HMRC

Latest news

Image for director faces ps87k bill excessive furlough claim

Tax | Director faces £87k bill for ‘excessive’ furlough claim

HMRC has won a case at tribunal over a disputed £175,000 claim for furlough support payments based on future agreed earnings for family members during pandemic

13 Nov 2024

Tax

HMRC

Case Reports

Tax | CPD module: latest changes to tax rules

In this month’s exclusive free Business & Accountancy Daily CPD module, we focus on the latest developments in tax from rule changes to rates, and the impact of recent tax tribunal decisions.

12 Nov 2024

Tax | Tax filing deadlines: Nov 2024 to Mar 2025

Deadline for corporation tax for accounting periods ended 28 February 2024

12 Nov 2024

Tax | HMRC warns landlords to disclose earnings

As the deadline for self assessment gathers pace, HMRC has urged anyone with unpaid tax on property income to disclose buy to let earnings

8 Nov 2024

Tax | Universities face cash squeeze from employer NI rise

The tuition fee rise may have been a shock to students, but universities may not be better off because of employer’s national insurance and minimum wage increases

8 Nov 2024

Tax | VAT receipts climb almost £10bn in one year

Total VAT for the 2023-24 tax year boomed as the tax take rose to almost £170bn, the revised figure for 2022-23 was £159bn

7 Nov 2024

Tax

VAT

HMRC

Image for accountant failed pay ps116k tax sideline work

Tax | Accountant failed to pay £116k tax for sideline work

An accountant who was paid by people to complete their tax returns as a gig job outside his PAYE employment failed to pay tax on these ad hoc earnings

6 Nov 2024

Tax

HMRC

Case Reports

Image for budget 2024 charity gift aid rules be strengthened

Tax | Budget 2024: Charity Gift Aid rules to be strengthened

HMRC is planning to clamp down on charitable tax reliefs claimed through Gift Aid, but not until 2026 to ‘give charities time to adjust to the new rules’

6 Nov 2024

Tax | Private schools use human rights law to challenge VAT

The Independent Schools Council is gearing up to fight the decision taken by Labour to charge VAT on private school fees from 1 January 2025

4 Nov 2024

Tax | Lycamobile to appeal £51m VAT ruling

An appeal to the Upper Tribunal was filed by Lycamobile after it lost a £51m VAT dispute with HMRC back in July

4 Nov 2024

Business | All tax advisers will have to register with HMRC

In a bid to clamp down on rogue tax practitioners and to stamp out unethical operators, the government will introduce mandatory registration for all tax advisers dealing with HMRC from 2026

4 Nov 2024

Tax | Budget 2024: vape liquid will be taxed £2.20 per 10ml

Vaping has been added to the list of vice taxes with the Chancellor bringing vape liquids into the tax fold at a flat rate from 1 October 2026

4 Nov 2024

Tax | Budget 2024: private school tax raid won’t impact MOD staff

As VAT on private schools goes ahead, Ministry of Defence and Foreign Office staff will receive further funding help with school fees to offset the higher costs

1 Nov 2024

Tax | Loan charge up for second independent review

The government plans to commission another independent review of the loan charge after widespread dissatisfaction with the original Morse report and HMRC's handling of the controversial issue

1 Nov 2024