Tax Compliance

Latest news

Image for paper tax returns will no longer be sent taxpayers

Tax | Paper tax returns will no longer be sent to taxpayers

HMRC is writing to 135,000 self assessment taxpayers who file on paper telling them to move online as support for paper filings will be limited

27 Mar 2023

Tax | HMRC late payment interest rate hits 6.75%

HMRC has revised interest rates with late payment bills charged 6.75% from 13 April, the highest level since January 2008

27 Mar 2023

Tax

HMRC

Tax Compliance

Image for employment agent wins ps31k tax appeal

Tax | Employment agent wins £31k tax appeal

An employment agency has won a First Tier Tribunal (FTT) appeal related to an overpayment relief claim amounting to £31,000 in income tax and national insurance contributions (NICs)

27 Mar 2023

Tax | Keir Starmer paid £67k in tax in 2021/22

Labour leader, Keir Starmer has released a breakdown of his taxes showing that he paid a total of £67,033 to HMRC in the last financial year

24 Mar 2023

Tax | Wales signs off plan for two freeports

Two freeports in Wales have been successful in their bids, backed by £26m each in seed funding by the UK government

23 Mar 2023

Tax | Partnership loses £22.5m profit allocation appeal

A limited liability partnership has lost at the Upper Tribunal after it held that an LLP scheme to reallocate profits was chargeable to income tax

23 Mar 2023

Tax | HMRC makes capital gains tax returns downloadable

Following taxpayer and agent feedback, HMRC has made the paper version of the capital gains tax on UK property return available to download on a limited basis

23 Mar 2023

Tax

Property Tax

Tax Compliance

Image for rishi sunak paid over ps400k uk tax 202122

Tax | Rishi Sunak paid over £400k in UK tax in 2021/22

The prime minister, Rishi Sunak has released a breakdown of his taxes showing that he paid a total of £432,493 in UK tax in 2021/22, with declared earnings reaching £1.9m

23 Mar 2023

Tax | Is it time to regulate the tax advisory market?

The lack of regulation of accountants and tax advisers leaves taxpayers at risk from rogue operators, but there are options to tighten up oversight, argues John Cullinane, director of public policy, Chartered Institute of Taxation

22 Mar 2023

Tax

Tax Compliance

Image for inheritance tax take hits record ps64bn

Tax | Inheritance tax take hits record £6.4bn

Inheritance tax (IHT) receipts in February totalled £531m, bringing in a record for the year so far at £6.4bn

21 Mar 2023

Tax | Q&A: breaching national minimum wage rates

In this week’s Q&A, Croner-i experts explain the April increases to national minimum wage rates and how to avoid breaching the rules

21 Mar 2023

Tax

Employment Tax

Tax Compliance

Image for celebrity big brother star loses ps1m tax appeal

Tax | Celebrity Big Brother star loses £1m tax appeal

A former Celebrity Big Brother contestant has lost a First Tier Tribunal (FTT) appeal over capital gains tax totalling £1m related to his residency in the UK

20 Mar 2023

Tax | Accountants can payroll BIK expenses for clients

HMRC plans to allow tax agents to run payroll benefits in kind (BIK) on behalf of clients for the first time

17 Mar 2023

Tax

Employment Tax

Tax Compliance

Image for budget 2023 capital gains tax avoidance loophole closed

Tax | Budget 2023: capital gains tax avoidance loophole closed

The government will tighten up the rules when an asset is disposed of under an unconditional contract so that HMRC has up to four years to investigate taxpayers

16 Mar 2023

Tax | Flooring contractor wins £90k VAT appeal

The director of a flooring company has won a First Tier Tribunal (FTT) appeal over VAT assessments totalling £90,753 related to whether VAT had been deliberately evaded by the company

16 Mar 2023