Personal Tax

Latest news

Image for taxi drivers face tax checks renew licence

Tax | Taxi drivers face tax checks to renew licence

Changes to the licensing rules for taxi drivers will add a requirement to check their tax compliance before issuing new licenses in a bid to tackle tax evasion from 2022

13 Oct 2021

Tax | Tax rises will wipe out wage inflation

Salaries are rising at the fastest rate in 24 years, but wage inflation could lead to millions being less well-off as tax burden grows, warns Blick Rothenberg

12 Oct 2021

Tax | Sunak faces difficult public finances at Budget, IFS warns

Chancellor Rishi Sunak could introduce cuts worth £2bn for government departments tasked with meeting the Tories’ flagship ‘levelling up’ agenda despite the biggest tax rise in a generation

12 Oct 2021

Tax | 31 October deadline for paper self assessment tax returns

HMRC is reminding taxpayers to check that they have the correct information in order to complete their paper self assessment tax returns by the month end deadline

12 Oct 2021

Tax | Court issues £350k fine for information notice failures

The court has issued a £350,000 tax-related penalty to a taxpayer for 'continued failure' to comply with an information notice

11 Oct 2021

Tax

Personal Tax

Case Reports

Image for taxing cryptoassets what you need know

Tax | Taxing cryptoassets: what you need to know

Holders of cryptoassets need to be aware of the tax implications, whether they are trading or mining. Thomas Cattee, head of white-collar crime, and Tim Crook, head of tax, at Gherson Solicitors examines the latest HMRC guidance

11 Oct 2021

Tax

Personal Tax

Tax Compliance

Image for london landlords avoid tax most uk

Tax | London landlords avoid tax the most in UK

London commuter towns make up all the top five hotspots for tax avoidance by buy-to-let landlords in the UK according to analysis by UHY Hacker Young

7 Oct 2021

Tax

Personal Tax

HMRC

Image for high income child benefit charge needs rise says litrg

Tax | High income child benefit charge needs to rise says LITRG

The Low Income Tax Reform Group (LITRG) calls for the high-income child benefit charge (HICBC) threshold to rise as its £50,000 threshold is ‘untenable’

6 Oct 2021

Tax

Personal Tax

HMRC

Tax | HMRC to probe ‘Pandora Papers’

Chancellor Rishi Sunak has announced that HMRC will examine the 12m documents in the ‘Pandora Papers' for evidence of tax avoidance in the UK

4 Oct 2021

Tax | Tax relief on pensions hits record £41.3bn

The latest figures on tax relief on pensions shows a £41.3bn cost to the Exchequer for the tax year 2019-20, up from £38.2bn the previous year

1 Oct 2021

Tax | Working tax credit employees must report changes to hours

HMRC is urging working tax credit claimants to check if they need to update their working hours if these have reduced as a result of coronavirus as relaxed reporting rules end

30 Sep 2021

Tax | Low threshold wealth tax would raise £260bn

The introduction of a wealth tax could raise a staggering £260bn if a threshold of £500,000 was selected, but valuing assets could be challenging

29 Sep 2021

Tax

Personal Tax

Image for loan charge controversy and crucial deadline

Tax | Loan charge – controversy and a crucial deadline

The loan charge has caused much controversy since its introduction in the 2016 Budget and now is the last chance to apply for a refund or waiver under the disguised remuneration repayment scheme, says Chris Etherington, tax partner at RSM

29 Sep 2021

Tax | Wise co-founder charged £365k for ‘deliberate tax default’

Kristo Kaarmann, the co-founder of Wise, the listed money transfer company, has been given a £365,651 fine by HMRC for a ‘deliberate default’ on his taxes in the 2017-18 tax year

28 Sep 2021

Tax

Personal Tax

HMRC

Tax | NHS staff to pay £900m more in tax

Research by the House of Commons finds that NHS nurses, care home staff, and other health and social care workers will pay over £900m more in tax with the national insurance contributions (NIC) rise

27 Sep 2021

Tax

Personal Tax