Tax | Nursery school owner loses £196k tax dispute

The owner of several nursery schools has lost a case at the First Tier Tribunal over capital gains tax liability related to a claim for £196,902 in entrepreneurs’ relief

20 Mar 2024

Tax

Business Tax

Personal Tax

Case Reports

Tax | HMRC not ‘heavy-handed’ on loan charge, claims Harra

The boss of HMRC has told MPs it does not operate without scrutiny and that staff have not been ‘heavy-handed’ about the loan charge

19 Mar 2024

Tax

Personal Tax

HMRC

Tax | End of tax year checklist for wealthy investors

There’s less than three weeks left until the end of the tax year on 5 April, when most of the investment allowances for the 2023/24 tax year are lost

19 Mar 2024

Tax

Personal Tax

Tax Planning

Tax | COP9 and tax investigations – what you need to know

Code of Practice 9 (COP9) is the most serious civil investigation by HMRC, only one step away from criminal prosecution. Danielle Ford, partner and Riocard Hoye, senior manager at haysmacintyre explain how to deal with a demand from HMRC

18 Mar 2024

Tax

Personal Tax

HMRC

Tax Compliance

Tax | Third of calls to HMRC handled by automated service

In the busy self assessment period in January, HMRC redirected over a third of calls to automated systems, while 841,000 calls were not answered

18 Mar 2024

Tax

Personal Tax

HMRC

Tax | Employment lawyer wins £250 tax penalty case

A lawyer earning over the £50,000 threshold has been allowed off a £250 high income child benefit charge (HICBC) penalty due to ‘ignorance of the law’

18 Mar 2024

Tax

Personal Tax

Tax Compliance

Case Reports

Tax | Post Office compensation payments tax-free

The Treasury has confirmed that no tax will be due on compensation for Post Office workers with overturned convictions

15 Mar 2024

Tax

Personal Tax

Tax Compliance

Tax | Registration rules for high risk trusts face overhaul

The government is planning to change the reporting requirements for trusts filing on the Trust Registration Service and introduce a de minimis tax threshold

15 Mar 2024

Tax

Personal Tax

Consultations

Tax | NIC abolition will be ‘work of many parliaments’

Plans to abolish national insurance came under scrutiny when Chancellor Jeremy Hunt faced MPs on the Treasury Committee yesterday about the ‘double taxation on work’

14 Mar 2024

Tax

Personal Tax

HMRC

Consultations

Budget

Politics

Tax | Government will not reveal number of people dragged into NICs

Conservative MPs have voted down a Liberal Democrat amendment to the National Insurance Contributions Bill requiring disclosure of how many people will have to pay NICs for the first time due to fiscal drag 

14 Mar 2024

Tax

Personal Tax

Budget

Tax | Q&A: tax on pension contributions for family business

In this week’s Q&A, Croner-i’s tax team explains the tax implications when paying pension contributions for a family member working for a limited trading business

12 Mar 2024

Tax

Employment Tax

Personal Tax

Tax | Former Everton footballer hit by £150k tax bill

Senegalese professional footballer Oumar Niasse has lost his appeal at the First Tier Tribunal for unpaid income tax and penalty payments

12 Mar 2024

Tax

Personal Tax

HMRC

Tax Compliance

Case Reports

Tax | Corrie star given 12 weeks to pay tax debt

Coronation Street actor William Roache has been given three months to settle a tax debt which has blown up to £588,015.18

12 Mar 2024

Tax

Personal Tax

HMRC

Tax Compliance

Tax | Top tips: £60k cap on high income child benefit charge

Dominic Bourquin, partner at Monahans, explains the tax changes to high income child benefit charge (HICBC), affecting up to half a million parents 

12 Mar 2024

Tax

Personal Tax

Tax Compliance

Tax Planning

Budget

Tax | Prime minister wants to abolish national insurance

Rishi Sunak has hinted at the possible abolition of national insurance contributions (NICs) for employees after another 2% cut at the Budget

11 Mar 2024

Tax

Personal Tax

HMRC