Tax | Private school VAT raises question about rate on meals

With the removal of the VAT exemption for private schools, finance teams are facing operational challenges with confusion on charges on meals and vocational income, warns Audrey Fearing, partner at RSM

10 Jan 2025

Tax

VAT

Tax Compliance

Tax | Register for bitesize webinars on tips for tax returns

The looming 31 January tax return deadline marks one of the busiest periods for accountants and tax advisors so don’t miss our handy bitesize webinars to help you through the tax season

9 Jan 2025

Tax

Personal Tax

Tax Compliance

Tax | HMRC charges interest when no tax is due

The Chartered Institute of Taxation (CIOT) is lobbying the government to address unfair tax rules as HMRC interest rates on late payments rise

8 Jan 2025

Tax

VAT

HMRC

Tax Compliance

Tax | How to avoid pitfalls when completing a tax return

With only three weeks until the deadline for self assessment tax returns, Cheryl Sharp FCCA, CEO at Pink Pig Financial gives her top tips on how to make the process as stress free as possible

8 Jan 2025

Tax

Personal Tax

Property Tax

HMRC

Tax Compliance

Tax Planning

Tax | Q&A: stamp duty on buy to let property transfers

In this week’s Q&A, Croner-i tax adviser Eleanor Bradshaw explains the tax implications of interspousal transfers of buy to let properties

7 Jan 2025

Tax

Property Tax

Tax Compliance

Tax Planning

Tax | Tax filing deadlines: Jan to Mar 2025

Deadline for filing self assessment tax returns for 2023–24 and CT61 returns for Q4 2024

6 Jan 2025

Tax

Business Tax

Personal Tax

Tax Compliance

Tax | Russian hedge fund manager loses £500k SDLT battle

A London building was bought for £5.75m in 2021 by Andrei Tretyakov which he contended was not fully residential at the time of purchase, despite having a wine cellar and sauna in the commercial area

6 Jan 2025

Tax

Property Tax

HMRC

Tax Compliance

Case Reports

Tax | HMRC launches R&D tax disclosure service

HMRC has set up a special R&D disclosure scheme for companies which have made excessive claims and are out of time to amend corpation tax returns

3 Jan 2025

Tax

Business Tax

HMRC

Tax Compliance

Tax | 1k spike in individuals revealing offshore income

HMRC nudge letters convinced 22% more people to come forward with their offshore assets in 2024

2 Jan 2025

Tax

Personal Tax

International Tax

HMRC

Tax Compliance

Tax | Tax return tips for early filers

With less than 40 days until the self assessment deadline on Friday 31 January, here are some tips for early filers working on their tax returns

24 Dec 2024

Tax

Personal Tax

Tax Compliance

Tax Planning

Tax | HMRC catches up with Spice Garden over £250k tax bill

The owner of an Indian restaurant has been slapped with a bill for over £250,000 after HMRC officers witnessed staff hiding cash under the till

24 Dec 2024

Tax

Business Tax

VAT

HMRC

Tax Compliance

Case Reports

Tax | Home owners claim £170m in rent a room tax relief

Over 1.8 million UK adults rent out furnished rooms in their home allowing them to qualify for up to £7,500 in tax free income under the rent a room scheme

20 Dec 2024

Tax

Property Tax

Tax Compliance

Tax | UK businesses using tax havens plummets by 43%

The number of UK businesses using tax havens in the Caribbean and closer to home has halved as HMRC gets access to more data on whether they are genuinely operating

18 Dec 2024

Tax

Business Tax

International Tax

HMRC

Tax Compliance

Tax | Managing VAT: in-house, hybrid or outsourced

With an increasingly complex indirect tax landscape, deciding what is the right mix of in-house, hybrid and external resources is critical to ensure compliance, says Peter Boerhof, senior director, VAT at Vertex

18 Dec 2024

Tax

VAT

Tax Compliance

Tax | Q&A: tax, disposals and furnished holiday lets

In this week’s Q&A, we explain the tax interaction between business asset disposal relief (BADR) and furnished holiday lettings when converting to a property business

17 Dec 2024

Tax

Property Tax

Tax Compliance