Tax Compliance

Latest news

Image for hmrc targets overseas corporate property owners

Tax | HMRC targets overseas corporate property owners

HMRC is sending letters to overseas entities that have registered on the UK’s Register of Overseas Entities (ROE) warning them that they need to report all UK tax liabilities

15 Mar 2023

Tax | Capital gains tax allowance slashed to £6,000 from 6 April

There are only a few weeks left until the capital gains tax annual exemption is halved to £6,000 bringing 250,000 taxpayers into scope from 2023-24 tax year

13 Mar 2023

Tax | Promoters of tax avoidance to face criminal charges

Tax advisers promoting tax avoidance schemes are likely to face criminal action as Chancellor plans to introduce tough legislation in the Budget

13 Mar 2023

Tax | R&D tax fraud needs to be stamped out

HMRC and the government need to take urgent action to clamp down on the prevalence of R&D tax fraud and reform the rules, says Lord Leigh of Hurley, chair of the Finance Bill Sub-Committee

13 Mar 2023

Tax | Taxpayer ‘careless’ in £58k VAT penalty appeal

An export company made a careless error, not a deliberate one, in its VAT return, resulting in cancellation of £58,000 VAT penalty

10 Mar 2023

Tax | HMRC warning to check super-deduction reporting errors

HMRC has sent letters to businesses advising them to check their super-deduction reporting to ensure they have not claimed for lease related transactions

10 Mar 2023

Tax | Former accountant submitted £24k fake EIS claims for client

A taxpayer has won an appeal after his former accountant fraudulently claimed enterprise investment scheme relief (EIS) without his knowledge

9 Mar 2023

Tax | HMRC clarifies guidance on IR35 off-payroll working rules

In line with IR35, HMRC has issued a set of guidance for off-payroll working for intermediaries and contractors providing services to small clients in the private or voluntary sectors

8 Mar 2023

Tax | Construction boss jailed for £2m tax fraud

The head of a string of construction companies has been jailed for a fraud involving over £2m of VAT and tax evasion

7 Mar 2023

Tax | Local authority leisure centres do not have to charge VAT

In a win for local councils, HMRC has conceded that local authorities can apply the non-business VAT treatment to leisure services provided to members of the public

6 Mar 2023

Tax | Office of Tax Simplification should not be closed

In a hearing before the Treasury Committee, a director of the Office of Tax Simplification (OTS) told MPs that the former Chancellor Kwasi Kwarteng decided to close the independent body without justification

2 Mar 2023

Tax | Filing deadlines: March - May 2023

The latest tax filing deadlines for VAT returns and payments due for month or quarter ended 31 January 2023 with new penalty regime

1 Mar 2023

Tax

Tax Compliance

Tax Planning

Image for builder jailed ps158k vat fraud

Tax | Builder jailed for £158k VAT fraud

A builder from Hull has been jailed for three years following his involvement with a VAT refunds scam inspired by BBC show Rogue Traders that netted more than £158,000

1 Mar 2023

Tax | Companies must revalue residential properties for ATED

The deadline for companies that own UK residential properties to revalue and tell HMRC if any are worth more than £500,000 is fast approaching

1 Mar 2023

Tax

Property Tax

Tax Compliance

Image for qa corporation tax associated companies

Tax | Q&A: corporation tax for associated companies

In this week’s Q&A, Croner-i tax advice consultant Ray Bradbury, explains the tax liability when dealing with associated companies when corporation tax rises in April

28 Feb 2023

Tax | Homeowner loses £10k tax avoidance case

A homeowner has lost a First Tier Tribunal (FTT) appeal regarding a stamp duty land tax (SDLT) avoidance scheme used for the purchase of a residential property worth £325,000

27 Feb 2023

Navigate

Tax Services

Latest news

Tax | HMRC targets overseas corporate property owners

Tax | Capital gains tax allowance slashed to £6,000 from 6 April

Tax | Promoters of tax avoidance to face criminal charges

Tax | R&D tax fraud needs to be stamped out

Tax | Taxpayer ‘careless’ in £58k VAT penalty appeal

Tax | HMRC warning to check super-deduction reporting errors

Tax | Former accountant submitted £24k fake EIS claims for client

Tax | HMRC clarifies guidance on IR35 off-payroll working rules

Tax | Construction boss jailed for £2m tax fraud

Tax | Local authority leisure centres do not have to charge VAT

Tax | Office of Tax Simplification should not be closed

Tax | Filing deadlines: March - May 2023

Tax | Builder jailed for £158k VAT fraud

Tax | Companies must revalue residential properties for ATED

Tax | Q&A: corporation tax for associated companies

Tax | Homeowner loses £10k tax avoidance case