The General Anti-Abuse Rule (GAAR) advisory panel has outlawed a disguised remuneration scheme involving employee rewards linked to a second-hand bond, labelling it as abusive tax avoidance
Taxpayers in Scotland pay a disproportionate share of sin taxes in the UK, paying 13.4% of spirits duties and 11.4% of tobacco duties last year, equivalent to £229 for every adult
The introduction of a cap on research and development (R&D) tax relief at three times the total of the companyʼs PAYE and NICs liability for that year is set to come into force in 2020 and could hit companies with a high R&D spend and low staff costs, despite protective measures, explains Stephen Relf ACA CTA
In our regular Q&A series, Croner Taxwise consultant Steven Jones warns divorcing couples to consider the capital gains tax (CGT) implications when a residential property is transferred to one partner in the event of divorce in a no gain, no loss situation under section 58 of TCGA 1992
In part four of a series on childcare tax issues, Julie Clift CTA, specialist tax writer at Croner-i, examines how the government’s 30-hours free childcare scheme works and the various tax compliance issues
Concerted action to target Brits living offshore who are not up to date with their taxes has nearly doubled the tax yield in two years as HMRC takes advantage of new powers to identify and collect untaxed offshore assets
HMRC has sent out the wrong details of capital gains tax (CGT) allowance to thousands of taxpayers who reported CGT on their annual self assessment forms
As the summer holidays loom, HMRC is reminding working parents that they can apply for tax-free childcare worth up to £2,000 per child per year to pay towards regulated holiday clubs during the school holidays
HMRC is coming under fire from MPs over long waiting times for businesses trying to get through to Making Tax Digital for VAT helplines and a cavalier attitude to dealing with calls with taxpayers cut off if they wait longer than 10 minutes, reports Sara White
In the first year of operation, Wales has collected over £200m from property taxes through a new land transaction tax, the equivalent of stamp duty land tax in England, with average payments under £3,000
The key HMRC filing deadlines from July to December 2019 including deadline to agree PAYE settlement agreement contracts and taxed award scheme contracts with HMRC, deadline for reporting termination payment details for prior tax year to HMRC and employees, if total value exceeds £30,000, P60 payroll reporting and confirmation statements for 2018/19
Businesses reporting under CIS and VAT registered will have to pay VAT directly to HMRC instead of to the supplier when paying invoices for services provided across the construction and building sector when the reverse charge comes into force this autumn
Nearly 400 overseas based buy-to-let landlords have disclosed unpaid tax on rental income to HMRC in the last year as the tax authorities intensifies its campaign to net offshore landlords hiding income
When claiming entrepreneurs' relief on disposal of shares it is important to ensure that the definition of personal company falls within HMRC's parameters. Stephanie Webber ACA CTA, tax writer at Croner-i, explains
Property sellers are confused about the introduction of a new 30-day payment deadline for settling capital gains tax (CGT) on second and inherited property sales, with complaints about the overly complex guidance and dearth of communications from HMRC. Sara White reports