Tax Compliance

Latest news

Image for qa stamp duty land tax group relief

Tax | Q&A: stamp duty land tax group relief

In this week’s Q&A, Patrick O’Brien, tax adviser at Croner-i, considers the tax compliance issues when applying for stamp duty land tax group relief on bare land

16 Aug 2022

Tax | Thousands of trusts sign up to register

Trustees are signing up to the trustee registration service at a faster rate than any time since the register was first set up, but nearly a million trusts are not registered

16 Aug 2022

Tax

Personal Tax

Tax Compliance

Image for hmrc raises late payment interest 23 august

Tax | HMRC raises late payment interest from 23 August

Following the latest increase in the Bank of England base rate to 1.75%, HMRC will raise interest rates on late tax bills by 0.5%

12 Aug 2022

Tax

HMRC

Tax Compliance

Tax | HMRC redesigns PSA1 form for PAYE

PSA1 forms are going digital after HMRC recently completed a review of customer feedback from employers who use PAYE Settlement Agreements

11 Aug 2022

Tax

Employment Tax

Tax Compliance

Image for shrinking vat gap futile without digital change

Tax | Shrinking the VAT gap is futile without digital change

As tax complexities increase, current processes need overhauling to reduce the error level and close the tax gap, warns Peter Boerhof, VAT director, Vertex

11 Aug 2022

Tax

VAT

Tax Compliance

Image for vat registration rules agents clarified

Tax | VAT registration rules for agents clarified

HMRC has clarified the guidance on how to register for VAT following problems experienced by accountants and tax agents trying to set up new accounts

10 Aug 2022

Tax

VAT

Tax Compliance

Image for hs2 faces ps95m tax bill over ir35 mistakes

Tax | HS2 faces £9.5m tax bill over IR35 mistakes

High speed rail builder HS2 has set aside £9.5m to settle a tax bill for underpayment of income tax and National Insurance due to errors in assessing IR35 contractor compliance

9 Aug 2022

Tax

Employment Tax

Tax Compliance

Image for hmrc discovery assessments cpd module

Tax | HMRC discovery assessments - CPD module

In this month’s exclusive Accountancy Daily CPD module, we examine the risks of discovery assessments, time limits and action to take

9 Aug 2022

Tax | MPs back calls for accountants to be properly qualified

The majority of MPs support plans to legislate that anyone providing tax and accountancy services should be professionally qualified

9 Aug 2022

Tax | More tax avoidance promoters named by HMRC

HMRC has added four companies to its list of tax avoidance scheme promoters, advising people to steer clear of the firms as they are flouting the law

5 Aug 2022

Tax

HMRC

Tax Compliance

Tax | HMRC enquiry activity up 60%

Over the last quarter Croner-i has seen the number of insurance claims increase by 60% as HMRC ramps up enquiry activity into potential tax avoidance

4 Aug 2022

Tax | Capital gains tax receipts hit record £14.3bn

The amount of capital gains tax (CGT) collected in the last year was up 42% on the previous year with a staggering £14.3bn in revenue for the Treasury

4 Aug 2022

Tax | HMRC takes soft approach to trust registration service penalties

With the launch of the trust registration service (TRS) less than a month away, HMRC has confirmed that it will take a soft landing approach to penalties in the first instance

3 Aug 2022

Tax | Q&A: rollover relief on furnished holiday lets

In this week’s Q&A, Croner-i tax adviser Ibrahim Nalla, explains the ins and outs of claiming rollover tax relief on furnished holiday lets

2 Aug 2022

Tax | Filing deadlines: August - October 2022

The latest tax filing deadlines from VAT payments for month or quarter ended 30 June 2022 to corporation tax returns due for accounting periods ended 31 August 2021

1 Aug 2022

Tax

HMRC

Tax Compliance

Image for non dom numbers fall tax take hits ps78bn

Tax | Non dom numbers fall as tax take hits £7.8bn

The number of individuals claiming non dom status has dropped by 10% to 68,300 as covid-19 restricted travel, but they still paid nearly £8bn in taxes

29 Jul 2022

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Tax Services

Latest news

Tax | Q&A: stamp duty land tax group relief

Tax | Thousands of trusts sign up to register

Tax | HMRC raises late payment interest from 23 August

Tax | HMRC redesigns PSA1 form for PAYE

Tax | Shrinking the VAT gap is futile without digital change

Tax | VAT registration rules for agents clarified

Tax | HS2 faces £9.5m tax bill over IR35 mistakes

Tax | HMRC discovery assessments - CPD module

Tax | MPs back calls for accountants to be properly qualified

Tax | More tax avoidance promoters named by HMRC

Tax | HMRC enquiry activity up 60%

Tax | Capital gains tax receipts hit record £14.3bn

Tax | HMRC takes soft approach to trust registration service penalties

Tax | Q&A: rollover relief on furnished holiday lets

Tax | Filing deadlines: August - October 2022

Tax | Non dom numbers fall as tax take hits £7.8bn