Tax Compliance

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Image for corporation tax small profits rate and marginal relief

Tax | Corporation tax: small profits rate and marginal relief

Calculating the small profits rate after the increase in corporation tax to 25% requires a complex calculation, explains Paul Davies FCA, senior tax writer at Croner-i

12 Apr 2023

Tax | Half of UK income tax paid in south east

Nearly half of the income tax collected in the UK last year was paid by taxpayers in London and the south east, according to HMRC figures analysed by the Liberal Democrats

12 Apr 2023

Tax | HMRC wins £12.5m Luton hotel tax dispute

The Court of Appeal has ruled in favour of HMRC over a claim for capital allowances totalling £12.5m for the conversion of a flight training centre into a hotel

11 Apr 2023

Tax | Personal tax changes from 6 April 2023

Frozen tax thresholds will see more taxpayers dragged into higher rate 40% tax this year, dividend allowance and capital gains tax allowances slashed

6 Apr 2023

Tax | HMRC frees up Agent Dedicated Line for SA penalty enquiries

HMRC is making a temporary change to the Agent Dedicated Line for accountants and tax agents to help reserve capacity on the line specifically for one-to-one support at the start of the tax year

6 Apr 2023

Tax | HMRC service will not improve without funding hike

The lack of funding for HMRC is raising serious concerns about the way that the tax authority is going to cope in the short term, warns ACCA

5 Apr 2023

Tax | Filing deadlines: April - July 2023

Our handy guide to tax filing deadlines from last date to register to payroll benefits in kind for 2023–24 to amending corporation tax returns for accounting periods ended 30 April 2021

3 Apr 2023

Tax

Tax Compliance

Tax Planning

Tax | Tax changes from 1 April 2023

The rate of corporation tax has increased by a third from 19% to 25% for the largest businesses from 1 April and full expensing is available for three years

3 Apr 2023

Tax | National minimum wage increases by almost £1 an hour

The national minimum wage rate is increasing to £10.42 from £9.50 reflecting a 9.7% annual rise while younger workers and apprentices will see an above inflation rise

31 Mar 2023

Tax

Employment Tax

Tax Compliance

Image for businesses find vat rules too complex

Tax | Businesses find VAT rules too complex

Two thirds of companies complain that VAT compliance is complex and confusing as we mark the 50th anniversary of the introduction of the tax

30 Mar 2023

Tax | Pros and cons of co-sourcing tax work

As tax work becomes more commoditised and data goes to the cloud, companies should consider co-sourcing accounting services to reduce costs, argues Russell Gammon, chief solutions officer at Tax Systems

30 Mar 2023

Tax

Business Tax

Tax Compliance

Image for tv presenter eamonn holmes loses ir35 tax case

Tax | TV presenter Eamonn Holmes loses IR35 tax case

In the latest IR35 case, presenter Eamonn Holmes has lost an appeal at the Upper Tribunal against HMRC leaving him liable to pay an unspecified amount in tax

30 Mar 2023