Tax Compliance

Latest news

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Tax | Bernie Ecclestone’s lawyer owes £4m to HMRC

The former solicitor to Bernie Ecclestone failed to pay tax on almost £40m of income on the latest HMRC’s deliberate tax defaulters which features a record £52m of unpaid tax and penalties

13 Dec 2024

Tax

HMRC

Tax Compliance

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Tax | Webinar on Twelve Days of Festive Finance tips

13 Dec 2024

Tax | Crypto investments, gains and tax liability

With the hype in crypto and gains of many multiples on investments, reporting on tax returns is vital to avoid a run-in with HMRC, explains Danielle Ford, partner and head of tax disputes and resolutions at HaysMac

11 Dec 2024

Tax | HMRC clarifies VAT penalties when payment 31 days late

HMRC has updated the guidance about how to settle VAT payments which are overdue by 31 days or more when penalties come into play

10 Dec 2024

Tax | HMRC clarifies complex marriage allowance SA process

Anyone who claims marriage allowance must follow a complicated process related to timing of filings when including the information on their self assessment tax returns

5 Dec 2024

Tax | Public CbC reporting will curb use of tax havens

As multinationals are required to disclose a full breakdown of taxes paid under public country-by-country reporting rules, the use of tax havens and profit shifting will be curbed, explains Greg Yates, senior ratings manager, Fair Tax Foundation

5 Dec 2024

Tax | Online seller tax uproar ‘inaccurate’

HMRC ‘cannot be clearer’ that the sharing of data between online platforms and HMRC from January 2025 is not the beginning of a new tax

4 Dec 2024

Tax | Tax filing deadlines: Dec 2024 to Mar 2025

Deadline for online personal tax returns for 2023–24 if taxpayer wants tax underpayment collected via PAYE

4 Dec 2024

Tax | HMRC side hustler tool to check whether tax owed

HMRC has created a tool to help people running side hustles to work out whether they are liable for income tax on additional earnings

3 Dec 2024

Tax | Portugal offers expats IHT tax planning options

Upcoming changes to inheritance tax could deliver significant savings to British expats living in Portugal if they have been living outside the UK for a sizeable period

2 Dec 2024

Tax | HMRC extends wait time to register for agent services account

Tax agents will have to wait up to eight weeks for HMRC to approve applications for agent services accounts

29 Nov 2024

Tax

HMRC

Tax Compliance

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Tax | Harry Potter actor loses £1.8m tax dispute

Rupert Grint, famous for his childhood role in the Harry Potter films, faces £1.8m tax bill after HMRC rejected claim for entrepreneurs relief and 10% capital gains tax

29 Nov 2024

Business | ‘Tax fugitive’ caught out by an £18 kebab

HMRC caught up with a VAT fraudster after he shelled out £18 for a kebab in Wales, eventually being sentenced to three years and four months imprisonment

27 Nov 2024