Personal Tax

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Tax | Acceptable excuses for a late tax return

HMRC could rake in up to £100m from taxpayers failing to submit their tax returns by this Friday, but there are some valid excuses for a late submission, says Chris Etherington

29 Jan 2025

Tax | Basic tax return form hits record 88 questions

The size of tax returns has ballooned with 19% more questions than just 15 years ago, with eight suppplementary forms making compliance more of a challenge

28 Jan 2025

Tax | Emergency tax codes for first-time pensioners ending

HMRC plans to stop using emergency tax codes for new pensioners after criticism of the way they automatically deduct tax, often at the wrong tax rate, when people first start claiming their pension

27 Jan 2025

Tax | Judge raps taxpayer over hyperbolic claims at £700k tribunal

A South African appellant has lost his appeal against historic tax assessments dating back to 1999 as well as penalties accrued over 17 years after deliberately failing to declare income despite ‘unjustifiable’ allegations of racism

27 Jan 2025

Tax | Non doms: what the tax changes mean for HNWI

Elliot Lewis, head of private client at law firm Thackray Williams explains why the non dom changes call for an increased level of cooperation between accountants and private lawyers, despite the chancellor’s Davos tweaks

27 Jan 2025

Tax | HMRC to write to everyone with outstanding loan charge

HMRC will be writing to all taxpayers affected by loan charge by mid March to inform them if their disguised remuneration scheme is likely to fall within the remit of the McCann review

24 Jan 2025

Tax | Non doms will leave despite concession from Chancellor

A last minute amendment to Finance Bill is unlikely to change non dom minds as accountants report many clients are planning to get out of the country in the next five years

24 Jan 2025

Tax | Loan charge review to bring issue ‘to a close’, says Treasury

The Treasury has brought in tax expert Ray McCann to lead a review of the contentious loan charge scheme, which has put HMRC and affected taxpayers at loggerheads

23 Jan 2025

Tax | 3.4m taxpayers still not filed self assessment tax return

With just one week to go, a third of taxpayers in self assessment have still not filed a 2023-24 tax return, risking an automatic £100 penalty

23 Jan 2025

Tax | Final decision on loan charge review today

The Chancellor is due to issue a written statement about the loan charge review today with sources indicating an independent review is planned

23 Jan 2025

Tax | Bryan Robson faces tax bill over £300k Man Utd ambassador role

Former football legend Bryan Robson has partly won an appeal at the First Tier Tribunal after a dispute over his earnings and status as a club ambassador at Manchester United

22 Jan 2025

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Tax | HMRC scores £12m win from Haaland’s record pay deal

Manchester City striker Erling Haaland has just signed the longest contract in Premier League history but will not be the only one to prosper with HMRC set to take over £12m a year

22 Jan 2025

Tax | Capital gains tax revenue skyrockets 60% in three months

December saw tax receipt increases across the board, with capital gains tax clearly being influenced by Labour’s first Budget while Conservative NICs cuts barely scratched the surface

22 Jan 2025

Tax | HMRC scolded by judge in £9k top slicing tax claim

An appellant, represented by her husband, has had her top slicing tax relief claim thrown out of the First Tier Tribunal despite ‘inordinate’ responses from HMRC

22 Jan 2025