Tax Compliance

Latest news

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Tax | IHT liability and gifts for the maintenance of family

Tax expert Meg Saksida FCA, CTA, TEP, considers the inheritance tax rules when making gifts for the maintenance of family, including exemptions and threshold limits

9 Mar 2022

Tax

Tax Compliance

Tax Planning

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Tax | Nearly half of tax investigations dropped by HMRC

HMRC investigations into individuals and small businesses last year yielded no returns in 47% of all cases, finds research by UHY Hacker Young

8 Mar 2022

Tax

HMRC

Tax Compliance

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Tax | Q&A: private residence relief for a trust

In this week’s Q&A series, Kiya Jacobs, tax advice consultant at Croner Taxwise, explains whether principal private residence relief (PRR) is available when a property is held in trust and capital gains tax liability

8 Mar 2022

Tax | More than 80% of impacted businesses unaware of MTD changes

With just one month to go until the rollout of the Making Tax Digital (MTD) for VAT extension, 82% of eligible businesses that are yet to comply are still unaware of the impending deadline

4 Mar 2022

Tax | VAT group registration rules clarified

HMRC has issued guidance about how businesses should file their VAT returns while waiting for a decision on a VAT grouping application

3 Mar 2022

Tax | HMRC to end payments via Post Office accounts

HMRC is reminding about 7,500 tax credits, child benefit and guardian’s allowance customers they have just one month left to switch their Post Office card account

3 Mar 2022

Tax | HMRC to accept bulk appeals for late tax returns due to Covid-19

Tax agents and accountants will be able to send bulk appeals against late filing penalties for tax returns filed after 28 February due to Covid-19, HMRC has confirmed

2 Mar 2022

Tax | Filing deadlines: March-May 2022

In our handy guide to tax filing deadlines, we provide an at-a-glance guide to key dates for PAYE cheque payments, corporation tax instalments, and Making Tax Digital (MTD)

2 Mar 2022

Tax | Q&A: postponed VAT accounting system for imports

In this week’s Q&A, Croner Taxwise VAT adviser Rachel Clarke, explains the pros and cons of using the postponed VAT accounting system when importing goods

1 Mar 2022

Tax

VAT

Tax Compliance

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Tax | Use of unexplained wealth orders needs to be ramped up

HMRC is likely to use unexplained wealth orders to address money laundering concerns in the UK by Russian oligarchs

28 Feb 2022

Tax | Transferring unused basic threshold for inheritance tax

HMRC has issued guidance on the rules for transferring the basic tax-free allowance, known as the nil rate band, to a surviving spouse or civil partner

28 Feb 2022

Tax | HMRC advisory fuel rates for company car users from 1 March

HMRC has published the latest advisory fuel rates (AFR) for company car users, effective from 1 March 2022, keeping rates unchanged despite huge hikes in the cost of fuel at forecourts

23 Feb 2022

Tax | Business property relief and investments

When making a claim for business property relief, it is important to ensure that it is related to business activity and not pure investment. Stephanie Webber, tax writer at Croner-i, examines the tax compliance issues

23 Feb 2022

Tax | Q&A: tax liability and high income child benefit charge (HICBC)

In this week’s Q&A, Croner Taxwise adviser Vivienne Cheung, explains the tax implications of the high income child benefit charge for anyone earning over £50,000 if they do not live with their partner

22 Feb 2022

Tax

Personal Tax

Tax Compliance

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Tax | FSB and TUC call on Chancellor to change sick pay rules

Frances O’Grady and Martin McTague have sent a joint letter to the Chancellor demanding action on sick pay and support for employers as annual cost to small firms nears £5bn

21 Feb 2022

Tax

Employment Tax

Tax Compliance

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Tax | The finer details of director’s loan accounts

Tax compliance is an important consideration when considering the use of director’s loans. Chris Wilkins FCCA, founder of Wilkins Southworth, considers the potential pitfalls

21 Feb 2022

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Tax Services

Latest news

Tax | IHT liability and gifts for the maintenance of family

Tax | Nearly half of tax investigations dropped by HMRC

Tax | Q&A: private residence relief for a trust

Tax | More than 80% of impacted businesses unaware of MTD changes

Tax | VAT group registration rules clarified

Tax | HMRC to end payments via Post Office accounts

Tax | HMRC to accept bulk appeals for late tax returns due to Covid-19

Tax | Filing deadlines: March-May 2022

Tax | Q&A: postponed VAT accounting system for imports

Tax | Use of unexplained wealth orders needs to be ramped up

Tax | Transferring unused basic threshold for inheritance tax

Tax | HMRC advisory fuel rates for company car users from 1 March

Tax | Business property relief and investments

Tax | Q&A: tax liability and high income child benefit charge (HICBC)

Tax | FSB and TUC call on Chancellor to change sick pay rules

Tax | The finer details of director’s loan accounts