Tax Compliance

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Image for investor scion film scheme faces ps180k tax bill

Tax | Investor in Scion film scheme faces £180k tax bill

An investor in a film scheme will have to pay £180,000 in income tax after the Court of Appeal ruled that the income from film distribution rights was taxable

17 Feb 2023

Tax | Annual investment allowance rules create claim problem

The Association of Taxation Technicians (ATT) has called for the government to protect businesses from the ‘strange arithmetic intricacies’ resulting from the permanent increase of the annual investment allowance

17 Feb 2023

Tax | Employees need to check their tax codes for errors

The majority of employers report errors with employee tax codes, while there can be long delays in resolving allocation of the wrong tax code at HMRC

17 Feb 2023

Tax | Associate dentists warned to check self employment status

The British Dental Association (BDA) has advised associate dentists to make sure that they comply with self employed rules as HMRC will remove a vital piece of guidance from April

17 Feb 2023

Tax | Cannabidiol seller wins appeal over late VAT amendment

HMRC has lost a First Tier Tribunal (FTT) appeal to make a late amendment to their statement of case in a £430,000 VAT appeal over zero rating of cannabidiol (CBD) products

16 Feb 2023

Tax | HMRC to change reporting for salary advances

HMRC plans to simplify the reporting rules for salary advances to end the requirement to submit an additional full payment submission (FPS) for paid on account earnings

16 Feb 2023

Tax | HMRC targets Airbnb landlords over unpaid tax

HMRC is ramping up activity to stamp out tax evasion by landlords of short-term property booked through online property sites such as Airbnb and Booking.com

16 Feb 2023

Tax | HMRC targets 2k companies over R&D tax fraud

HMRC has written to more than 2,000 companies to crack down on fraudulent and inaccurate research and development (R&D) tax relief claims

15 Feb 2023

Tax | Director loses £874k tax dispute over late appeal

A director has lost a First Tier Tribunal (FTT) appeal over a dispute regarding a late filing penalty in 2017, which was filed over three years late

15 Feb 2023

Tax | High end dating agency must pay £1.7m VAT

The Court of Appeal has ruled that an upmarket matchmaking agency must pay VAT on the services provided to customers

14 Feb 2023

Tax | Lycamobile faces £105m tax dispute

The auditor of mobile network Lycamobile has refused to sign off the audit over ‘material irregularities’ following a tax dispute over alleged VAT irregularities amounting to £105m

13 Feb 2023

Tax | Director loses appeal over £54k tax errors

A director has lost a First Tier Tribunal (FTT) appeal against two personal liability notices (PLNs) for £54,000 related to VAT and corporation tax inaccuracies

10 Feb 2023

Tax | Tax debt rises by 22% to reach £48bn

The level of tax debt owed to HMRC rose by 22% year-on-year to reach more than £48bn at the end of 2022 with SMEs the worst offenders

10 Feb 2023

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Tax Compliance

Tax | CPD module: taxation of dividends

In this month's exclusive Accountancy Daily CPD module, we provide an overview of the taxation of dividends and distributions, how the tax is charged and reporting requirements

9 Feb 2023

Tax | HMRC loses appeal over £900k tax bill

A director has won a First Tier Tribunal (FTT) appeal against a personal liability notice (PLN) for £900,000 related to VAT transactions HMRC considered to be fraudulent

9 Feb 2023