Tax Compliance

Latest news

Image for paye will be payable direct debit hmrc

Tax | PAYE will be payable by direct debit to HMRC

HMRC has confirmed plans to modernise its direct debit payment system for employer PAYE so a recurring direct debit can be set up for the first time

28 Jul 2022

Tax | Practical planning - bare trusts and tax

The inheritance tax and capital gains tax rules treat bare trusts quite differently so it is important to plan carefully, explains Andrew Cockman LLB LLM TEP CTA (Fellow), director, personal tax advisory at Azets

27 Jul 2022

Tax | Q&A: stamp duty issues on replacing main residence

In this week’s Q&A, Kabita Tank, tax adviser at Croner-i, considers whether the higher rate stamp duty land tax rate is reclaimable if a property owner quickly changes status of additional purchase

26 Jul 2022

Tax

Property Tax

Tax Compliance

Image for hmrc fined taxpayers ps187m mistakes tax returns

Tax | HMRC fined taxpayers £1.87m for mistakes in tax returns

Last year HMRC handed out 80% more penalties for careless errors made by taxpayers in their tax returns, with 89,317 penalties issued in 2021-22 although the majority were cancelled

22 Jul 2022

Tax | R&D tax credit claims will require pre-registration with HMRC

Changes to the research and development (R&D) tax credits regime will see new requirements to apply for all reliefs online and pre-registration of claims regardless of size of business

21 Jul 2022

Tax

Business Tax

Tax Compliance

Image for capital gains tax rules divorcing couples changing

Tax | Capital gains tax rules for divorcing couples changing

The government is changing the rules so that divorcing couples no longer need to settle their estates within a year and face capital gains tax bills

21 Jul 2022

Tax | Second payment on account tax due 31 July

Individuals who fill in a self-assessment tax returns and owe more than £1,000 in tax need to pay their latest instalment by 31 July

19 Jul 2022

Tax

Personal Tax

Tax Compliance

Image for two thirds tax agents critical hmrc helpline

Tax | Two thirds of tax agents critical of HMRC helpline

Confidence in the quality of the tax agents dedicated helpline has fallen to 36% over the past year as HMRC service levels have declined post pandemic

19 Jul 2022

Tax

HMRC

Tax Compliance

Image for how register professional tax agent

Tax | How to register as a professional tax agent

HMRC has issued guidance about how to register as a professional tax agent, outlining the steps to take

18 Jul 2022

Tax

HMRC

Tax Compliance

Tax | The world of NFTs – a tax perspective

Disposal of crypto assets triggers a capital gains tax charge, but clarity on non-fungible tokens (NFTs) is less clear. Zoe Wyatt, partner and head of crypto at Andersen, explains some of the factors for accountants and investors

14 Jul 2022

Tax

Personal Tax

Tax Compliance

Image for money laundering rules art dealers updated

Tax | Money laundering rules for art dealers updated

The latest anti-money laundering guidance for art dealers stresses that buyers must be identified as part of attempts to improve due diligence

13 Jul 2022

Tax

HMRC

Tax Compliance

Image for qa are air miles taxable benefit kind

Tax | Q&A: are Air Miles a taxable benefit in kind?

In our weekly Q&A, Croner-i tax adviser Vanessa Matthews considers whether air miles earned through the use of company credit cards is a taxable benefit

12 Jul 2022

Tax

Personal Tax

Tax Compliance

Image for direct taxpayer access hmrc always good thing

Tax | Is direct taxpayer access to HMRC always a good thing?

Increasing use of HMRC’s digital disclosure service via the internet can be a high risk approach for ill-informed taxpayers, warns Andrew Park, tax investigations partner at Andersen

11 Jul 2022

Tax | Lack of awareness of CGT liability among crypto investors

More than half of investors in cryptocurrency have limited or no understanding of capital gains tax and associated tax liability on crypto transactions

6 Jul 2022

Tax | Q&A: capital gains tax and non-residents

In this week’s Q&A, Croner-i tax adviser Julian Payne, considers the tax compliance issues for non-residents when facing capital gains tax on disposal of business assets

5 Jul 2022

Tax | R&D tax claims – professional conduct and fees

As HMRC focuses on the veracity of research and development (R&D) tax incentive claims, Craig Flynn CTA, VIP R&D consultant at Croner-i, examines professional conduct and fees

4 Jul 2022

Tax

Business Tax

Tax Compliance

Navigate

Tax Services

Latest news

Tax | PAYE will be payable by direct debit to HMRC

Tax | Practical planning - bare trusts and tax

Tax | Q&A: stamp duty issues on replacing main residence

Tax | HMRC fined taxpayers £1.87m for mistakes in tax returns

Tax | R&D tax credit claims will require pre-registration with HMRC

Tax | Capital gains tax rules for divorcing couples changing

Tax | Second payment on account tax due 31 July

Tax | Two thirds of tax agents critical of HMRC helpline

Tax | How to register as a professional tax agent

Tax | The world of NFTs – a tax perspective

Tax | Money laundering rules for art dealers updated

Tax | Q&A: are Air Miles a taxable benefit in kind?

Tax | Is direct taxpayer access to HMRC always a good thing?

Tax | Lack of awareness of CGT liability among crypto investors

Tax | Q&A: capital gains tax and non-residents

Tax | R&D tax claims – professional conduct and fees