Personal Tax

Latest news

Image for uk top three highest tax inherited businesses

Tax | UK in top three for highest tax on inherited businesses

The UK, US, South Korea and France charge the highest tax rates on transfer of a family business as an inheritance without careful tax planning

28 Feb 2023

Tax | Inheritance tax regime needs reform

Anachronistic inheritance tax rules need to be overhauled not extended as threshold freeze captures more taxpayers, argues Gareth Hughes, head of private wealth and succession planning, Lawrence Stephens

28 Feb 2023

Tax

Personal Tax

Tax Planning

Image for ir35 tribunal loss highlights myopic view payroll rules

Tax | IR35 tribunal loss highlights myopic view of off-payroll rules

Dave Chaplin, CEO of IR35 Shield, argues that HMRC's historical approach to status case law on IR35 is myopic and too narrow after Barnes case

27 Feb 2023

Tax | Tax breaks for married and civil partnership couples

Louise Higham, financial planning director at Evelyn Partners, sets out the various tax breaks from transferring the personal savings allowance to inheritance tax benefits

24 Feb 2023

Tax

Personal Tax

Tax Planning

Image for payroll company misused annuity scheme avoid tax

Tax | Payroll company misused annuity scheme to avoid tax

Taxpayers have been warned not to sign up to an annuity scheme designed to avoid tax, promoted by payroll company Canopaye

24 Feb 2023

Tax | Pay tax before 3 March to avoid interest penalty

Taxpayers have just over a week to pay 2021/22 self assessment tax bills or face penalties equal to 5% of the outstanding tax

23 Feb 2023

Tax | Tax relief on travel expenses - part 1

As more employees work remotely, it is important to ensure mileage expenses are claimed correctly, explains Croner-i tax writer Martin Jackson

22 Feb 2023

Tax | HMRC fails to process £391m in tax deposit certificates

As HMRC remains committed to ending the use of tax deposit certificates by November, nearly £400m in unused advance payments have not been claimed

22 Feb 2023

Tax

Personal Tax

HMRC

Image for inheritance tax how cut your bill

Tax | Inheritance tax: how to cut your bill

Years of frozen allowances, paired with house price growth and soaring inflation, is dragging more people into inheritance tax, but there are ways to reduce the tax liability

21 Feb 2023

Tax

Personal Tax

Tax Planning

Image for qa employee sponsorship taxable benefit

Tax | Q&A: is employee sponsorship taxable benefit?

In this week's Q&A, Croner-i tax adviser Vanessa Matthews, considers whether corporate sponsorship of an employee at a sporting event is taxable

21 Feb 2023

Tax

Employment Tax

Personal Tax

Image for careless versus deliberate tax errors

Tax | Careless versus deliberate tax errors

When the former chancellor paid a tax penalty this raised questions about the meaning of HMRC's position on deliberate and careless errors, and whether it could have been resolved between the two parties, explain Danielle Ford, director and Riocard Hoye, senior manager at haysmacintyre

20 Feb 2023

Tax | Repayment agency banned from trading by HMRC

A company which charged taxpayers up to 50% in fees to make claims for tax refunds has been stopped from operating

20 Feb 2023

Tax | Employees need to check their tax codes for errors

The majority of employers report errors with employee tax codes, while there can be long delays in resolving allocation of the wrong tax code at HMRC

17 Feb 2023

Tax | Associate dentists warned to check self employment status

The British Dental Association (BDA) has advised associate dentists to make sure that they comply with self employed rules as HMRC will remove a vital piece of guidance from April

17 Feb 2023