Tax | HMRC raises late payment interest from 11 October

HMRC will raise interest rates on tax debt from 11 October following the 0.5% increase in the base rate

26 Sep 2022

Tax

HMRC

Tax Compliance

Tax | Preparing for changes to tax year basis

HMRC is reminding sole traders and partnerships that the rules for income tax in a self assessment return are changing for the tax year 2023 to 2024 onwards

22 Sep 2022

Tax

Business Tax

Personal Tax

HMRC

Tax Compliance

Tax Planning

Tax | PAYE direct debit service delayed until October

HMRC has delayed the launch of a new service allowing employers to set up variable direct debit plans to pay PAYE tax and NIC liabilities

21 Sep 2022

Tax

Employment Tax

HMRC

Tax Compliance

Tax | Q&A: R&D tax credit cap

In our regular Q&A, Croner-i tax adviser Vivienne Cheung explains how the research and development (R&D) tax credit cap works in line with PAYE liability

20 Sep 2022

Tax

Business Tax

Tax Compliance

Tax | Business mileage rates cannot exceed 45p

Following some confusion over the tax status of business mileage rates, the government has confirmed that tax-free payments are capped at 45p per mile

16 Sep 2022

Tax

Employment Tax

Tax Compliance

Tax | Tax for Brits purchasing and owning properties in France

Lea Maynard, senior paralegal at law firm Buckles, explains the tax implications for Brits buying and owning properties in France from capital gains tax to domicile issues 

13 Sep 2022

Tax

Personal Tax

Property Tax

Tax Compliance

Tax Planning

Tax | Q&A: trusts and 10-year tax charges

In this week’s Q&A, Croner-i tax advice consultant Kiya Jacobs, considers the tax liability for trusts facing 10-year charges and exit arrangements

13 Sep 2022

Tax

Personal Tax

Tax Compliance

Tax | OTS reviews tax implications of distance working

The Office of Tax Simplification (OTS) is consulting on the tax implications of hybrid and distance working, particularly when staff work overseas on an ad hoc basis

8 Sep 2022

Tax

Employment Tax

Tax Compliance

Tax | Employment related securities, elections and tax

Martin Jackson, senior technical writer, Croner-i, considers when to make an election about employment related securities and how the timing affects tax liability

7 Sep 2022

Tax

Personal Tax

Tax Compliance

Tax Planning

Tax | HMRC probes suspected tax evasion bank customers

HMRC is targeting hundreds of UK customers of a collapsed Puerto Rican bank linked to tax evasion and money laundering

7 Sep 2022

Tax

Personal Tax

International Tax

HMRC

Tax Compliance

Tax | HMRC chases 4,000 taxi drivers over unpaid tax

HMRC has written to more than 4,000 taxi and private hire vehicle drivers to claim back unpaid tax, following recent registration requirements

7 Sep 2022

Tax

Business Tax

HMRC

Tax Compliance

Tax | Unacceptable HMRC service levels must be addressed

The president of the Chartered Institute of Taxation (CIOT) has called on the new UK government to invest to improve HMRC’s unacceptable service levels

7 Sep 2022

Tax

HMRC

Tax Compliance

Tax | Big Four criticised over approach to global tax

Global tax authorities have a negative perception of the transparency of multinationals when it comes to tax as well as low levels of trust in the Big Four firms

6 Sep 2022

Tax

International Tax

Tax Compliance

Tax | Q&A: electric cars, tax and salary sacrifice

In this week’s Q&A, Croner-i payroll adviser Joe Tabois explains how salary sacrifice and tax breaks work when applied to company electric cars and low emission vehicles 

6 Sep 2022

Tax

Employment Tax

Personal Tax

Tax Compliance

Tax | IR35 review could simplify guidance on compliance

HMRC plans to review IR35 guidance and provide a cost benefit analysis of the impact of the rules, which assesses whether workers should be classified as employees and taxed at source

5 Sep 2022

Tax

Employment Tax

Personal Tax

HMRC

Tax Compliance