Personal Tax

Latest news

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Tax | Sign up for Accountancy Daily webinar on the Finance Act

Accountancy Daily is launching a series of monthly webinars for accountants and tax advisers kicking off with our first event on Tuesday 20 July

19 Jul 2021

Tax | Government needs to simplify tax, says CIOT

With the government’s review of tax administration, the Chartered Institute of Taxation (CIOT) calls to create a tax system that is much simpler for taxpayers to navigate

19 Jul 2021

Tax | Lords probe HMRC chief over loan charge

The head of HMRC Jim Harra has faced probing questions from the Economic Affairs Committee, where Lords were concerned about why the tax authority has taken so long to settle outstanding loan charge settlement issues

16 Jul 2021

Tax

Personal Tax

HMRC

Tax | HMRC to take cut from Open golfers' worldwide income

Sponsorship deals may be highly lucrative for the golfers at this week’s British Open but they are also open to attention from HMRC as they are taxable in the UK

16 Jul 2021

Tax

Personal Tax

International Tax

Image for directors cannot use trusts loan pots says gaar panel

Tax | Directors cannot use trusts as loan pots, says GAAR panel

The General Anti Abuse Rule (GAAR) advisory panel has issued a ruling setting out its views on abuse of employee reward arrangements through trusts where loans are used to avoid income tax

15 Jul 2021

Tax | £5.5bn paid in fourth SEISS grants

The latest Self-Employment Income Support Scheme (SEISS) figures show that two million self employed individuals have claimed for the fourth grant

13 Jul 2021

Tax | Professional indemnity insurance won’t be enough says ATT

The new president of the Association of Taxation Technicians (ATT) has used his first speech in post to urge the government to make membership of a professional body mandatory for all providers of tax advice

12 Jul 2021

Tax | Taxi drivers face tax conditionality test to renew licence

The government is clamping down on tax avoidance by taxi drivers and scrap metal dealers by requiring a tax conditionality test to prove they pay taxes before licences are issued

7 Jul 2021

Tax

Personal Tax

Tax Compliance

Image for drivers support vat cut electric cars

Tax | Drivers support VAT cut for electric cars

Two thirds of drivers say that scrapping VAT from the purchase price would be the most influential policy to help drivers buy an electric vehicle, finds a survey by motoring organisation AA

6 Jul 2021

Tax

Personal Tax

VAT

Image for icas calls improvements hmrc service levels

Tax | ICAS calls for improvements to HMRC service levels

Overly complex tax rules and poor service standards need to be addressed to build taxpayer confidence in the tax system, warns ICAS

6 Jul 2021

Tax | Upper Tribunal rules in favour of taxpayer in HICBC case

The Upper Tribunal ruled against HMRC deciding that where a taxpayer had not submitted self assessment tax returns, discovery assessments could not be used to assess the taxpayer’s liability to the high income child benefit charge

6 Jul 2021

Tax | OTS recommends banks share client data with HMRC

The Office of Tax Simplification (OTS) is recommending that financial institutions should start sharing client information such as account interest with HMRC to speed up the data population process for the new single customer account

6 Jul 2021

Tax

Personal Tax

Image for income tax bill uk taxpayers doubles two decades

Tax | Income tax bill for UK taxpayers doubles in two decades

Annual income tax paid by the British public has doubled over the last 20 years paying £93bn in 1999 to 2000 rising to £187bn in 2018 to 2019

2 Jul 2021

Tax | Calls for reform as thousands of savers caught in pensions tax trap

The amount of tax charged for people breaching the lifetime allowance (LTA) and annual allowance (AA) limits rose to an eye-watering £283m for the tax year 2018 to 2019

1 Jul 2021

Tax | Filing deadlines: July 2021

In our handy guide to tax filing deadlines, we provide an at-a-glance guide to key dates from deadline for applying for a PAYE Settlement Agreement (PSA) to VAT returns and payments due for quarter ended 31 May 2021

1 Jul 2021