HMRC has won a long-running case against a software company after the Supreme Court ruled that a share option given to a director should be taxed as employment income
HMRC is writing to taxpayers who will incur a tax liability on their state pensions removing them from self assessment, but are providing no indication of how the tax will be collected, says Sara Bonavia, associate director at RSM
Offshore tax evasion by wealthy individuals is down by a third in the last decade as tax authorities share bank account information, but they pay less than 1% of their wealth on tax
HMRC is reminding taxpayers including anyone earning income from side hustles that they have 100 days left to submit their online self assessment tax return ahead of the deadline on 31 January 2024
HMRC has won a case related to an inheritance tax bill for £1.6m after rejecting an estate claim for business property tax relief for a wedding venue at a farm
The inheritance tax take has hit £7.5bn a year, up 17% from the last 12-month period and 50% over five years, while corporation tax receipts were up significantly due to 25% rate
Non residents working in Portugal will no longer be able to benefit from 20% tax on earnings after the government’s decision to remove the preferential tax rate except for workers in scientific fields
The former head of Formula One, Bernie Ecclestone, has been given a suspended sentence and has paid HMRC £650m to settle a tax case after failing to declare £400m held in an offshore trust
The Serious Fraud Office is investigating suspected fraud at a collapsed funeral plan provider which transferred millions of pounds from a customer trust and owed HMRC £1.4m in unpaid tax
Tax agents and accountants are about to receive letters from HMRC warning them that their clients have wrongly reported liability for the high income child benefit charge
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