Tax | HMRC wait time hits 27 minutes for tax return calls

Following criticism of long wait times for taxpayers to get through to call centres, HMRC admitted that the average wait time has doubled to 27 minutes, but said home workers did not affect performance

25 Jan 2023

Tax

Personal Tax

HMRC

Tax Compliance

Tax | Top tips for filling your tax return

Dawn Register, tax partner at BDO has put together 12 top tips to help you complete your tax return in time for 31 January deadline

24 Jan 2023

Tax

Personal Tax

Tax Compliance

Tax Planning

Tax | 3.4m still need to file tax return

Around 3.4 million people are yet to file their self assessment tax returns, despite there being less than a week to go before the deadline

24 Jan 2023

Tax

Personal Tax

HMRC

Tax Compliance

Tax | Call for tax on super rich to tackle inequality

The global super rich should be charged taxes as high as 70% to help tackle growing inequality, according to economist Joseph Stiglitz

24 Jan 2023

Tax

Business Tax

Personal Tax

International Tax

Tax Compliance

Tax | Q&A: divorce and capital gains tax on property sale

In this week’s Q&A, Amaira Badat, tax adviser at Croner-i, considers the capital gains tax implications when a divorcing couple has several properties

24 Jan 2023

Tax

Personal Tax

Property Tax

Tax Planning

Tax | Tax take hits £553bn as threshold freeze bites

Total tax receipts have hit £553.2bn so far this year, up £48bn on the same period a year earlier, with a £1.7bn boost from the windfall tax on energy producers

24 Jan 2023

Tax

Business Tax

Employment Tax

Personal Tax

Tax | 40% taxpayers set to increase by 1.1m

HMRC expects over a million more people to be caught by higher rate 40% tax within four years

23 Jan 2023

Tax

Personal Tax

Tax | Top 20% pay two thirds of all income tax

Over half of individuals live in households which receive more in benefits, including ‘benefits in kind’ such as health and education spending, than they paid in taxes

23 Jan 2023

Tax

Personal Tax

Tax | Half of sole traders yet to file self assessment returns

More than half of sole traders have not started their self assessment tax returns with only 11 days to go until the filing deadline

20 Jan 2023

Tax

Personal Tax

HMRC

Tax Compliance

Companies

Accountancy Firms

Tax | Top rate Welsh taxpayers pay 40% of income tax

The amount of income tax raised from Welsh taxpayers increased by £216m to £2.3bn for tax year 2021-22, up from £2.1bn

20 Jan 2023

Tax

Personal Tax

HMRC

Tax Compliance

Tax | Sky rugby commentator wins £695k IR35 case

A former rugby player and Sky commentator has won an IR35 case against HMRC over a disputed tax bill for £695,000

20 Jan 2023

Tax

Personal Tax

HMRC

Case Reports

Tax | HMRC defends position on loan charge suicides

The controversial loan charge has been linked with 10 suicides, with two investigations currently ongoing, according to HMRC chief executive

19 Jan 2023

Tax

Personal Tax

HMRC

Tax Compliance

Tax | HMRC uses text messages to answer taxpayer queries

HMRC has started to send text messages to taxpayers who contact their helplines by mobile phone

19 Jan 2023

Tax

Personal Tax

HMRC

Tax Compliance

Tax | Watch out for ‘white space disclosures’ on tax returns

Following the decision to focus more funds on targeting tax avoidance by the wealthiest taxpayers, HMRC is asking people to disclose more information on tax returns

19 Jan 2023

Tax

Personal Tax

HMRC

Tax Compliance

Tax Planning

Tax | HMRC targets online sellers and influencers for unpaid tax

In the latest wave of nudge letters, HMRC has singled out online sellers, influencers and content creators warning them that they have not paid enough tax 

18 Jan 2023

Tax

Personal Tax

HMRC

Tax Compliance