Tax | ISA overhaul would not be before April 2026

Emma Reynolds, economic secretary to the Treasury refused to add to speculation about ISA reform at a Treasury Committee meeting but confirms it is on the table

24 Apr 2025

Tax

HMRC

Tax | Consultancy firm’s ‘carelessness’ upholds £73k assessment

A consultancy firm failed to record over £369,000 of invoices from one of its customers sparking a VAT visit from HMRC leading to a £73,000 tax bill

23 Apr 2025

Tax

Business Tax

HMRC

Case Reports

Tax | ‘Exceptional circumstances’ in the statutory residence test

A decision from the Court of Appeal provides valuable guidance on when days spent in the UK can be disregarded for ‘exceptional circumstances’ under statutory residence test, explain Matthew Greene, tax litigation partner, and Guy Bud, associate barrister, Stewarts

23 Apr 2025

Tax

Personal Tax

HMRC

Case Reports

Tax | Tax receipts soar over £857bn

Gross tax receipts have surpassed the last years take by £28.1bn reaching a high of £857bn as stamp taxes, inheritance tax, and income tax takes increase drastically

23 Apr 2025

Tax

Employment Tax

Personal Tax

Property Tax

HMRC

Tax | Tax investigations last 45 months on average

HMRC tax investigations are running on for as long as three years and nine months on average which Pinsent Masons says is putting a significant burden on businesses as late payment interest peaks

22 Apr 2025

Tax

HMRC

Tax | HICBC penalties fall from £7m to £23k

The number of high income child benefit charge (HICBC) penalties have dropped dramatically from over 13,000 in 2018/19 to 46 in 2024/25

22 Apr 2025

Tax

HMRC

Tax Compliance

Tax | Billionaire property developer wins £1.9m SDLT case

After Christian Candy lost his stamp duty dispute at the Court of Appeal a new appeal was lodged under an alternative point of law which saw Candy win his £1.92m appeal

22 Apr 2025

Tax

Property Tax

HMRC

Case Reports

Tax | What is a competent professional in an HMRC R&D enquiry?

Mark Doodney, tax enquiry expert at Croner-i My Vip Tax Team explains the definition of a competent professional in the eyes of HMRC when it relates to R&D compliance enquiries

17 Apr 2025

Tax

Business Tax

HMRC

Tax Compliance

Tax | Holly Willoughby’s company settles £377k tax bill

TV presenter Holly Willoughby did not turn up at the High Court for a hearing on whether to wind up her jointly owned Roxy Media over unpaid tax bills

17 Apr 2025

Tax

Business Tax

HMRC

Tax | HMRC chases Canadian taxpayer for £600

The First Tier Tribunal dismissed an appeal against late filing penalties which built up against a PAYE employee who failed to show up to the hearing

16 Apr 2025

Tax

Personal Tax

HMRC

Tax Compliance

Case Reports

Tax | What are subcontracted activities for SME R&D tax relief?

HMRC has clarified the rules on the definition of subcontracted activities in R&D tax claims by SMEs, finally dispelling the confusion, explains Richard Edwards, CEO of R&D Community

16 Apr 2025

Tax

Business Tax

HMRC

Tax Compliance

Tax Planning

Tax | Teething problems for HMRC’s simple assessment for tax

Stephanie Court, tax director at RSM, warns there is a risk that HMRC is trying to move too far, too fast on digital transformation, by removing more people from self assessment without always having the correct data to calculate tax liability

16 Apr 2025

Tax

Personal Tax

HMRC

Tax Compliance

Tax | Downing Street publishes PM’s 2024 tax return

The Prime Minister paid over 35% in income tax in the 2024 tax year, while his deputy paid an effective rate of 25%

15 Apr 2025

Tax

Personal Tax

HMRC

Tax | Tax bill for £1.5m Hayling Island property as annexe not mixed use

Annexe of a five-bed house in Hayling Island cannot be used as a separate dwelling as it does not have amenities fit for living and ‘not reasonable’ for guests to use the property’s pool room

14 Apr 2025

Tax

HMRC

Case Reports

Tax | South Kensington mansion deemed residential for £500k SDLT bill

A pharmacist has lost his stamp duty land tax appeal at tribunal as the £6.6m property he purchased was deemed to be wholly used for residential purposes despite occupation restrictions

10 Apr 2025

Tax

Property Tax

HMRC

Case Reports