Personal Tax

Latest news

Image for mps avoided tax bills second jobs

Tax | MPs avoided tax bills on second jobs

MPs have been found to be channelling large amounts of money from private consultancy work through personal service companies that may have significantly reduced their tax bills

23 Nov 2021

Tax | Tax refund companies target self assessment returns

The Low Incomes Tax Reform Group (LITRG) is warning taxpayers never to share their Government Gateway username and password details with companies that offer to make tax relief claims on their behalf

23 Nov 2021

Tax

Business Tax

Personal Tax

Image for hrmc collected ps100bn more tax

Tax | HRMC collected £100bn more in tax

Recently released data from HMRC shows that between April and October 2021 HMRC collected a total of £392bn in taxes which is £99.8bn higher than the same period in 2020

19 Nov 2021

Tax | Deliberate tax defaulters face £5.2m in penalties

The latest HMRC deliberate defaulters list shows that the tax authority issued only £5.2m in penalties compared to the £21.7m in the previous quarter

19 Nov 2021

Tax | HMRC warns taxpayers about self assessment tricksters

As HMRC prepares to send emails and text reminders to self assessment taxpayers, the department is reminding them to be on their guard after nearly 800,000 tax-related scams were reported in the last year

16 Nov 2021

Tax

Personal Tax

HMRC

Image for workers tax credits warned check claims

Tax | Workers on tax credits warned to check claims

The Low Incomes Tax Reform Group (LITRG) is urging working tax credit claimants to check their position carefully after the ending of certain coronavirus tax credit easements

12 Nov 2021

Tax | £30m owed in unpaid vehicle excise duty (VED)

UK drivers owed more than £30m in unpaid vehicle excise duty (VED) in 2020 according to a freedom of information (FOI) request from Veygo

9 Nov 2021

Tax

Personal Tax

Image for cryptocurrency tax gap widens ps428k

Tax | Cryptocurrency tax gap widens to £428k

According to official HMRC data published earlier this month, the amount of tax underpaid by cryptocurrency investors has tripled from £142,000 last year to £428,000

9 Nov 2021

Tax | Q&A: tax and cryptocurrency disposals

In this week’s Q&A, Croner Taxwise experts consider the tax implications of disposing of cryptocurrency holdings and whether a lost hard drive containing bitcoin can be written off against tax

9 Nov 2021

Tax

Personal Tax

Tax Compliance

Image for sky presenter loses ps281k case over ir35 status

Tax | Sky presenter loses £281k case over IR35 status

A Sky sports presenter has lost a case at the First Tier Tribunal over his working status and whether his contract with Sky fell outside the IR35 rules

5 Nov 2021

Tax

Personal Tax

Case Reports

Image for backpacker wins tax dispute over holiday job australia

Tax | Backpacker wins tax dispute over holiday job in Australia

A British backpacker who spent time working in Australia has won a tax dispute at the High Court in Brisbane over unfair tax treatment

3 Nov 2021

Tax | Accountancy bodies positive on business focused Budget

After the highly anticipated second Budget of the year, UK accountancy bodies share their reactions to the announcements from the Chancellor

28 Oct 2021

Tax | Budget 2021: clarification given on discovery assessments

The Budget confirmed that legislation has been adjusted to allow HMRC to raise discovery assessments into individuals who have failed to report certain tax charges on their self assessment tax returns

28 Oct 2021

Tax

Personal Tax

Budget