Tax | Holly Willoughby’s agency faces £300k tax bill

The former This Morning presenter and her husband’s TV production company could be wound up by HMRC after failing to pay a significant tax bill

21 Feb 2025

Tax

HMRC

Tax | HMRC pulls in £4.4bn more in self assessment tax record

HMRC collected an additional £23bn in taxes since April to January this tax year, with self assessment tax take up 19%, an eye watering £10bn more than pre-pandemic

21 Feb 2025

Tax

HMRC

Tax | HMRC hauls in record £409m in late payment interest

The amount of late payment interest paid by taxpayers has trebled since the start of the pandemic as frozen thresholds drag more into tax net

20 Feb 2025

Tax

Business Tax

Personal Tax

HMRC

Tax Compliance

Tax | FTT finds Asset House promoted Belize trust tax scheme

A London based asset management firm was found to be a promoter of a corporate remuneration trust scheme that was used to avoid tax

20 Feb 2025

Tax

HMRC

Tax Compliance

Case Reports

Tax | Enquiry spotlight: HMRC’s position ‘fundamentally flawed’

Bash Khanzada, enquiries consultant at Croner-i, defends a taxpayer in dispute with HMRC over a capital gains tax bill where the distinction between legal and beneficial ownership of a property was the critical issue

20 Feb 2025

Tax

Property Tax

HMRC

Tax Compliance

Tax | HMRC clarifies when time to pay plans can be set up online

In the first update to time to pay guidance for four years, HMRC has clarified when pay plans can be set up without speaking to them directly

19 Feb 2025

Tax

Business Tax

Personal Tax

HMRC

Tax Compliance

Tax | Farmers propose clawback alternative to IHT tax changes

Farmers are still trying to reverse the inheritance tax changes which will begin in April 2026, but ministers ‘bluntly refused any suggestion of a compromise’ at a meeting this week

19 Feb 2025

Tax

Property Tax

Inheritance Tax

HMRC

Tax Compliance

Tax | Webchat use reduces HMRC wait time to 19 minutes

The latest HMRC performance report showed that wait times are improving for callers as a flood of new hires to call centres relieves pressure but 15% of callers still cannot get through

19 Feb 2025

Tax

HMRC

Tax | Does my online side hustle warrant an HMRC investigation?

As online platforms drop large amounts of transaction data at the door of HMRC, Andrew Parkes, national tax director at Andersen LLP, explains who’s likely to be targeted in follow-up compliance work

18 Feb 2025

Tax

Personal Tax

HMRC

Tax Compliance

Tax Planning

Tax | First time buyers race to beat £10k stamp duty bill

As the 1 April deadline approaches 550,000 house buyers are desperately trying to get their purchases through before reduced stamp duty reverts to 2022 rates

18 Feb 2025

Tax

Property Tax

HMRC

Business | HMRC changes guidance on Condition C for LLP salaried members

In a helpful move for salaried members of limited liability partnerships (LLPs), HMRC has been forced to change guidance on application of Condition C after Bluecrest decision 

18 Feb 2025

Business

Accountancy Firms

Tax

Personal Tax

HMRC

Tax Compliance

Tax | Arsenal footballer Zinchenko loses HMRC tax dispute

Oleksandr Zinchenko has agreed to pay a six-figure tax bill owed by his image rights company after High Court hearing

17 Feb 2025

Tax

Personal Tax

HMRC

Tax | Dog breeders may have to register with HMRC

Up to 17,000 people working in the animal welfare sector, which includes dog and cat breeders and sellers, could be made to register with HMRC to renew their licences

14 Feb 2025

Tax

HMRC

Tax Compliance

Tax | Festival food vendor tries to blame HMRC for late VAT payment

A pop-up food vendor has lost an appeal after attempting to blame HMRC for delayed VAT payments which resulted in a £423 penalty

14 Feb 2025

Tax

VAT

HMRC

Case Reports

Tax | Royal Bank of Canada wins £19m tax dispute

HMRC has lost a long running tax case after Supreme Court rules in favour of Royal Bank of Canada over disputed £19m tax bill related to North Sea oil payments

13 Feb 2025

Tax

Business Tax

International Tax

HMRC

Case Reports