Tax Compliance

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Tax | R&D firms raided over suspected tax relief fraud

The research & development (R&D) firms Green Jellyfish and Kirby & Haslam were raided on 24 September under fraud allegations, but say they 'have nothing to hide'

26 Sep 2024

Tax

HMRC

Tax Compliance

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Tax | Q&A: What happens to capital allowances pool balance after April 2025?

The capital allowances pool is effectively taken over by the ongoing property business with written down allowances being claimed as the losses become part of the ongoing property business

25 Sep 2024

Tax

Tax Compliance

Tax Planning

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Tax | Shein accused of tax dodging by Superdry boss

Superdry boss Julian Dunkerton has accused the budget online retailer Shein of being allowed to ‘dodge tax’ in an unfair way

25 Sep 2024

Tax | Warning on fake phone calls about undelivered HMRC letters

Scammers are sending taxpayers emails and calling them from UK mobiles telling targets to respond immediately or face legal action

19 Sep 2024

Tax | Beware the tax on cash savings interest

The number of people paying tax on their savings interest is set to hit a record 2.1m this tax year as personal savings allowance fails to keep pace

18 Sep 2024

Tax | Q&A: tax liability when parents buy a property for child

In this week’s Q&A, Teddy Rawlings, tax adviser at Croner-i, explains the stamp duty land tax (SDLT) implications when parents buy their child a property and own another dwelling

17 Sep 2024

Tax

Property Tax

Tax Compliance

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Tax | HMRC updates pay by bank transfer details

HMRC has updated the payment details used to pay by bank transfer affecting all business users

16 Sep 2024

Tax | Where to next for the UK’s non-doms?

With sweeping changes to non-dom rules, Miles Dean, head of tax at Andersen, considers the best alternative low tax jurisdictions across Europe

16 Sep 2024

Business | Solucionis slapped with stop notice for tax avoidance

HMRC has issued a stop notice against Liverpool based Solucionis Limited, preventing the umbrella company from promoting tax avoidance schemes

13 Sep 2024

Tax | Call to update NI records to reflect child benefit claims

HMRC is urging parents who claimed child benefit before 2000 to check if they are eligible to increase their state pension

12 Sep 2024

Tax | Decoding HMRC’s salaried member rules for LLP partners

Changes to the HMRC guidance on salaried member rules post Bluecrest has caused enormous confusion for partners, explains Kiran Chotai, senior manager at haysmacintyre

11 Sep 2024

Tax | Student loan payers face self assessment tax overpayment

HMRC has confirmed that it has still not resolved a problem for graduates with student loans who complete self assessment and receive benefits in kind

10 Sep 2024

Tax | HMRC fails to crack down on £4.5bn SME tax avoidance

Up to £5.5bn is estimated have been lost through tax evasion with 81% being down to small businesses avoiding and evading tax with takeaways, small retailers and candy shops the worst, NAO report finds

9 Sep 2024

Tax | Tax breaks for start-ups extended to 2035

The Treasury has confirmed the extension of the Enterprise Investment Scheme (EIS) and Venture Capital Trust (VCT) tax reliefs to April 2035

6 Sep 2024

Tax | HMRC clarifies refund process for higher rate stamp duty

HMRC has issued guidance outlining how to apply for a refund of stamp duty land tax on a main home sale when selling additional properties

3 Sep 2024

Tax

Property Tax

Tax Compliance

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Tax | Dog breeders must pay tax on £1k plus sales

Any breeder earning more than £1,000 a year from sales is required to declare income and pay tax, but many are evading the law, warns Gavin Nurse, senior tax manager, EQ Accountants

3 Sep 2024

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Tax Services

Latest news

Tax | R&D firms raided over suspected tax relief fraud

Tax | Q&A: What happens to capital allowances pool balance after April 2025?

Tax | Shein accused of tax dodging by Superdry boss

Tax | Warning on fake phone calls about undelivered HMRC letters

Tax | Beware the tax on cash savings interest

Tax | Q&A: tax liability when parents buy a property for child

Tax | HMRC updates pay by bank transfer details

Tax | Where to next for the UK’s non-doms?

Business | Solucionis slapped with stop notice for tax avoidance

Tax | Call to update NI records to reflect child benefit claims

Tax | Decoding HMRC’s salaried member rules for LLP partners

Tax | Student loan payers face self assessment tax overpayment

Tax | HMRC fails to crack down on £4.5bn SME tax avoidance

Tax | Tax breaks for start-ups extended to 2035

Tax | HMRC clarifies refund process for higher rate stamp duty

Tax | Dog breeders must pay tax on £1k plus sales