Tax Compliance

Latest news

Image for paying salaries prioritised over terrifying tax debt

Tax | Paying salaries prioritised over ‘terrifying’ tax debt

Tax debts were not seen as a priority when balanced against maintaining cash flow and paying staff during the pandemic, according to research into HMRC debt collection

6 May 2022

Tax | J5 tax authorities warn on risk of NFTs

The Joint Chiefs of Global Tax Enforcement (J5) has released an intelligence bulletin, warning banks, law enforcement personnel and private citizens of some of the dangers when dealing with non-fungible tokens (NFTs)

5 May 2022

Tax | VAT and private tuition: what you need to know

Understanding the nuances of VAT liability on charges for private tuition lessons is far from straightforward. Tim Palmer CTA ATT explains

27 Apr 2022

Tax

VAT

Tax Compliance

Image for big businesses overclaim ps725m rd tax relief

Tax | Big businesses overclaim £725m in R&D tax relief

There are indications that the UK’s largest companies are making claims for excessive amounts of research and development (R&D) tax relief worth up to £725m a year

21 Apr 2022

Tax

Business Tax

Tax Compliance

Image for hmrc clarifies rules fulfilment houses

Tax | HMRC clarifies rules on fulfilment houses

HMRC has updated the guidance on the fulfilment house due diligence scheme approval to clarify that if a business is sold the new owners must reapply for certification

21 Apr 2022

Tax | Home working tax relief warning

Employees who have been claiming home office tax relief during the pandemic should review their tax codes to check whether HMRC has included the relief in their notice of coding

19 Apr 2022

Tax | Q&A: property sales, tax and overseas owners

In this week’s Q&A, Croner Taxwise apprentice tax advisor Stuart Farmer, explains the tax implications of selling a property in the UK when resident overseas

19 Apr 2022

Tax | Tax planning for ‘mixed domicile’ marriages

Opting for non-dom status brings tax advantages but what are the implications for mixed domicile marriages where one partner is liable for UK tax? Mark Davies, partner at Mark Davies & Associates, looks at the options

19 Apr 2022

Tax | Classifying van usage for P11D forms

HMRC has issued a reminder to company van operators to make sure their van fleets are correctly classified for benefit in kind purposes when completing P11D forms

14 Apr 2022

Tax | HMRC offers settlement for remuneration trust holders

HMRC has opened up a four-month settlement window for taxpayers who have used remuneration trusts to avoid tax, to resolve their tax bils

12 Apr 2022

Tax | MSC survivors group set up to help contractors

ContractorCalculator and tax specialist David Kirk & Co have set up the Managed Service Company (MSC) Survivors Group to help contractors affected by HMRC's latest investigation into their use

8 Apr 2022

Tax | Tax compliance and related property rules

Whether a taxpayer is making a lifetime transfer or an item is in their death estate, the related property rules must be considered and there are potential tax traps, warns Meg Saksida

6 Apr 2022

Tax | Q&A: tax and pension contributions

In this week’s Q&A, Croner Taxwise VIP advisor, Elaine Wood, considers the tax implications of personal contributions, claiming relief, and the lifetime and annual allowance charges

5 Apr 2022

Tax

Personal Tax

Tax Compliance

Image for new tax year how it affects your personal finances

Tax | New tax year: how it affects your personal finances

The new tax year starts on 6 April with a number of tax changes that will affect personal finances. As the 2021-22 tax year draws to a close, Stevie Heafford, tax partner at HW Fisher outlines the 10 key changes

5 Apr 2022

Tax | 142k use time to pay to settle tax bills

More than 142,000 taxpayers have used HMRC’s online time to pay facility to spread the cost of their self assessment tax bill since April 2021

4 Apr 2022

Tax | HMRC changes 64-8 authorisation form for tax agents

HMRC has confirmed that from 31 March 2022, new clients will need to use a revised version of form 64-8 to give authorisation for accountants or tax agents to deal directly with the tax authority

30 Mar 2022