needs a major overhaul, rather than simply tinkering with the rates of current taxes, including a potential land tax to replace stamp duty

28 Jun 2022

Tax

Personal Tax

Tax Compliance