Thousands of taxpayers have been left waiting as HMRC phone delays continue, despite many rushing to submit their tax returns ahead of 31 January deadline
Two accountants have lost an appeal at the Upper Tribunal against a First Tier Tribunal (FTT) decision over a dividend replacement scheme to generate tax-free income
Wealthy families are being targeted by HMRC for unpaid inheritance tax after the tax authority clawed back a record £326m through investigations last year
It is important to report gains on cryptoassets, such as Ethereum, Bitcoin and non-fungible tokens (NFTs), on tax returns as they are subject to income tax and capital gains tax (CGT)
Following the discovery of extensive use of till fraud to avoid VAT payments, HMRC has confirmed that the disclosure period for abuse of tills will close six weeks later than planned
A change to penalties for VAT returns that are submitted late and VAT which is paid late came into effect from 1 January for VAT accounting periods starting on or after 1 January 2023
HMRC is reminding 5.7 million taxpayers to file their self assessment returns before the 31 January deadline, or they will face automatic £100 penalties
Helping children get on the property ladder can create a tax hangover so it is important to consider the tax implications, explains Adela Cebotari, associate director at RSM
Freeagent CEO Roan Lavery provides some handy tips for preparing an annual self assessment tax return to avoid an automatic penalty if the submission is late