Personal Tax

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Tax | Q&A: annual allowance charge on pensions

In our regular Q&A series, Croner Taxwise tax advisor Alexandra Fielding considers the tax implications for high earners of exceeding the annual allowance limit of £10,000 on pension contributions

3 Sep 2019

Tax | Tax updates: September 2019

In this month’s roundup of tax case, Ingenious film scheme ruled tax avoidance at appeal, worker cannot claim tax relief on contractor travel expenses in Nowak, Hargreaves Lansdown loses £15m loyalty bonus tax case, Making Tax Digital confirmation notices and IR35 private sector off-payroll working guidance issued

2 Sep 2019

Tax | Understanding the IR35 off-payroll liability chain

As the private sector prepares for the new IR35 rules next year, cracks are beginning to show but clear communication and a real understanding of employment law will help companies avoid expensive errors, explains Ranjit Dhindsa, employment partner at Fisherfield

2 Sep 2019

Tax | PAYE coding mistakes hit savers, claims LITRG

The Low Incomes Tax Reform Group (LITRG) is warning taxpayers to check the accuracy of savings income figures shown in their PAYE Notices of Coding and tax calculations (P800 forms) to avoid overpaying tax

30 Aug 2019

Tax | Taxpayer did not disclose full earnings in self assessment

A tax tribunal has rejected an appeal by a business owner who faced a tax investigation over discrepancies between his earnings and tax returns for his delivery company

29 Aug 2019

Tax | Bank of Mum and Dad shuts door over trust issues

Lack of trust in potential in-laws is leading parents to review the use of cash payments to children for house purchases with alternatives such as will trusts and ringfencing deposits under consideration

29 Aug 2019

Tax | HMRC trials online Trust Registration Service

HMRC is trialling additional functionality on the online trust registration service to make it easier to register and amend information about trusts, with the aim of launching a full service by year end

29 Aug 2019

Tax | HMRC advisory fuel rates for company car users from 1 September

HMRC has published the latest advisory fuel rates (AFR) for company car users, effective from 1 September 2019 cutting standard 1400cc plus mileage rates by 1p per mile to reflect lower fuel costs

28 Aug 2019

Tax | Q&A: liability for higher rate stamp duty land tax in property transactions

In our regular Q&A, Vivienne Cheung, tax advisor at Croner Taxwise, considers the compliance issues for the 3% higher rate stamp duty when two properties adjacent to each other are purchased by a married couple, one for residential use

27 Aug 2019

Tax | First guidance on IR35 private sector off-payroll rules

HMRC has published its first detailed guidance on how new rules for off-payroll workers (IR35) will operate in the private sector when the responsibility for determining individual’s employment status moves to employers in April next year, reports Pat Sweet

23 Aug 2019

Tax | Worker cannot claim tax relief on commuting expenses

A man who had a series of temporary contracts working at different company sites has lost his appeal for tax relief on his travel expenses, on the grounds this was ordinary commuting

22 Aug 2019

Tax | RNIB forces HMRC to change blind person’s allowance rules

The Royal National Institute of Blind People (RNIB) has successfully challenged HMRC guidance over the circumstances in which the blind person’s allowance can be transferred between spouses

21 Aug 2019

Tax | Warning on out-of-date self-help tax guides

Anyone wanting some assistance with filing a tax return has been warned to look closely at self-help guides, after high street retailer W H Smith was found to be selling a publication which is five years out of date

20 Aug 2019

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Personal Tax

Tax Compliance

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Tax | VAT Q&A: qualifying cars and input tax recovery

In our regular Q&A series, Croner Taxwise VAT adviser Janis Kirkham considers whether a car bought for business use actually falls within the qualifying rules for VAT recoverability

20 Aug 2019

Tax | Call for tax regime to address air pollution concerns

In order to cut dangerous levels of air pollution in the UK, the government should lift the freeze on fuel duty, introduce a surcharge on diesel vehicles and exempt the most eco-friendly cars from VAT, according to research from think tank Bright Blue

15 Aug 2019

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Personal Tax

Tax | The sale of a horse for VAT

Julie Butler FCA considers the VAT implications when selling a racehorse from shared ownership to applying the business economic activity test, particularly in light of the McMorris case

15 Aug 2019