HMRC

Latest news

Image for stealth tax could hit farmers descendants

Tax | Stealth tax could hit farmers’ descendants

Farmers are not backing down on their opposition to inheritance tax charges on their farming properties, but now Price Bailey has warned of a ‘stealth tax on gifted assets’

9 Dec 2024

Tax | Prism Payroll owes £1.15m VAT penalty

A Staffordshire umbrella payroll company has been fined more than a million pounds by HMRC for failure to pay VAT on transactions

6 Dec 2024

Tax

VAT

HMRC

Image for 100k people dragged 60 tax trap

Tax | 100k people dragged into 60% tax trap

The number of people pulled into 60% tax has soared by 18% to 634,000 in the last 12 months, while over four million now pay higher rate tax

6 Dec 2024

Tax

Personal Tax

HMRC

Tax | HMRC clarifies complex marriage allowance SA process

Anyone who claims marriage allowance must follow a complicated process related to timing of filings when including the information on their self assessment tax returns

5 Dec 2024

Tax | Production company beats HMRC in £720k R&D case

York-based media production company which designed stage sets for Ed Sheeran and Eurovision has won a research & development (R&D) tax relief dispute against HMRC’s assessments

5 Dec 2024

Tax | Online seller tax uproar ‘inaccurate’

HMRC ‘cannot be clearer’ that the sharing of data between online platforms and HMRC from January 2025 is not the beginning of a new tax

4 Dec 2024

Tax | Tax filing deadlines: Dec 2024 to Mar 2025

Deadline for online personal tax returns for 2023–24 if taxpayer wants tax underpayment collected via PAYE

4 Dec 2024

Tax | Covid fraud commissioner hired to tackle pandemic fraud

The newly appointed Covid counter-fraud commissioner will earn £84,000 a year, reporting directly to Chancellor Rachel Reeves

4 Dec 2024

Tax

HMRC

Law and Regulation

Tax | Gary Lineker settles with HMRC over £4.9m tax bill

HMRC has confirmed that it has settled the long-running IR35 tax case with Gary Lineker over a £4.9m tax liability over BBC and BT Sport presenting work

4 Dec 2024

Tax

HMRC

Case Reports

Image for alcohol importers ps25m vat case sent back ftt

Tax | Alcohol importer’s £25m VAT case sent back to FTT

Judges have sent back an alcohol importer’s appeal over a multimillion VAT case to the First Tier Tribunal (FTT)

3 Dec 2024

Tax | HMRC side hustler tool to check whether tax owed

HMRC has created a tool to help people running side hustles to work out whether they are liable for income tax on additional earnings

3 Dec 2024

Tax | Accountant to stars loses claim for damages against HMRC

One-time celebrity accountant Christopher Lunn has lost a case at County Court for claims of damage and injury against HMRC

2 Dec 2024

Tax | HMRC extends wait time to register for agent services account

Tax agents will have to wait up to eight weeks for HMRC to approve applications for agent services accounts

29 Nov 2024

Tax

HMRC

Tax Compliance

Tax | HMRC compliance hires ‘need to hit the ground running’

MPs on the Treasury Committee questioned HMRC boss about how quickly new compliance staff will be able to make an impact on tax gap, scale of farming tax and plans to implement artificial intelligence (AI)

28 Nov 2024

Tax

HMRC

Image for how reduce capital gains tax bills legally

Tax | How to reduce capital gains tax bills legally

The rise in capital gains tax (CGT) rates at the Budget has left people wondering how to reduce their exposure and where to invest, warns Rowan Morrow-McDade, tax director at Alexander & Co

28 Nov 2024