Tax | Court overturns claim over £400k tax assessments

The court has upheld PAYE, NICs, and corporation tax assessments totalling £400,000 as the business was found to have used a tax avoidance scheme

20 Jan 2022

Tax

Business Tax

Employment Tax

Personal Tax

Case Reports

Tax | Millionaires call for wealth taxes

Over 100 millionaires have called on governments worldwide to introduce permanent wealth taxes to reduce global inequality and raise revenue for countries to recover from the pandemic

19 Jan 2022

Tax

Personal Tax

Tax | HMRC to increase use of debt collection companies

The head of HMRC has told MPs that there are plans to increase its work with private sector debt collectors to tackle the UK’s current tax debt and improve its services in the long term

18 Jan 2022

Tax

Business Tax

Personal Tax

HMRC

Tax | Tax inquiries brought in £1.1bn last year

HMRC cash collection brought in £1.1bn from tax compliance investigations in the last quarter which is a 28% drop compared to the same time last year when £1.5bn was recovered

17 Jan 2022

Tax

Business Tax

Personal Tax

HMRC

Tax | Tax rebate companies take 48% cut of claims

Tax rebate companies usually take a 25% to 48% cut of all the claims they make according to an investigation from Which

14 Jan 2022

Tax

Personal Tax

HMRC

Tax | Top rate Scottish taxpayers pay 60% of income tax

The amount of income tax raised from Scottish taxpayers is set to rise by £1m to £12bn for tax year 2020-21, up from £11.8bn, with higher and top rate earners paying more than half the total tax bill

14 Jan 2022

Tax

Personal Tax

HMRC

Tax | Are you tax resident in Spain?

Now that the UK has left the EU, UK residents living and working temporarily in Spain need to ensure they avoid double taxation and complete their self assessment returns correctly. Barrister Leon Fernando Del Canto explains

13 Jan 2022

Tax

Personal Tax

International Tax

Tax Compliance

Tax Planning

Tax | Government under pressure to delay NICs hike

More pressure has been put on the government to halt the National Insurance Contributions (NICs) increase amid the rising cost of living and surging energy prices

7 Jan 2022

Tax

Business Tax

Personal Tax

Tax | 1.25m to be pulled into 40% tax bracket

More than 1m people are set to be pulled into the higher rate tax band by 2026 under the Treasury’s plan to freeze income tax thresholds 

7 Jan 2022

Tax

Business Tax

Personal Tax

Tax | HMRC defers late self assessment fines to end February

HMRC has waived late filing and late payment penalties for self assessment taxpayers by one month, effectively delaying the tax return deadline to 28 February

6 Jan 2022

Tax

Business Tax

Personal Tax

HMRC

Tax | 31k tax returns filed over Christmas

Between Christmas Eve and Boxing Day HMRC saw 31,271 self-assessment tax returns for 2020-21 submitted 

4 Jan 2022

Tax

Personal Tax

HMRC

Tax | Tips for completing tax returns

Although the self assessment deadline is not until 31 January, there continues to be an increase of taxpayers choosing tax returns over turkey by using the festive period to submit their tax returns online

20 Dec 2021

Tax

Personal Tax

Tax Compliance

Tax | Electric vehicle grants cut to £1.5k for lower priced cars only

The government has changed the grant scheme for zero-emission vehicles to remove more expensive models from the list, and pushing lower price electric cars as grant is cut by 40%

16 Dec 2021

Tax

Personal Tax

Tax Planning

Tax | Covid-19 grants must be included on tax returns

HMRC is reminding self assessment customers to declare any Covid-19 grant payments on their 2020/21 tax return, including SEISS claims which are taxable 

15 Dec 2021

Tax

Business Tax

Personal Tax

Tax Compliance

Tax | Northern Ireland’s tax powers should be devolved

The Independent Fiscal Commission of Northern Ireland is calling for devolution of some Northern Irish taxes to bring it in line with Scotland and Wales 

14 Dec 2021

Tax

Business Tax

Personal Tax