Personal Tax

Latest news

Image for tax barrister did not give misleading film scheme tax advice

Tax | Tax barrister did not give misleading film scheme tax advice

A group of investors has lost an appeal over whether a tax barrister offered them misleading tax advice about two film finance schemes

2 May 2023

Tax

Personal Tax

Case Reports

Image for hmrc fix double taxation risk ir35 pay

Tax | HMRC to fix double taxation risk of IR35 pay

HMRC has launched a consultation to look at reform of the double taxation problem with off-payroll working payments

28 Apr 2023

Tax | MPs intervene over Apostle Accounting tax rebate claims

MPs have written to HMRC calling for a meeting to discuss concerns about Apostle Accounting after clients said they had to repay tax refunds arranged by the firm

27 Apr 2023

Tax | Confusion over duplicate simple assessment tax demands

HMRC is issuing paper copies of simple assessments including some for tax demands that have already been paid

27 Apr 2023

Tax | Online sellers targeted for unpaid tax

HMRC has information on thousands of online sellers who have failed to pay tax on sales over the internet

26 Apr 2023

Tax | Tax take was up 10% in a single year

The total tax collected by HMRC soared this year by £71.1bn to £786.6bn, up from £633bn pre-covid as a result of the highest tax burden in 40 years

25 Apr 2023

Tax | Marquee and Acacia named as tax avoidance promoters

Employment agencies Marquee and Acacia Resourcing Services are the latest companies to be named and shamed as tax avoiders

25 Apr 2023

Tax

Personal Tax

Called to Account

Image for sign our webinar dividend versus bonus

Tax | Sign up for our webinar on dividend versus bonus

Join tax expert Stephen Relf for a not to be missed webinar on dividends versus bonus – what’s most tax effective?

21 Apr 2023

Tax | Directors’ loans benefit from 2.25% interest rate

Despite the rise in interest rates, directors’ loans are still enjoying a low 2.25% rate, explain Chris Etherington, tax partner, and Alex Foster, partner, RSM

19 Apr 2023

Tax

Business Tax

Personal Tax

Image for double council tax scottish second homes

Tax | Double council tax for Scottish second homes

The Scottish government is considering plans to allow councils to charge up to double council tax rates on second and empty homes

18 Apr 2023

Tax | HMRC plans points-based penalties for self assessment

The current standard £100 fine for late filing of self assessment tax returns is due to be changed to a points-based system from 2026

17 Apr 2023

Tax | Discounted gift trust interest rate rises

The valuation rate of interest used by HMRC in valuing the retained rights under discounted gift trust schemes will increase from 4.5% to 6.75%

17 Apr 2023

Tax | Doctor wins £77k personal tax case

A doctor has won a case at the Upper Tribunal over a disputed tax demand from HMRC for £77,000, which was ruled out of time

13 Apr 2023

Tax | 683k higher rate taxpayers opt out of child benefit

The number of families being forced into paying the higher income child benefit charge is up 5% as more taxpayers are caught by frozen thresholds

12 Apr 2023

Tax

Personal Tax

Tax Planning

Image for half uk income tax paid south east

Tax | Half of UK income tax paid in south east

Nearly half of the income tax collected in the UK last year was paid by taxpayers in London and the south east, according to HMRC figures analysed by the Liberal Democrats

12 Apr 2023