Personal Tax

HMRC

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Tax | Furlough change means employers contribute 10% from 1 July

From July employers will have to pay 10% of staff wages to anyone on furlough as the government reduces its level of support for the Coronavirus Job Retention Scheme

2 Jun 2021

Tax | ICAEW and ACCA criticise HMRC’s ‘poor’ performance

ICAEW and the Association for Chartered Certified Accountants (ACCA) is calling on HMRC to improve its performance and be more responsive to complaints from taxpayers and less ‘erratic’ when dealing with technical questions

1 Jun 2021

Tax | Wilkes case challenges high income child benefit charge

In a landmark case, the Upper Tribunal will hear HMRC’s appeal in the leading High Income Child Benefit Charge (HICBC) case HMRC v Wilkes, which disputes the tax authority’s use of discovery assessments

26 May 2021

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Tax | Retailers may get unexpected tax bills by using social media

Retailers using social media influencers to ‘advertise’ their products may face unexpected tax bills as HMRC views the arrangement as a benefit in kind, warns tax and advisory firm, Blick Rothenberg

25 May 2021

Tax | Q&A: SEISS grants and risks of incorporation

In our weekly Q&A, Suzanne Rowland, tax adviser at Croner Taxwise, considers how use of Self-Employment Income Support Scheme (SEISS) grants could impact on a sole trader’s decision to incorporate their business and any risks around earlier SEISS claims

25 May 2021

Tax | OTS proposes further reforms to capital gains tax

The Office of Tax Simplification (OTS) is calling for an overhaul of capital gains tax (CGT) rules from tax liability when moving home to getting divorced, and an extension of the tight 30-day deadline for settling CGT bills when selling property

21 May 2021

Business Tax

Image for deadline nhs pension scheme tax repayments extended

Tax | Deadline for NHS pension scheme tax repayments extended

The NHS Business Services Authority has extended the 2019/2020 voluntary scheme pays deadline for members with an annual allowance charge on their pensions

19 May 2021

Tax Compliance

Image for supreme court refuses hmrc appeal over ps475k tax bill

Tax | Supreme Court refuses HMRC appeal over £475k tax bill

The Supreme Court has refused an appeal by HMRC against a decision of the Court of Appeal not to require UK divorce lawyer, Raymond Tooth to pay back over £475,000 in taxes that was invested in a tax avoidance scheme

19 May 2021

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Tax | Nearly 1m taxpayers have already filed 2020/21 self assessment

Taxpayers have been getting organised with 950,000 already having completed their 2020/21 tax returns with 63,500 filing their self assessment on the first day of the tax year, HMRC has revealed

18 May 2021

Tax | Bernie Ecclestone’s lawyer ordered to pay tax on £37m ‘gifts’

HMRC has won a case against lawyer Stephen Mullens over payments totalling around £37m that he claimed were gifts

18 May 2021

Tax | Taxpayer wins higher rate child benefit case

A First Tier Tribunal (FTT) has allowed a taxpayer’s appeal against penalties for his failure to notify liability to the high-income child benefit charge (HICBC) because he had a reasonable excuse

17 May 2021

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Tax | How to claim tax relief for working from home

HMRC is reminding taxpayers to submit tax relief claims for working from home due to coronavirus during 2021/22 via the easy to use online portal

14 May 2021

HMRC

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Tax | Millions of workers set to face 'life-changing' retirement shortfalls

Millions of workers are set to face ‘life changing retirement shortfalls’ as lower growth forecasts could wipe a third off pension pot values, warns Interactive Investor (II) and Lane Clark & Peacock (LCP)

11 May 2021

Tax | Q&A: trusts and potentially exempt transfers

In this week’s Q&A, Croner Taxwise tax advice consultant Kiya Jacobs, explains the tax compliance issues when passing on substantial financial gifts to family under inheritance tax rules

11 May 2021

Tax | Gary Lineker faces £4.9m tax battle with HMRC

In a long-running IR35 dispute, HMRC claims the TV presenter and former England footballer Gary Lineker owes £4.9m in income tax and national insurance contributions (NICs)

7 May 2021