Personal Tax

Latest news

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Tax | Q&A: tax liability when gifting a home

In this week’s Q&A, Croner-i’s Stephen Fletcher explains the potential inheritance tax liabilities when giving a property to a relative under gifting with reservation of benefits rules

17 Jan 2023

Tax | Orthodontists lose £300k tax appeal over gold purchase

An orthodontics company has lost a First Tier Tribunal (FTT) appeal regarding tax liability related to an employee benefit trust involving £300,000 worth of gold bullion

17 Jan 2023

Tax | Top 1% hold more wealth than 70% of Britons

The richest 1% of Britons hold more wealth than 70% of the population, while the four richest Britons have more wealth than 20 million individuals, reveals Oxfam report

16 Jan 2023

Tax

Personal Tax

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Tax | Higher rate Scottish taxpayers pay 60% of tax

Higher and top rate taxpayers in Scotland are responsible for more than half the annual tax raised, paying around £7bn a year

12 Jan 2023

Tax

Personal Tax

HMRC

Tax | HMRC cracks down on rogue repayment agents

HMRC is taking immediate action to clamp down on rogue repayment agents who entice taxpayers into agreements to reclaim overpaid tax while taking large commissions

11 Jan 2023

Tax | Q&A: tax, funds and spread betting

In this week’s Q&A, Croner-i VIP tax advisor Ewan Edwards, considers the income tax implications when investing in a business with funds generated from spread betting profits

10 Jan 2023

Tax

Personal Tax

Tax Compliance

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Tax | Pension deadline to top up national insurance approaches

A generous government scheme which allows people to fill historic gaps in their National Insurance record will come to an end in less than three months

9 Jan 2023

Tax | Register for our webinars on tax return tips

Croner-i is running a series of webinars to help speed up your tax returns with useful tips and advice

9 Jan 2023

Tax | HMRC phone delays leave thousands waiting

Thousands of taxpayers have been left waiting as HMRC phone delays continue, despite many rushing to submit their tax returns ahead of 31 January deadline

6 Jan 2023

Tax | HMRC investigators target unpaid inheritance tax

Wealthy families are being targeted by HMRC for unpaid inheritance tax after the tax authority clawed back a record £326m through investigations last year

5 Jan 2023

Tax | Crypto gains must be included on tax returns

It is important to report gains on cryptoassets, such as Ethereum, Bitcoin and non-fungible tokens (NFTs), on tax returns as they are subject to income tax and capital gains tax (CGT)

5 Jan 2023

Tax

Personal Tax

Tax Compliance

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Tax | 5.7m taxpayers still to file tax returns

HMRC is reminding 5.7 million taxpayers to file their self assessment returns before the 31 January deadline, or they will face automatic £100 penalties

4 Jan 2023