Tax | HMRC investigations lead to only 300 prosecutions

The number of tax prosecutions is up 19% on last year as HMRC investigators ramp up anti-tax fraud but the chances being prosecuted are less than 1%

26 Nov 2024

Tax

Personal Tax

HMRC

Tax Compliance

Tax | Webinar on VAT and commercial property

Register for our webinar on VAT and commercial property on 26 November

25 Nov 2024

Tax

VAT

Tax Compliance

Tax | HMRC extends tax agent code disclosure deadline

HMRC has extended the deadline for accountants to provide details of the codes used for self assessment, VAT and corporation tax across their firms

25 Nov 2024

Tax

Business Tax

Personal Tax

VAT

HMRC

Tax Compliance

Tax | Real time reporting of benefits in kind from April 2026

HMRC has clarified the changes to compulsory reporting of benefits in kind (BiKs) expenses through payroll software from the new tax year with some initial exemptions

22 Nov 2024

Tax

Employment Tax

HMRC

Tax Compliance

Tax | HMRC pays out £1m to tax whistleblowers

Nearly £1m has been paid out to whistleblowers by HMRC in the last year after they received viable tips about tax fraud

22 Nov 2024

Tax

HMRC

Tax Compliance

Tax | HMRC clarifies use of email for tax queries

HMRC has updated the guidance on when it will accept email as opposed to phone and post enquiries from tax agents and individual taxpayers

20 Nov 2024

Tax

HMRC

Tax Compliance

Technology

Tax | Q&A: loan to participator tax issue in MBO

In this week’s Q&A, Croner-i tax adviser Ibrahim Nalla explains tricky tax implications of using director loans to part fund management buyout

19 Nov 2024

Tax

Business Tax

Personal Tax

Tax Compliance

Tax | Slashed farming IHT relief causes farm revolt

The removal of favourable inheritance tax for farmers has created a nightmare for generational farmers. Farming tax experts Julie Butler and Libby James of Butler & Co examine the tax planning options

18 Nov 2024

Tax

Personal Tax

Inheritance Tax

Tax Compliance

Tax Planning

Budget

Tax | HMRC cuts late payment interest rate to 7.25%

Following the November cut in the base rate, HMRC will reduce late payment and repayment interest rates from 18 November

14 Nov 2024

Tax

HMRC

Tax Compliance

Tax | Changes to director loan rules to stop tax avoidance

Anti-avoidance rules have been tightened up to ensure shareholders cannot extract funds untaxed from close companies with immediate effect 

14 Nov 2024

Tax

Personal Tax

Tax Compliance

Tax Planning

Tax | Can technology save you from Pillar Two fatigue?

Preparing for Pillar Two global 15% base tax rules is no easy task with the challenge of mass consolidation and interpretation of data from disparate sources, explains Russell Gammon, Tax Systems

14 Nov 2024

Tax

International Tax

Tax Compliance

Tax Planning

Tax | CPD module: latest changes to tax rules

In this month’s exclusive free Business & Accountancy Daily CPD module, we focus on the latest developments in tax from rule changes to rates, and the impact of recent tax tribunal decisions.

12 Nov 2024

Tax

HMRC

Tax Compliance

Tax Planning

Tax | Q&A: tax and lease payments for director’s car

In this week’s VIP Tax Team Q&A, how is tax on lease payments and fuel costs for a director’s vehicle treated under benefits in kind rules when paid through director’s loan account?

12 Nov 2024

Tax

Business Tax

Personal Tax

Tax Compliance

Tax Planning

Tax | Tax filing deadlines: Nov 2024 to Mar 2025

Deadline for corporation tax for accounting periods ended 28 February 2024

12 Nov 2024

Tax

HMRC

Tax Compliance

Tax Planning

Tax | Tax traps: gifting cash for a property purchase for children

Nadia Cowdrey, partner at DMH Stallard, explains how the hugely complex pre-owned asset tax (POAT) can catch out parents who gift cash to fund a property purchase for children and later live in the property

11 Nov 2024

Tax

Personal Tax

Property Tax

Tax Compliance

Tax Planning