Tax | HMRC raises late payment interest from 6 January

HMRC will raise interest rates on tax debt from 6 January following the latest 0.5% increase in the Bank of England base rate

21 Dec 2022

Tax

HMRC

Tax Compliance

Tax | HMRC agent phone lines restricted to ‘complex’ enquiries

HMRC has warned accountants and tax agents that it will only be able to deal with ‘complex’ phone enquiries about self assessment during January

21 Dec 2022

Tax

Personal Tax

HMRC

Tax Compliance

Tax | Homeowner wins £212k stamp duty appeal

An individual has won a First Tier Tribunal (FTT) appeal against a demand from HMRC over disputed stamp duty land tax (SDLT) payments

21 Dec 2022

Tax

Property Tax

HMRC

Tax Compliance

Tax | Overseas property register will target offshore tax evaders

HMRC is planning to use the Register of Overseas Entities to target tax evaders who may be hiding funds offshore to reduce their tax bills

21 Dec 2022

Tax

HMRC

Tax Compliance

Tax | HMRC drop in tax investigations costs £9bn

HMRC’s tax compliance work raised £9bn less tax revenue than normal during the pandemic as thousands of staff moved to Covid-19 support schemes

16 Dec 2022

Tax

HMRC

Tax Compliance

Tax | Higher rate child benefit charge raises £416m

Over 373,000 taxpayers paid high income child benefit charge, raising £416m, down from £437m the previous year

16 Dec 2022

Tax

Personal Tax

HMRC

Tax Compliance

Tax | Changes to HMRC expenses claim form P87

HMRC has issued a reminder about changes to reporting requirements when claiming income tax relief for employment expenses using form P87

14 Dec 2022

Tax

Employment Tax

HMRC

Tax Compliance

Tax | Conservative MP made bankrupt over £1m tax debt

Conservative MP Adam Afriyie has been made bankrupt after owing more than £1.7m to HMRC and Barclays Bank in unpaid tax

13 Dec 2022

Tax

Business Tax

HMRC

Tax Compliance

Politics

Tax | HMRC ramps up tax enquiry activity

HMRC continues to increase enquiry activity into tax compliance returning to pre-pandemic levels, if not beyond

13 Dec 2022

Tax

Business Tax

Personal Tax

HMRC

Tax Compliance

Tax | Netflix paid £5m in tax due to royalty agreement

Streaming service Netflix paid only £5m in corporation tax last year, despite reporting revenues of more than £1.3bn in the UK

13 Dec 2022

Tax

Business Tax

Tax Compliance

Companies

Tax | Q&A: tax liability and medical treatment for employees

In this week’s Q&A, Croner-i payroll adviser Sue Walker, considers whether employer costs for employee’s medical treatment are subject to PAYE as earnings or a benefit in kind

13 Dec 2022

Tax

Employment Tax

Tax Compliance

Tax | Tax management through tough times

With a tightening economy, cash flow is increasingly important while minimising VAT bills is critical, explains Aleksandra Bal, indirect tax technology lead, Stripe

12 Dec 2022

Tax

VAT

Tax Compliance

Tax Planning

Tax | Record £50m in taxes paid via HMRC app

More than 50,000 taxpayers have used the HMRC app to make £50m in self assessment tax payments since February, HMRC has revealed

9 Dec 2022

Tax

Personal Tax

HMRC

Tax Compliance

Technology

Tax | VAT penalties change from 1 January

HMRC’s new penalty regime for late filing and late payments of VAT will be fairer but more complex with interest being charged on all late payments

9 Dec 2022

Tax

VAT

HMRC

Tax Compliance

Tax | HMRC fixes P11D company car issue

HMRC has resolved a problem affecting P11D submissions for company cars with a date of registration from 6 April 2020 onwards

9 Dec 2022

Tax

Business Tax

Employment Tax

Tax Compliance