Tax | Taxpayer who owed no tax wins £1.7k penalty appeal

The First Tier Tribunal concluded a taxpayer had a reasonable excuse to miss filing a tax return as she owed no tax and HMRC emails went straight to her junk 

15 May 2025

Tax

Personal Tax

HMRC

Tax Compliance

Case Reports

Tax | Plan to regulate tax advisors ‘too draconian’ says ICAEW

HMRC’s consultation on closing in on promoters of tax avoidance has been described as having ‘poorly targeted proposals’ by ICAEW and risks damaging trust in the tax system further

14 May 2025

Tax

HMRC

Tax Compliance

Tax | HMRC raided 12 properties per week in 2024

648 dawn raids were completed by HMRC in 2024 as it steps up its pursuit of tax evaders to close the ever-growing tax gap

14 May 2025

Tax

HMRC

Tax Compliance

Tax | Care providers warned not to use VAT avoidance scheme

HMRC is clamping down on care service providers using VAT grouping to recover VAT on costs in residential care, viewed as tax avoidance

13 May 2025

Tax

VAT

HMRC

Tax Compliance

Tax | Q&A: car or van for tax purposes

In this week’s Q&A, Teddy Rawlings ATT, tax adviser at Croner-i VIP Tax Team, explains the benefits in kind and capital allowance rules and how to identify tax position for various vehicle styles

13 May 2025

Tax

Business Tax

Tax Compliance

Tax | Should business owners sell their company before April 2026?

Upcoming changes to business asset disposal relief rates for capital gains tax purposes mean it makes tax sense to sell up before April 2026, argues Simon Daniels, sales director at KBS Corporate

12 May 2025

Tax

Business Tax

Personal Tax

Tax Compliance

Tax Planning

Tax | HMRC cuts late payment interest rate to 8.25%

Following 0.25% cut in the base rate last week, HMRC will reduce late payment and repayment interest rates from 28 May

12 May 2025

Tax

HMRC

Tax Compliance

Tax | Credit Suisse fined $510m for HNWI tax evasion

Swiss banking giant Credit Suisse has been fined $510m by US authorities after hiding assets and income in offshore accounts to help clients evade tax

9 May 2025

Tax

Personal Tax

Tax Compliance

Case Reports

Tax | UTR numbers no longer available by phone, says HMRC

HMRC has stopped giving taxpayers their unique taxpayer reference numbers over the phone, saying they will only be available via online accounts or post

8 May 2025

Tax

Business Tax

Personal Tax

HMRC

Tax Compliance

Tax | Webinar on navigating HMRC enquiries

Sign up for our webinar on Tuesday 13 May at 2pm focusing on HMRC enquiries, delays and resolution options

8 May 2025

Tax

HMRC

Tax Compliance

Training & CPD

Tax | Inheritance tax and lifetime gifts

A common strategy to minimise inheritance tax is for an individual to gift assets from their estate prior to their death, but you need to be aware of complex exemptions, explains Rickie Lowery ATT CTA, tax adviser at Croner-i

7 May 2025

Tax

Personal Tax

Inheritance Tax

Tax Compliance

Tax Planning

Tax | Changes to IR35 CEST tool ‘cosmetic’

For the first time in over four years, HMRC has updated the CEST tool for IR35 workers but critics say the changes are just ‘cosmetic’

7 May 2025

Tax

Employment Tax

Personal Tax

HMRC

Tax Compliance

Tax | HMRC hikes late payment interest rate to 8.5%

HMRC updates guidance to reflect 1.5% increase in the late payment interest percentage to 8.5% now in force

6 May 2025

Tax

HMRC

Tax Compliance

Tax | Q&A: land sale and CGT liability

In this week’s Q&A, Croner-i tax advisor consultant Amaira Badat CTA explains the timing issues when deciding applicable timing for capital gains tax (CGT)

6 May 2025

Tax

Personal Tax

Property Tax

Tax Compliance

Tax | HMRC systems are a ‘lumbering dinosaur’

MPs on the influential Treasury Committee criticise HMRC for failure to update legacy IT systems and no fixed plan for when the work will be completed, putting productivity and service levels at risk

2 May 2025

Tax

Making Tax Digital

HMRC

Tax Compliance

Technology