Personal Tax

Latest news

Image for taxpayer who owed no tax wins ps17k penalty appeal

Tax | Taxpayer who owed no tax wins £1.7k penalty appeal

The First Tier Tribunal concluded a taxpayer had a reasonable excuse to miss filing a tax return as she owed no tax and HMRC emails went straight to her junk

15 May 2025

Tax | Should business owners sell their company before April 2026?

Upcoming changes to business asset disposal relief rates for capital gains tax purposes mean it makes tax sense to sell up before April 2026, argues Simon Daniels, sales director at KBS Corporate

12 May 2025

Tax | 299k tax returns filed in week one of tax year led by dog groomer

Nearly 300,000 people filed their tax return in the first week of the new tax year, almost 10 months ahead of the 2024-25 deadline

9 May 2025

Tax

Making Tax Digital

Personal Tax

Image for credit suisse fined 510m hnwi tax evasion

Tax | Credit Suisse fined $510m for HNWI tax evasion

Swiss banking giant Credit Suisse has been fined $510m by US authorities after hiding assets and income in offshore accounts to help clients evade tax

9 May 2025

Tax | UTR numbers no longer available by phone, says HMRC

HMRC has stopped giving taxpayers their unique taxpayer reference numbers over the phone, saying they will only be available via online accounts or post

8 May 2025

Tax | Millionaire couple wins £3.3m tax case after selling £27m mansion

A couple who bought a house on Burnsall Street in Chelsea for £10m have won their appeal against paying capital gains tax on the profit as the tribunal believed it was their principal private residence (PPR)

8 May 2025

Tax | Non dom flight risks tax loss of £2.4bn

The abolition of non dom status is pressuring high net worth non doms to relocate to lower tax jurisdictions, creating potential tax loss of £2.4bn a year

7 May 2025

Tax

Personal Tax

Tax Planning

Image for inheritance tax and lifetime gifts

Tax | Inheritance tax and lifetime gifts

A common strategy to minimise inheritance tax is for an individual to gift assets from their estate prior to their death, but you need to be aware of complex exemptions, explains Rickie Lowery ATT CTA, tax adviser at Croner-i

7 May 2025

Tax | Changes to IR35 CEST tool ‘cosmetic’

For the first time in over four years, HMRC has updated the CEST tool for IR35 workers but critics say the changes are just ‘cosmetic’

7 May 2025

Tax | Q&A: land sale and CGT liability

In this week’s Q&A, Croner-i tax advisor consultant Amaira Badat CTA explains the timing issues when deciding applicable timing for capital gains tax (CGT)

6 May 2025

Tax | Register for webinar on payroll, pension or dividends

Join our webinar on Tuesday 6 May at 2pm focusing on tax and profit extraction issues for business owners and directors

1 May 2025

Tax | CPD module: MTD For Income Tax

This month’s exclusive, free CPD course explains the huge changes coming with the extension of Making Tax Digital (MTD) for Income Tax

1 May 2025

Tax | Crypto currency gains won’t be forgotten by HMRC

HMRC is warning people holding crypto currency over long periods and eventually making a gain that they will be liable for tax on their profits

30 Apr 2025

Tax | Disqualified director wins £145k director’s loan appeal

The director of BOH Investments appealed against a closure notice of £145,058 that HMRC believed he owed through an overdrawn director’s loan account

29 Apr 2025

Tax | Liverpool to charge £2 visitor tax

The latest city to charge visitors an overnight tax is Liverpool, with a £2 nightly fee to kick in from June, set to raise £4.5m a year

28 Apr 2025

Tax

Personal Tax

Image for higher company thresholds will affect ir35

Tax | Higher company thresholds will affect IR35

Increases in company size thresholds will have a knock-on effect on off-payroll working rules (IR35), warns Neil Maslen CTA, senior manager at HW Fisher

28 Apr 2025