Disputes between HMRC and taxpayers are increasing as the tax authority makes greater use of data collected from banks and foreign tax authorities, and more cases head to tax tribunals

Stephanie Webber ACA CTA examines the tax compliance issues for assets that have become worthless, considering capital gains tax liability, tangible and intangible assets, negligible value claims and crystallising losses under Taxation of Chargeable Gains Act 1992

The standard lifetime allowance for pensions has increased by £25,000 in line with CPI inflation to £1,055,000 for the new tax year from 6 April  

One in five taxpayers are not satisfied with HMRC’s digital services despite the tax authority’s push to move all services online, while wait times to speak to an adviser worsened in February with nearly a third of callers waiting more than 10 minutes to speak to an adviser

Almost 300,000 workers who previously did not receive a payslip will now do so starting from this week, including those on casual and zero-hours contracts, as part of the government's Good Work Plan reforms

In the face of tax digitisation, HMRC may be removing control over tax contributions from individuals to the state. Bill Dodwell, head of tax policy at the Office of Tax Simplification (OTS) argues that a review of the design of the tax system is overdue

As the new tax year starts, having thresholds in the tax system which do not rise with prices means increasing numbers of people are being drawn into higher tax bands in a way which is neither planned nor transparent, the Institute for Fiscal Studies (IFS) is claiming

The loan charge all-party parliamentary group has written to Mel Stride, financial secretary to the Treasury, calling for him to suspend the loan charge for six months after a debate was abandoned yesterday following flooding in the House of Commons

Technically, the disguised remuneration loan charge is a retroactive rather than retrospective tax measure, but ill-thought legislation undermines the principle of certainty for taxpayers, warns Ray McCann CTA (Fellow), president of CIOT

The US tax authorities are having trouble dealing with the information they receive from foreign banks about US taxpayer assets under the Foreign Account Tax Compliance Act (FATCA) because of problems with the data and various mismatches, according to a report from the Government Accountability Office (GAO)

The UK’s wealthiest individuals and families with the largest estates on death are paying half the effective inheritance tax (IHT) rate of many smaller estates, according to an analysis by Canada Life, which is calling for an overhaul of the IHT tax regime

An all-party group of MPs has written an open letter to the head of HMRC challenging him about what they dub ‘clear misinformation’ in statements made by HMRC, and then repeated by the Treasury, about the 2019 loan charge, which is set to come into effect at the end of this week amid considerable controversy, reports Pat Sweet