Personal Tax

Latest news

Image for spring statement mtd extension costly and confusing

Tax | Spring Statement: MTD extension ‘costly and confusing’

The expansion of Making Tax Digital to millions more self employed individuals earning as little as £20,000 will be a challenge as HMRC withdraws free filing software used by over four million taxpayers

27 Mar 2025

Tax | Spring Statement: high income child benefit via PAYE from Summer 2025

Taxpayers facing the high income child benefit charge will no longer have to do a tax return from this summer as HICBC will be deductible through PAYE earnings

27 Mar 2025

Tax | Spring Statement: Treasury to review ISA savings accounts

The much trailed plan to review ISA savings accounts will go ahead, with the government planning to overhaul current system with a view to shifting savings to riskier stocks and shares ISAs

26 Mar 2025

Tax | Spring Statement: late payment penalties rise to 10%

Late payment penalties for taxpayers are set to increase from the new tax year, the chancellor announced in her first Spring Statement

26 Mar 2025

Tax | Self assessment tax refund texts from HMRC

HMRC has issued a warning to taxpayers that they may receive an official text confirming that their tax refund is being processed

26 Mar 2025

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Personal Tax

HMRC

Tax | Q&A: tax on unit trust dividends

In this week’s Q&A, Vivienne Chung, adviser at Croner-i VIP Tax Team, explains the tax implications when dividends are reinvested in unit trusts

25 Mar 2025

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Personal Tax

Tax Compliance

Image for biker locksmith wins ps6k vat appeal no proof provided

Tax | Biker locksmith wins £6k VAT appeal as no proof provided

A locksmith who represented himself at the First Tier Tribunal (FTT) won an appeal against a VAT penalty for three BMW motorbikes used for work

21 Mar 2025

Tax | Stamp duty tax take up £300m in rush to beat deadline

Tax receipts are up 5.3% so far on the year but almost £300m more has been paid in stamp duty land tax this February than last while inheritance tax was up 12%

21 Mar 2025

Tax | Worried about a COP9 tax investigation? Don’t panic

When HMRC launches a COP9 investigation, they can go back 20 years into tax records so putting a foot wrong can be damaging and costly, explains Uzair Delair, HMRC enquiry expert at Croner-i My VIP Tax Team

20 Mar 2025

Tax | Would a wealth tax really raise £460m a week?

With the UK tax burden at record highs, Chris Etherington, partner at RSM, is sceptical calls for a wealth tax stack up, not mention the sceptre of great sums on buses

19 Mar 2025

Tax

Personal Tax

Tax | Q&A: tax and travel expenses

In this week’s Q&A, Croner-i VIP Tax Team adviser Natasha Saina unravels the complexities of when to claim travel expenses for tax purposes when travelling between workplaces

18 Mar 2025

Tax | TikTok traders face capital gains tax clampdown

HMRC investigations into underpaid capital gains tax (CGT) have more than tripled in the past year with TikTok traders and crypto investors targeted

18 Mar 2025

Tax | Inheritance tax and writing life insurance in trust

Ingrid McCleave, partner at DMH Stallard, explores the practicalities of writing a life insurance policy in trust, arguing that it can be a successful way of mitigating the consequences of inheritance tax

17 Mar 2025