HMRC

Latest news

Image for fishery not eligible ps800k business relief

Tax | Fishery not eligible for £800k business relief

The executors of the business attempted to claim business relief for inheritance tax reasons but were denied as it was considered ‘a business of holding investments’

25 Sep 2024

Tax | Shein accused of tax dodging by Superdry boss

Superdry boss Julian Dunkerton has accused the budget online retailer Shein of being allowed to ‘dodge tax’ in an unfair way

25 Sep 2024

Tax | Capital gains tax receipts double

Many are expecting increases to capital gains tax (CGT) rates to be announced in the October 2024 Budget, data shows the reduction in the rate has helped to increase receipts

25 Sep 2024

Tax | How can incentives for capital investment better support SMEs?

Partner at RSM, James Tetley, asks how SMEs can be supported by the capital investment sought out by the Chancellor

24 Sep 2024

Tax | 671,000 young adults urged to claim their trust funds

HMRC are today informing over half a million 18–22-year-olds with a Child Trust Fund to claim their savings as an average of £2,212 sits in each one

24 Sep 2024

Tax

HMRC

Image for ni contributions down over ps1bn

Tax | NI contributions down by over £1bn

The total tax and national insurance (NI) receipts for August were up but the national insurance take is down by over £1bn from August 2023, balanced out by a £1bn increase in income tax receipts

24 Sep 2024

Tax

HMRC

Tax | Tax savings moves to make before the budget

Experts, Sarah Coles, head of personal finance and Helen Morrissey, head of retirement analysis from Hargreaves Lansdown recommends tax-saving moves which would be beneficial to make before 30 October

23 Sep 2024

Tax

Personal Tax

HMRC

Image for side hustle sales reporting could cause chaos taxpayers

Tax | Side hustle sales reporting could ‘cause chaos for taxpayers’

HMRC needs to ramp up communications to ensure side hustlers are aware that they need file a tax return as up to two million people could be affected

19 Sep 2024

Tax

Personal Tax

HMRC

Tax | Warning on fake phone calls about undelivered HMRC letters

Scammers are sending taxpayers emails and calling them from UK mobiles telling targets to respond immediately or face legal action

19 Sep 2024

Tax | HMRC assessments invalid after ‘misconstrued’ phone call

There was ‘insufficient evidence’ found by HMRC’s investigating officer leading to an appeal against four years of assessments for nearly £13,000

18 Sep 2024

Tax

HMRC

Case Reports

Image for aviation fuel should be taxed raise ps6bn

Tax | Aviation fuel should be taxed to raise £6bn

A transport think tank is lobbying the Chancellor to charge aviation companies and private jet owners fuel duty with billions in potential tax for the Treasury

17 Sep 2024

Tax

HMRC

Image for pgmol football referees lose ps584k tax appeal

Tax | PGMOL football referees lose £584k tax appeal

The Supreme Court has dismissed an appeal by the Professional Game Match Officials Limited (PGMOL) over a long-running dispute with HMRC over the tax status of referees

16 Sep 2024

Tax | HMRC updates pay by bank transfer details

HMRC has updated the payment details used to pay by bank transfer affecting all business users

16 Sep 2024

Business | Solucionis slapped with stop notice for tax avoidance

HMRC has issued a stop notice against Liverpool based Solucionis Limited, preventing the umbrella company from promoting tax avoidance schemes

13 Sep 2024

Tax | Dry cleaner appeals against £575k tax demand

London-based dry cleaners appealed against corporation tax, VAT and penalties at the First Tier Tribunal but the appellant was ‘not sure’ if they had appealed in time

12 Sep 2024