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Tax | Case: not proportionate to strike out appeals

A First Tier Tribunal decided to not strike out three appeals against personal liability notices, for failing to provide documents, as it was not proportionate and there was too much at stake

8 Jan 2018

Tax | Non-resident capital gains tax and penalties for late returns

Stephen Relf CTA ACA considers the penalty structure for the new rules on the charge to capital gains tax on residential property which is now extended to non-UK residents and requires a 30-day filing requirement, especially since HMRC lost the McGreevy case

8 Jan 2018

Tax | Returning to the UK - tax charges on overseas property sale

Complex tax rules surround residency so anyone looking to return to the UK after a period abroad needs to make sure they avoid any unexpected UK tax bills if they sell property prior to their return to the UK. Gill Tallon CTA, deputy managing partner at Mercer & Hole, considers the tax issues facing a returning couple with properties to sell

8 Jan 2018

Tax | IT glitch at HMRC forces delays as self assessment returns rejected

HMRC is still trying to rectify problems with the self assessment tax return online service for taxpayers attempting to use Verify to access online services

5 Jan 2018

Tax | MPs to grill HMRC over online tax-free childcare IT difficulties

HMRC officials are set to be grilled by MPs over the operation of the new childcare service website, which has been heavily criticised by parents over difficulties in logging on since its launch last year, as part of a Treasury committee inquiry into childcare policy and its influence on the economy

5 Jan 2018

Tax | Top mistakes people make when completing their tax returns

Every year, with new tax rules and new ways of earning money, people make classic mistakes when filling in their personal tax return in the rush for the 31 January 2018 self assessment deadline. Jonathan Amponsah CTA FCCA, founder of The Tax Guys guides taxpayers through potential pitfalls

5 Jan 2018

Tax | HMRC issues tax planning standard for agents and accountants

HMRC has updated its tax standard for agents and accountants to include requirements for providing advice on tax planning, stressing that individuals must not promote artificial tax planning arrangements that exploit gaps in legislation

4 Jan 2018

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Tax | Case: penalty for failure to settle accelerated payment upheld

A First Tier Tribunal (FTT) dismissed a taxpayer’s appeal against an accelerated payment penalty from HMRC, arguing that there were no special circumstances which allowed a reduction

4 Jan 2018

Tax | HMRC denies tax attack on Leave EU donors

HMRC has been forced to issue a rebuttal over media suggestions that individuals who gave money to the ‘Leave’ campaign in the run-up to the referendum on the UK’s membership of the EU are now being subjected to unfair tax treatment on their donations to a political cause

3 Jan 2018

Tax | IRS sets out rules for computing transition tax

The US Treasury Department and the Internal Revenue Service (IRSH) has issued guidance for computing the transition tax following the enactment of the Tax Cuts and Jobs Act, ushering in major US tax reform

3 Jan 2018

Tax | Case: HMRC’s amendment of limited partners’ individual tax returns was lawful

The Supreme Court ruled, in the landmark De Silva case, that HMRC’s amendment of the taxpayers’ individual tax returns was lawful after partnership losses were stated at much reduced levels in a partnership settlement agreement

3 Jan 2018

Tax | Guidance on postponing disguised remuneration loan charge

HMRC has published detailed guidance on how to apply to postpone the loan charge for outstanding disguised remuneration loan schemes, which is due to come into effect on 5 April 2019

2 Jan 2018

Tax | Tax updates: January 2018

This month's review of tax cases and tax news including HMRC’s amendment of limited partners’ individual tax returns was lawful in De Silva case, penalty for failure to settle accelerated payment upheld, EU names 17 countries on first tax havens blacklist

2 Jan 2018

Tax | Employment tax updates: January 2018

Jackie Hall ACA CTA, partner at RSM on HMRC's tax-free childcare scheme being delayed, NMW and NLW rates set to rise from April, off-payroll working in private sector

2 Jan 2018

Tax | Tax planning around pure farming profit

With the continuing uncertainty in the farming industry, the profit goal becomes more of a problem and there are inevitably complex tax issues to consider. Julie Butler FCA, managing partner at Butler & Co Chartered Accountants, examines some of the more complex tax planning issues from the six-year rule to rental income and loan interest

29 Dec 2017

Tax | Zero rating to exemptions – what you need to know about VAT

VAT expert Neil Warren examines the VAT minefield from zero rating to exemptions, to outside the scope, highlighting the complexity of the current VAT rules for businesses and illustrates various VAT treatments using practical examples

28 Dec 2017

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Latest news

Tax | Case: not proportionate to strike out appeals

Tax | Non-resident capital gains tax and penalties for late returns

Tax | Returning to the UK - tax charges on overseas property sale

Tax | IT glitch at HMRC forces delays as self assessment returns rejected

Tax | MPs to grill HMRC over online tax-free childcare IT difficulties

Tax | Top mistakes people make when completing their tax returns

Tax | HMRC issues tax planning standard for agents and accountants

Tax | Case: penalty for failure to settle accelerated payment upheld

Tax | HMRC denies tax attack on Leave EU donors

Tax | IRS sets out rules for computing transition tax

Tax | Case: HMRC’s amendment of limited partners’ individual tax returns was lawful

Tax | Guidance on postponing disguised remuneration loan charge

Tax | Tax updates: January 2018

Tax | Employment tax updates: January 2018

Tax | Tax planning around pure farming profit

Tax | Zero rating to exemptions – what you need to know about VAT