Tax Compliance

Latest news

Image for covid fraud taskforce set close

Tax | Covid fraud taskforce set to close

In a letter to MPs, HMRC chief Jim Harra stressed that the taxpayer protection taskforce (TPT) was not providing the best value for taxpayers, following limited results in tackling fraud and error

19 Jan 2023

Tax

HMRC

Tax Compliance

Tax | HMRC uses text messages to answer taxpayer queries

HMRC has started to send text messages to taxpayers who contact their helplines by mobile phone

19 Jan 2023

Tax | Watch out for ‘white space disclosures’ on tax returns

Following the decision to focus more funds on targeting tax avoidance by the wealthiest taxpayers, HMRC is asking people to disclose more information on tax returns

19 Jan 2023

Tax | HMRC targets online sellers and influencers for unpaid tax

In the latest wave of nudge letters, HMRC has singled out online sellers, influencers and content creators warning them that they have not paid enough tax

18 Jan 2023

Tax | Q&A: tax liability when gifting a home

In this week’s Q&A, Croner-i’s Stephen Fletcher explains the potential inheritance tax liabilities when giving a property to a relative under gifting with reservation of benefits rules

17 Jan 2023

Tax | Orthodontists lose £300k tax appeal over gold purchase

An orthodontics company has lost a First Tier Tribunal (FTT) appeal regarding tax liability related to an employee benefit trust involving £300,000 worth of gold bullion

17 Jan 2023

Tax | Exeter Council takes direct debit payments early

Exeter City Council has accidentally taken council tax direct debit payments more than a week early following a processing error

17 Jan 2023

Tax

Employment Tax

Tax Compliance

Image for hmrc lost ps6bn covid stopped compliance work

Tax | HMRC lost £6bn as covid stopped compliance work

Over two thousand HMRC staff were moved from compliance work to handle covid related schemes and Brexit reducing tax take by £6bn

17 Jan 2023

Tax

HMRC

Tax Compliance

Image for taxpayers liable ated must revalue property

Tax | Taxpayers liable for ATED must revalue property

HMRC is reminding companies taxed under the annual tax on enveloped dwellings (ATED) must revalue their property in 2023

16 Jan 2023

Tax

Property Tax

Tax Compliance

Image for basis period reporting overlap relief not finalised

Tax | Basis period reporting on overlap relief not finalised

HMRC has issued more details about the move to basis period reporting, updating the Association of Taxation Technicians (ATT) on easements for provisional figures and overlap relief

13 Jan 2023

Tax | Firms paid duplicate VAT charges due to CDS issue

HMRC has issued new guidance to businesses that may have overpaid VAT on declarations made at the end of last year due to a technical issue with the Customs Declaration Service (CDS)

13 Jan 2023

Tax | HMRC changes option to tax process

HMRC will no longer send option to tax notification receipt letters from 1 February to improve efficiency

13 Jan 2023

Tax | HMRC cracks down on rogue repayment agents

HMRC is taking immediate action to clamp down on rogue repayment agents who entice taxpayers into agreements to reclaim overpaid tax while taking large commissions

11 Jan 2023

Tax | TalkTalk loses £10m appeal over VAT discount scheme

TalkTalk has lost a First Tier Tribunal (FTT) appeal over VAT on a prompt payment discount scheme it introduced in 2014

11 Jan 2023

Tax | Q&A: tax, funds and spread betting

In this week’s Q&A, Croner-i VIP tax advisor Ewan Edwards, considers the income tax implications when investing in a business with funds generated from spread betting profits

10 Jan 2023

Tax

Personal Tax

Tax Compliance