Tax Compliance

Latest news

Image for high income child benefit charge catches out taxpayers

Tax | High income child benefit charge catches out taxpayers

Mistakes made when claiming higher rate child benefit are most frequently the result of poor communication from HMRC and it is more difficult for those with complex, fluctuating earnings

27 May 2022

Tax | Energy profits levy set to raise £5bn

Following calls for a windfall tax on oil and gas companies, the Chancellor has announced a 25% energy profits levy, set to raise £5bn in year one, effective from today

26 May 2022

Tax | HMRC fraud team targets mini umbrella companies

HMRC is ramping up its activity against mini umbrella companies using both its civil and criminal powers to challenge use and curb abuse

26 May 2022

Tax

HMRC

Tax Compliance

Image for more disclosures required ct600 company tax returns

Tax | More disclosures required on CT600 company tax returns

Even the most diligent taxpayers and advisers may have missed the recent update to HMRC’s guidance on how to complete a CT600 company tax return, warns Hannah Lloyd, corporate tax partner, RSM

25 May 2022

Tax

Business Tax

Tax Compliance

Image for qa can employer pay tax free retirement bonus

Tax | Q&A: can employer pay a tax-free retirement bonus?

In this week’s Q&A, Croner Taxwise payroll adviser Sue Walker, considers the tax implications for a retirement bonus and any tax-free options

24 May 2022

Tax | Economic Crime Act – compliance tips for accountants

Bryan Shacklady, Counsel, and Joe May, trainee solicitor, at Forsters LLP examine what accountants need to consider if their clients are affected by the Economic Crime Act and how the new legislation will work

23 May 2022

Tax

Tax Compliance

Image for hmrc ends p11d submissions pdf

Tax | HMRC ends P11D submissions by PDF

HMRC has confirmed that it has decommissioned the non-digital end of year expenses and benefits service for small businesses, withdrawing the interactive PDF

18 May 2022

Tax | DIY Housebuilder Scheme claim process clarified

HMRC has issued a brief clarifying its position on making a claim under the DIY Housebuilders Scheme, following the First Tier Tribunal’s decision in the case of Andrew Ellis and Jane Bromley

17 May 2022

Tax | Q&A: holdover relief when incorporation relief not available

In this week’s Q&A from Croner Taxwise, we consider the tax rules applicable when a business owner wants to incorporate a property into another business

17 May 2022

Tax

Business Tax

Tax Compliance

Image for j5 works banks tackle tax fraud

Tax | J5 works with banks to tackle tax fraud

An alliance dedicated to tackling global financial crime and tax fraud must continue its efforts to defeat tax cheats, financial secretary to the Treasury, Lucy Frazer QC told an enforcement summit

16 May 2022

Tax

International Tax

Tax Compliance

Image for hmrc clarifies points based vat penalty framework

Tax | HMRC clarifies points-based VAT penalty framework

HMRC has issued guidance setting out the changes to VAT penalties and interest charges that will apply to everyone who submits a VAT return from 1 January 2023

11 May 2022

Tax | Understanding BADR dilution protection elections

Croner-i tax experts examine the rules when using business asset disposal relief (BADR) and the importance of maintaining adequate share holdings to protect tax relief

11 May 2022

Tax | Q&A: super deduction and pre-trading expenditure

In this week’s Q&A, Croner Taxwise tax adviser Tom Butt, considers whether there are limits on the type of plant and machinery investments eligible for the super-deduction tax relief

10 May 2022

Tax | Almost 32,000 reclaims for overpaid inheritance tax

Families in the UK have made nearly 32,000 reclaims for overpaid inheritance tax in the past six years, figures obtained by financial advisers NFU Mutual reveal

10 May 2022

Tax

Personal Tax

Tax Compliance

Image for settlement directors loan was contrived

Tax | Settlement of director’s loan was ‘contrived’

The GAAR advisory panel has ruled that a scheme involving the creation and sale of pension obligations to settle a director’s loan breaks the tax rules

10 May 2022

Tax

Personal Tax

Tax Compliance

Image for hmrc raises interest rates late tax

Tax | HMRC raises interest rates on late tax

Following the increase in the Bank of England base rate to 1% last week, HMRC has confirmed that it will raise interest rates on late tax bills by 0.25%

9 May 2022

Tax

HMRC

Tax Compliance

Navigate

Tax Services

Latest news

Tax | High income child benefit charge catches out taxpayers

Tax | Energy profits levy set to raise £5bn

Tax | HMRC fraud team targets mini umbrella companies

Tax | More disclosures required on CT600 company tax returns

Tax | Q&A: can employer pay a tax-free retirement bonus?

Tax | Economic Crime Act – compliance tips for accountants

Tax | HMRC ends P11D submissions by PDF

Tax | DIY Housebuilder Scheme claim process clarified

Tax | Q&A: holdover relief when incorporation relief not available

Tax | J5 works with banks to tackle tax fraud

Tax | HMRC clarifies points-based VAT penalty framework

Tax | Understanding BADR dilution protection elections

Tax | Q&A: super deduction and pre-trading expenditure

Tax | Almost 32,000 reclaims for overpaid inheritance tax

Tax | Settlement of director’s loan was ‘contrived’

Tax | HMRC raises interest rates on late tax