Personal Tax

HMRC

Tax | HMRC raises £16bn in NIC in April

HMRC collects the most National Insurance contributions (NICs) ever bringing in £16bn in April 2022

24 May 2022

Tax | HMRC wins Hoey £79k disguised remuneration case

The court has ruled that a taxpayer was liable to pay £79,581 worth of tax on his income which was paid through a tax avoidance scheme

20 May 2022

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Tax | 66,500 filed self assessments on 6 April

Official HMRC data revealed that 66,500 people filed their self assessment on the first day of the tax year

12 May 2022

HMRC

Tax | A super tax for energy investors

Public interest business protection tax is designed to act as a deterrent for large companies looking to monetise valuable assets that may cause energy supply companies to fail. Christy Wilson, associate at Katten Muchin Rosenman UK LLP, explains

12 May 2022

Business Tax

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Tax | Number of employee ownership trusts surges

There has been a dramatic increase in the number of companies making applications to HMRC to become employee-owned through share trusts

11 May 2022

Tax | Court overturns decision on £143k tax case

The court has overturned a previous ruling concluding that as the taxpayer offered no case for the entirety of their £143,000 tax appeal then it must be all withdrawn and all seven appeals dismissed

10 May 2022

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Tax | Almost 32,000 reclaims for overpaid inheritance tax

Families in the UK have made nearly 32,000 reclaims for overpaid inheritance tax in the past six years, figures obtained by financial advisers NFU Mutual reveal

10 May 2022

Tax Compliance

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Tax | Settlement of director’s loan was ‘contrived’

The GAAR advisory panel has ruled that a scheme involving the creation and sale of pension obligations to settle a director’s loan breaks the tax rules

10 May 2022

Tax Compliance

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Tax | Appeal against £22k tax allowed due to agent fraud

A taxpayer has been allowed his late appeal against a discovery assessment of £22,896.60 ruling that the late appeal was justified as the case involved fraud, Covid-19, and working on offshore oil rigs

9 May 2022

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Tax | Insecure work costs Treasury £10bn annually

The Treasury loses around £10bn every year due to insecure work and the proliferation of zero-hour contracts and low paid self employment, claims the TUC

9 May 2022

Tax | J5 tax authorities warn on risk of NFTs

The Joint Chiefs of Global Tax Enforcement (J5) has released an intelligence bulletin, warning banks, law enforcement personnel and private citizens of some of the dangers when dealing with non-fungible tokens (NFTs)

5 May 2022

Tax | Filing deadlines May – August 2022

In our handy guide to tax filing deadlines, we provide an at-a-glance guide to key dates from deadline for Forms P46(Car), P60 payroll reporting to employees, and confirmation statements showing benefits that have had tax collected through payroll in 2021-22

3 May 2022

Tax | 1.3m southerners dragged into higher tax threshold

Over 1.3m people in London and across the southeast will be caught by the higher tax threshold by 2025-26 research reveals

29 Apr 2022

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Tax | Lords condemn government’s approach to IR35

A House of Lords Committee has heavily criticised the government’s approach to IR35 stating that they are promoting a system that is ‘uncompetitive, complex, burdensome, and unfair’

28 Apr 2022

Employment Tax

Image for kaye adams sees ir35 case sent back lower tribunal decision

Tax | Kaye Adams sees IR35 case sent back to lower tribunal for decision

The Court of Appeal has failed to make a definitive ruling over a disputed IR35 claim over £124,000 of tax from presenter Kaye Adams and has sent it back to a lower tribunal to make the final judgment

27 Apr 2022