Tax | Q&A: capital gains tax and chattels

In this week’s Q&A, Roger Bradbury, tax advice consultant at Croner-i, explains the capital gains tax liabilities and the chattels exemption

19 Dec 2023

Tax

Personal Tax

Tax Compliance

Tax Planning

Tax | Camping pod owner partly wins £354k tax appeal

The owners of an adventure company based in the Brecon Beacons have part won a claim for £354,489 relating to capital allowances

15 Dec 2023

Tax

Business Tax

HMRC

Tax Compliance

Tax | HMRC determined to shift agent queries online

HMRC bosses told MPs they will continue to offer a phone service for agents and accountants, but needed to reduce dependence with ‘interventionist’ action to force a change of behaviour

14 Dec 2023

Tax

HMRC

Tax Compliance

Politics

Tax | Handy tips when gifting clients this Christmas

The line between bribery and goodwill can be blurred when sending Christmas gifts to clients, so make sure you stay within the rules, says Matt Green at Skillcast

14 Dec 2023

Tax

Tax Compliance

Tax | Voluntary groups given £5.5m lifeline for vulnerable taxpayers

HMRC has given 12 voluntary and community sector organisations a share of £5.5m in funding to help taxpayers who need extra support with their tax affairs

14 Dec 2023

Tax

HMRC

Tax Compliance

Tax | Twelve Days of Tax Tips webinar

Let’s speed up your tax returns, making the process more streamlined and efficient this Christmas with our exclusive advent calendar webinar

13 Dec 2023

Tax

Tax Compliance

Tax | Thinking of deferring that Christmas bonus?

If staff ask to delay payment of their Christmas bonus until the new year to save tax, it will be a tight turnaround to update payroll systems, warns Susan Ball, partner at RSM

13 Dec 2023

Tax

Employment Tax

Tax Compliance

Tax | More energy saving materials qualify for zero rate VAT

The government plans to expand the VAT zero rate available on the installation of certain energy saving materials

12 Dec 2023

Tax

VAT

Tax Compliance

Tax | US companies underpaid £5.6bn in UK tax

The largest US multinationals made up half of the total £11.5bn tax hole attributable to profit shifting and the use of transfer pricing to reduce tax liability

11 Dec 2023

Tax

HMRC

Tax Compliance

Tax | Pension tax relief hits record £51bn

The amount of annual pension tax relief has exceeded £50bn for the first time, an increase of £14bn in five years

11 Dec 2023

Tax

Personal Tax

Tax Compliance

Tax | HMRC slashes access to helplines for seven weeks

In the busiest period of the tax year, HMRC plans to significantly reduce access to the self assessment helpline, prioritising only complex queries from Monday

8 Dec 2023

Tax

Personal Tax

HMRC

Tax Compliance

Tax | HMRC stops sending self assessment repayment letters

HMRC will no longer send out letters in the post advising taxpayers of self assessment repayment notifications, claiming they simply caused confusion

8 Dec 2023

Tax

Personal Tax

HMRC

Tax Compliance

Tax | HMRC will not handle PAYE queries during SA peak

HMRC has informed accountants and tax advisers that during the self assessment peak period, the agent dedicated line will not deal with any PAYE-related calls until February

7 Dec 2023

Tax

Employment Tax

HMRC

Tax Compliance

Tax | Selling an unwanted Christmas jumper? Watch out for tax trap

Digital platforms like eBay, Vinted and Airbnb will have to report seller data to HMRC from January giving the tax authority access to unparalleled information, warns Miruna Constantin, tax manager at RSM

6 Dec 2023

Tax

Personal Tax

Tax Compliance

Tax | How to handle tax returns for deceased individuals

HMRC has issued advice for agents on how to complete self assessment tax returns for deceased persons and estates during the administration period

6 Dec 2023

Tax

Personal Tax

Tax Compliance