Tax | Class 2 NICs calculation problem not resolved

An issue with employee Class 2 NICs calculations is still causing headaches for self employed taxpayers and HMRC is still trying to sort it out

2 Jun 2025

Tax

Personal Tax

HMRC

Tax Compliance

Tax | HMRC advisory fuel rates for company car users from 1 June 2025

Advisory fuel rates for company car users have been cut for some petrol and diesel vehicles, electric rates unchanged

28 May 2025

Tax

Business Tax

Employment Tax

HMRC

Tax Compliance

Tax | Suspected money launderers lose £900k tax appeal

A married couple the National Crime Agency suspected of attaining money through criminal activities have lost an appeal at Upper Tribunal as FTT was entitled to find there was a loss of tax

28 May 2025

Tax

HMRC

Tax Compliance

Case Reports

Tax | IRS warns on filing deadline for overseas US taxpayers

The US Internal Revenue Service (IRS) has issued a deadline reminder to taxpayers living and working outside the US to file a 2024 federal income tax return by mid June

27 May 2025

Tax

Personal Tax

International Tax

Tax Compliance

Tax | Q&A: MTD for Income Tax reporting requirements and thresholds

In this week’s Q&A, Ewan Edwards, VIP tax adviser at Croner-i, explains the reporting obligations for taxpayers required to report under Making Tax Digital (MTD) for Income Tax from 2026

27 May 2025

Tax

Making Tax Digital

Personal Tax

HMRC

Tax Compliance

Tax | HMRC loses share valuation dispute as ‘ignored circumstances’

Neil Tipping, lead tax enquiry consultant at VIP Tax Team, explains how Croner-i resolved a long-running valuation case between HMRC and four shareholders over the sale of their business to their sons

22 May 2025

Tax

Business Tax

HMRC

Tax Compliance

Case Reports

Tax | Brummie restaurateur wins £1.4m tax case despite ‘chaotic record keeping’

The owner of a number of restaurants in Birmingham was not suppressing sales or deliberately filing wrongly as HMRC’s ‘decision was not based on evidence’

22 May 2025

Tax

VAT

HMRC

Tax Compliance

Case Reports

Tax | Businesses given more time to file return at VAT deregistration

A minor tweak to tax rules will see a relaxation of the deadline for final VAT returns when a business deregisters from VAT in event of HMRC processing delays

22 May 2025

Tax

VAT

Tax Compliance

Law and Regulation

Tax | Tax pros and cons of family investment companies

Many business owners are considering making gifts during their lifetime, rather than through their will due to changes to business property relief, but does this make tax sense, asks Chris Etherington, partner at RSM

21 May 2025

Tax

Inheritance Tax

Tax Compliance

Tax Planning

Tax | Company cars, tax and benefit in kind

Chris Thorpe ATT CTA explains the key tax issues to consider when allowing employees to use their company cars and vans for private use from NI to benefits in kind charges

21 May 2025

Tax

Employment Tax

Personal Tax

Tax Compliance

Law and Regulation

Tax | Chancellor backs off plan to slash £20k ISA limit

Savers can breathe a temporary sigh of relief as chancellor ditches plan to cut ISA tax-free limit but could see allowance split between shares and cash

20 May 2025

Tax

Personal Tax

Tax Compliance

Tax Planning

Politics

Tax | Inheritance tax: what happens to trusts after farm tax overhaul

Trusts are in HMRC’s firing line as part of the swingeing cuts to agricultural property relief, but is it possible to mitigate against this, ask Katie Martin and Louise Garrett of Hunters

20 May 2025

Tax

Inheritance Tax

Tax Compliance

Tax Planning

Tax | Q&A: statutory sick pay and calculating working days

In this week’s Q&A, Sue Walker, payroll adviser at croner-i My VIP Tax Team, explains interaction of statutory sick pay (SSP), intermittent days and the period of incapacity for work

20 May 2025

Tax

Employment Tax

Tax Compliance

HR

Work

Tax | HMRC collects £5.2bn from wealthiest tax avoiders

The National Audit Office warns that HMRC estimates of the size of the wealthy individuals’ tax gap ‘does not capture full scale of non-compliance’ while one in four do not have an accountant

19 May 2025

Tax

Personal Tax

HMRC

Tax Compliance

Tax | Travelling musicians could be charged €25k penalty

British musicians heading to Germany to perform at the Dresden Music Festival must apply for all of the tax exemptions on offer or face harsh penalties

16 May 2025

Tax

Employment Tax

Personal Tax

International Tax

Tax Compliance