Tax Compliance

Latest news

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Tax | 100 days left to file self-assessment returns

HMRC is reminding taxpayers that there are just 100 days left to complete their self-assessment tax returns, ahead of the deadline on 31 January 2023

24 Oct 2022

Tax | MTD extension will raise costs for SMEs, says ABAB

Making Tax Digital for Income Tax will raise costs for business and will not reduce the time spent completing tax returns

21 Oct 2022

Tax | NHS Trust loses £270k appeal over VAT on parking

An NHS Foundation Trust has lost an appeal against a First Tier Tribunal (FTT) decision over an exemption from VAT payments for car parking charges

20 Oct 2022

Tax | Tax from trusts edges up to £1.45bn

The total tax payable on trusts and estates in the year ending 2021 was £1.45bn, increasing by 5% as more trusts sign up to Trust Registration Service

14 Oct 2022

Tax | HMRC covid fraud recovery team misses £800m target

The dedicated covid fraud taskforce at HMRC has failed to meet targets set for fraud recovery while investigations are taking longer than expected to complete

13 Oct 2022

Tax | Sheffield director jailed for £460k tax fraud

A Sheffield based director has been jailed for five years after dishonestly submitting 140 false invoices to avoid paying £460,000 in VAT

10 Oct 2022

Tax | Marshmallow wholesaler wins £470k VAT appeal

A wholesaler of American sweets has won an appeal at First Tier Tribunal (FTT) over a dispute with HMRC relating to VAT assessments valued at £472,928

6 Oct 2022

Tax | The importance of using Gift Aid for tax-free charitable donations

Ross Palmer, senior tax manager at Sayer Vincent, explains the tax benefits of charitable donations to mark Gift Aid Awareness Day on 6 October, organised by Charity Finance Group (CFG)

6 Oct 2022

Tax | Sign up to the Pillar Two rules webinar

Croner-i is running a webinar focusing on OECD's Pillar Two (GloBE) rules which are due in January 2024

5 Oct 2022

Tax | Q&A: employee ownership trust funding

In this week’s Q&A, Croner-i tax consultant David Woolley examines the tax implications of an employee ownership trust (EOT) in funding the purchases of company shares

4 Oct 2022

Tax

Business Tax

Tax Compliance

Tax | Filing deadlines: October - December 2022

The latest tax filing deadlines from corporation tax return due for accounting periods ended 31 December 2021 where not payable by instalments

4 Oct 2022

Tax

Tax Compliance

Tax Planning

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Tax | Tax investigations into football clubs hit £59m

HMRC tax investigations into football clubs have yielded an additional £59m of tax in the last year, a 30% increase on the £45m in the previous year

3 Oct 2022

Tax

HMRC

Tax Compliance

Image for number outstanding tax tribunals rises sharply

Tax | Number of outstanding tax tribunals rises sharply

The number of cases waiting to be heard at First Tier Tax tribunals rose sharply by 783% for the first quarter to 10,000, compared to last year

29 Sep 2022

Tax | Welsh property tax threshold increased to £225k

The Welsh government will cut the threshold for land transaction tax (LTT) rates for property purchases to reflect changes in England after mini Budget

29 Sep 2022

Tax

Property Tax

Tax Compliance

Image for business property relief and excepted assets

Tax | Business property relief and excepted assets

Building up cash reserves could leave a nasty sting in the tail if you want to use business property relief to offset inheritance tax bills, but there are ways to mitigate the problem

28 Sep 2022