Tax Compliance

Latest news

Image for iht pension pots could delay probate and raise costs

Tax | IHT on pension pots could delay probate and raise costs

Plans to charge inheritance tax on unused pension pots could lead to delayed probate agreements and higher costs for 50,000 families a year

7 Feb 2025

Business | Croner-i and KPMG UK sign alliance on tax content driven by AI

Croner-i has announced an alliance agreement with KPMG UK to integrate Croner-i’s tax content into KPMG’s information services, driven by highly intuitive AI and search functionality

6 Feb 2025

Tax | Enquiry spotlight: HMRC and the intricacies of R&D tax

Rocky Webb CTA, HMRC enquiries consultant at Croner-i, helps an SME save a £232,000 R&D tax relief claim rejected by HMRC

6 Feb 2025

Tax | Q&A: non doms and remittance basis issue

In this week’s Q&A, Croner-i’s Manpreet Sahota explains the tax implications for a non-dom wishing to bring funds into the UK for a one-off present for a child

4 Feb 2025

Tax | 1.1m taxpayers missed tax return deadline

Over a million people face an automatic £100 fine for failing to file their tax returns on time while just over 300,000 still used old school paper returns

4 Feb 2025

Tax | Loan charge: sorry episode needs to be resolved

Glyn Fullelove, editor-in-chief of Croner-i Tax Weekly, says the focus on removing the barriers to resolving outstanding tax liabilities is the right one in the McCann review, but warns the loan charge is a disproportionate tool

4 Feb 2025

Tax | Barclays IT outage hits taxpayers on deadline day

The IT meltdown at Barclays for three days came as taxpayers were rushing to pay their year end tax bills, with inheritance tax and corporation tax bills also due

3 Feb 2025

Tax | Tax filing deadlines: Feb to Jul 2025

Essential tax deadlines at a glance including deferment of payment of Class 1 NICs

3 Feb 2025

Tax | Mailbox to contact McCann loan charge review launched

Taxpayers affected by the loan charge can now submit confidential comments and evidence to a dedicated email address set up by review chair Ray McCann

3 Feb 2025

Tax | Late tax returns face 7.5% interest rate on overdue tax

This is the last call for a couple of million taxpayers to file their annual self assessment tax returns by tonight’s deadline or be slapped with an automatic £100 fine and late payment interest

31 Jan 2025

Tax | Wine retailers sound alarm as alcohol duty bites

Beer prices may be down a meagre 1p a pint, but wines prices will rise by up to 42p a bottle when complex new tax bands for wine come into force from 1 February, warns Alex Baulf, head of global indirect tax at Avalara

31 Jan 2025

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Tax Compliance

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Tax | Small employers relief for statutory pay hiked to 8.5%

HMRC will increase small employers’ relief rate of compensation for statutory payments like sick pay to 8.5% from new tax year

30 Jan 2025

Tax | What does umbrella company clampdown mean for recruitment firms?

Olivia Spruce, director of the Payroll Compliance Authority, examines how HMRC plans to deal with non compliance in the umbrella market will affect third parties due to new due diligence requirements

30 Jan 2025

Tax | Abramovich caught up in superyacht tax avoidance

An investigation by the Bureau of Investigative Journalism suggests that former owner of Chelsea FC, Roman Abramovich, used his superyachts to avoid tax

29 Jan 2025

Tax

Tax Compliance

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Tax | Where next for Making Tax Digital in 2025?

Accountants, landlords and the self employed need to prepare for revolutionary new HMRC quarterly tax reporting requirements under extension of Making Tax Digital to income tax, explains Simon Read

29 Jan 2025

Tax | Acceptable excuses for a late tax return

HMRC could rake in up to £100m from taxpayers failing to submit their tax returns by this Friday, but there are some valid excuses for a late submission, says Chris Etherington

29 Jan 2025

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Latest news

Tax | IHT on pension pots could delay probate and raise costs

Business | Croner-i and KPMG UK sign alliance on tax content driven by AI

Tax | Enquiry spotlight: HMRC and the intricacies of R&D tax

Tax | Q&A: non doms and remittance basis issue

Tax | 1.1m taxpayers missed tax return deadline

Tax | Loan charge: sorry episode needs to be resolved

Tax | Barclays IT outage hits taxpayers on deadline day

Tax | Tax filing deadlines: Feb to Jul 2025

Tax | Mailbox to contact McCann loan charge review launched

Tax | Late tax returns face 7.5% interest rate on overdue tax

Tax | Wine retailers sound alarm as alcohol duty bites

Tax | Small employers relief for statutory pay hiked to 8.5%

Tax | What does umbrella company clampdown mean for recruitment firms?

Tax | Abramovich caught up in superyacht tax avoidance

Tax | Where next for Making Tax Digital in 2025?

Tax | Acceptable excuses for a late tax return