Tax Compliance

Latest news

Image for broker loses ps110k corporate credit card vat appeal

Tax | Broker loses £110k corporate credit card VAT appeal

Upmarket accommodation and hotel broker charging transaction fees on corporate credit card payments has been told the proceeds are not VAT exempt for the second time

6 Jun 2024

Tax | Emile Heskey settles £195k HMRC legal fees

A long-running tax case worth £1.63m with the former Liverpool and England footballer has concluded with HMRC set to receive £194,794.42 in legal fees

5 Jun 2024

Tax | Tax filing deadlines: Jun to Dec 2024

Corporation tax return due for accounting periods ended 30 June 2023

4 Jun 2024

Tax | Tech director loses challenge to appeal £590k tax notice

A director of a technology company has been denied the right to appeal against a £590,000 demand from HMRC for security as the large sum of money ‘posed a risk to the revenue’

4 Jun 2024

Tax | Q&A: private residence relief, absences and deemed occupation

In this week’s Q&A, Croner-i experts examines the tax intricacies of private residence relief, absences and deemed occupation rules when selling a property

4 Jun 2024

Tax

Property Tax

Tax Compliance

Image for ps248 flawed late tax penalty appeal allowed

Tax | £248 ‘flawed’ late tax penalty appeal allowed

A late penalty applied by HMRC was dismissed at the First Tier Tribunal (FTT) even though the tax was paid 232 days late

3 Jun 2024

Tax | Deadline for US taxpayers living abroad to file tax returns

Any US taxpayers living and working abroad have until 17 June to file tax returns warns IRS

31 May 2024

Tax | HMRC must ramp up use of AI in tax investigations

As the major parties promise a crackdown on tax evasion and avoidance to pay for campaign pledges, HMRC will have to use artificial intelligence to make a real impact

31 May 2024

Tax | Liquor trader linked with £34.2m VAT scam

A personal liability notice (PLN) for £75,000 was issued to the director of a company selling alcohol to cash and carry outlets for deliberately avoiding VAT

30 May 2024

Tax | HMRC advisory fuel rates for company car users from 1 June 2024

HMRC has cut advisory fuel rates for users of company electric vehicles, while petrol and diesel rates increase

30 May 2024

Tax | End of MDR: the ‘granny annexe’ tax

When multiple dwellings relief (MDR) is abolished from 1 June 2024, it will primarily impact those buying properties with a ‘granny annexe’ and landlords of multiple properties, warns Chris Etherington, partner at RSM

29 May 2024

Tax

Property Tax

Tax Compliance

Image for nottingham forest ps350k vat appeal kicked out

Tax | Nottingham Forest £350k VAT appeal kicked out

In a win for HMRC, Nottingham Forest Football Club has lost an appeal against assessments for a historic VAT under-declaration

28 May 2024

Tax | Q&A: SDLT on acquisition of a dwelling by a property trader

In this week’s Q&A, our Croner-i tax adviser Ibrahim Nalla unpicks the tax implications when claiming relief on a business property purchase

28 May 2024

Tax

Property Tax

Tax Compliance

Image for taxpayer loses ps6k high income child benefit case

Tax | Taxpayer loses £6k high income child benefit case

HMRC has won an appeal at tribunal related to a £6,000 high income child benefit charge (HICBC) and penalty incurred due to his company car

23 May 2024

Tax | Late appeal for EIS tax relief results in £1.6m tax bill

An £8m enterprise investment scheme (EIS) disposal relief claim failed after the appellant applied late and only paid £55,000 in income tax on the sale

22 May 2024