Tax | Primark suppliers jailed for ‘relentless’ £1.3m VAT fraud

Two directors of a Leicester clothing company have been jailed after a rag trade taskforce made a surprise visit to their factory

20 May 2024

Tax

Business Tax

VAT

HMRC

Tax Compliance

Law and Regulation

Tax | Seven football clubs hit with winding up petitions

HMRC landed seven UK professional football clubs with winding up petitions for unpaid tax in 2023, the highest figure since the start of the pandemic 

20 May 2024

Tax

Tax Compliance

Tax | Art world intermediaries face tougher AML rules

In a bid to crack down on money laundering in the art world, intermediaries are being warned to register with HMRC as an art market participant

16 May 2024

Tax

HMRC

Tax Compliance

Tax | Dolphin Drilling takes £12.8m HMRC dispute to Supreme Court

A Norwegian listed offshore drilling company is heading to the Supreme Court after it lost a long-running tax case to HMRC

16 May 2024

Tax

Business Tax

VAT

HMRC

Tax Compliance

Tax | Pitfalls of HMRC R&D advanced notification rules

In a new series on R&D tax relief, Richard Edwards, CEO of the R&D Community explains the advanced notification process and flags potential risk areas

16 May 2024

Tax

Business Tax

HMRC

Tax Compliance

Tax Planning

Tax | HMRC faces ‘declining spiral of service pressures’

The quality of HMRC service has hit ‘an all-time low’ with wait times on phone lines five times longer than just four years ago and online services unable to fill the gap

15 May 2024

Tax

HMRC

Tax Compliance

Tax | Tax warning for footballers and agents on contracts

Following a number of tax disputes, HMRC has clarified the tax treatment of football agents’ fees and dual representation contracts, flagging the risk of compliance checks if tax rules are flouted 

15 May 2024

Tax

Business Tax

Personal Tax

VAT

HMRC

Tax Compliance

Tax | Bank details being changed on HMRC portal in VAT scam

Accountants at Price Bailey are warning companies to be extra vigilant as there has been a surge in fraudulent activity affecting VAT repayments from HMRC

14 May 2024

Tax

VAT

HMRC

Tax Compliance

Tax | Nadhim Zahawi admits settling £5m tax bill

‘Non-deliberate’ and ‘careless mistake’ led to Zahawi having to pay a £5m settlement bill to HMRC, including a £1m fine

13 May 2024

Tax

Personal Tax

HMRC

Tax Compliance

Law and Regulation

Tax | HMRC targets savvy online sellers: what you need to do

As online platforms prepare for new disclosure rules on transactions, Danielle Ford, partner at haysmacintyre, warns that HMRC has already started compliance checks on the highest reported earners 

13 May 2024

Tax

Personal Tax

HMRC

Tax Compliance

Tax Planning

Tax | HMRC flags risk of errors when claiming capital allowances

HMRC is warning businesses to check their capital allowances claims carefully due to the risk of making errors, issuing guidance on problem areas

8 May 2024

Tax

Business Tax

HMRC

Tax Compliance

Tax Planning

Tax | £3k CGT allowance puts crypto investors at tax risk

Anyone buying crypto needs to keep up-to-date records of transactions to ensure they pay the right capital gains tax, especially as gains now have to be declared on tax returns

3 May 2024

Tax

Personal Tax

HMRC

Tax Compliance

Tax | HMRC writes to £100k-£150k earners about tax return overhaul

Anyone earning between £100,000 and £150,000 should have received a letter from HMRC warning them about significant changes to the rules on tax returns

2 May 2024

Tax

Personal Tax

Tax Compliance

Tax Planning

Tax | Tax filing deadlines: May - July 2024

Our handy guide to key dates for VAT returns and balancing payments due for VAT annual accounting period ending 31 March

1 May 2024

Tax

Tax Compliance

Tax Planning

Tax | Tax traps for high earners removed from self assessment

Jennifer Collins, associate director at RSM considers the implications of the increase in the earnings income threshold to £150,000 for self assessment tax returns

1 May 2024

Tax

Personal Tax

Tax Compliance

Tax Planning