Personal Tax

Latest news

Tax | £1.2bn paid in stamp duty in July

The amount of tax paid on property purchases is rising by the month and with the threshold set to be cut in 2025 more people will be dragged into stamp duty land tax

21 Aug 2024

Tax | 10 days to extend child benefit for 16 to 19 year olds

HMRC is urging nearly a million parents with 16 to 19 year old children in education that they must renew child benefit claims urgently or lose the payment

21 Aug 2024

Tax

Personal Tax

Image for dividend tax take set hit record ps178bn

Tax | Dividend tax take set to hit record £17.8bn

The number of people expected to pay dividend tax in the current tax year is likely to have doubled in just three years as the tax-free allowance is slashed

20 Aug 2024

Tax | Pub landlord blames accountant for £100k late tax appeal

An 'off' accountant was not a valid reason to file a claim for an appeal more than two and a half years late over a tax bill for undisclosed rental income

20 Aug 2024

Tax

Personal Tax

Case Reports

Image for ps327m inheritance tax could have been paid unnecessarily

Tax | £327m of inheritance tax could have been paid unnecessarily

As inheritance tax (IHT) receipts continue to rise there may be some who have unnecessarily overpaid due to life insurance not being in a trust

13 Aug 2024

Tax | HMRC football crackdown raises £67.5m

A spate of investigations across the football world has raised £67.5m in extra tax after HMRC probed clubs, players and agents

13 Aug 2024

Tax

Personal Tax

HMRC

Image for qa tax and holdover relief trusts

Tax | Q&A: tax and holdover relief for trusts

In this week’s Q&A, Croner-i tax advisor consultant Kiya Jacobs explains the tax relief rules for discretionary trusts when transferring property

13 Aug 2024

Tax | Webinar on dividends versus payroll

Join our expert webinar on the tax pros and cons of dividend versus payroll on 20 August

12 Aug 2024

Tax

Employment Tax

Personal Tax

Image for crypto investors will not be able avoid tax warns hmrc

Tax | Crypto investors will not be able to avoid tax, warns HMRC

HMRC is ramping up activity to target known crypto investors who have not declared their taxable gains with letters requiring a response

8 Aug 2024

Tax | Italy hikes ‘non dom’ charge to €200k

Italian lawmakers plan to double the flat tax charged on high net worth individuals who transfer their tax residence to the country

8 Aug 2024

Tax

Personal Tax

Tax Planning

Image for costs battles hmrc lessons emile heskey case

Tax | Costs battles with HMRC – lessons from Emile Heskey case

Francis Kendall, director and costs lawyer at Kain Knight examines the implications of a court’s decision to land former footballer Emile Heskey with nearly £200,000 in costs for HMRC’s legal fees, and how difficult it is to dispute the tax authority’s costs

8 Aug 2024

Tax

Personal Tax

HMRC

Tax | HMRC webchat advice backfires in tax penalty appeal

An appellant paid their £57,000 income tax bill late due to the wrong advice from an HMRC online adviser, leading to his penalty being overturned at the tribunal

7 Aug 2024

Tax | Q&A: tax liability and temporary non-residence

In this week’s Q&A, Croner-i tax adviser Vivienne Chung explains the UK tax implications when living or working overseas on a temporary basis

6 Aug 2024

Tax | Landlord ‘deliberately’ failed to disclose £60k tax liability

The owner of four properties did not pay any income tax from rental income paid to him over eight years leading to him owing £60,000

5 Aug 2024

Tax | Sky Sports presenter Barry Cowan loses late IR35 appeal

Former tennis player and commentator Barry Cowan has lost second IR35 hearing with judge describing accountant's correspondence with HMRC as 'somewhat belligerent'

2 Aug 2024

Tax

Personal Tax

Case Reports