Tax Compliance

Personal Tax

Image for estate agents loses ps48m vat case

Tax | Estate agents loses £4.8m VAT case

An estate management company has lost a case at the High Court over whether its supplies of accommodation should be treated as exempt from VAT

27 Sep 2023

Tax | HMRC service reduction signals new low, ICAEW warns

Accountants have criticised HMRC’s decision to scrap a key waiting time target as 'disappointing' and calls for service review

27 Sep 2023

Image for director banned 12 years over vat fraud

Tax | Director banned for 12 years over VAT fraud

A director has been given a 12-year disqualification after causing his company to participate in transactions which were connected with the fraudulent evasion of VAT

26 Sep 2023

Tax | Writing provider loses £419k VAT appeal

An essay writing provider has lost a First Tier Tribunal (FTT) appeal in relation to whether its services were required to account for VAT

26 Sep 2023

Tax | HMRC scrapping 10-minute answering on ADL signals new low, says ICAEW

HMRC’s decision to scrap a key waiting time target on its agent-dedicated line is a new low for the department, ICAEW has said

26 Sep 2023

Image for qa tax sparing relief bank interest foreign savings account

Tax | Q&A: tax sparing relief for bank interest on foreign savings account

In this week’s Q&A, Stuart Farmer, apprentice tax advisor at Croner-I, explains that a UK resident in receipt of interest payments from saving account in India may not be liable for tax due to double taxation agreement

26 Sep 2023

Tax | Sunak to consider cutting inheritance tax

The UK government is reportedly considering a cut to inheritance tax (IHT) ahead of the next general election, despite being forecast to raise around £7.2bn in 2023/24

25 Sep 2023

Tax | IT specialist loses £30k share option relief appeal

An IT specialist has lost a First Tier Tribunal (FTT) appeal after claiming relief for compensation he received for the loss of rights under a stock option scheme provided by his employer

25 Sep 2023

Tax | Corporation tax take up 26% to record £84.7bn

HMRC has reported a massive hike in corporation tax receipts for 2022-23, rising by £17.3bn to £84.7bn

22 Sep 2023

Business Tax

Tax | HMRC fines tax evaders £13.4m

A management consultancy, construction company and golf club have been fined over £13m for tax evasion, after deliberately failing to pay £20.3m in tax

22 Sep 2023

Tax | How to reclaim emergency tax on pension drawdowns

HMRC has issued guidance on how to claim back a refund in the current tax year on an overpayment of tax when a pension has been flexibly accessed

22 Sep 2023

Tax | How to change tax agent codes when firm merges

HMRC has issued guidance on requesting new agent codes for accountants when they merge their firms or acquire other practices

22 Sep 2023

Tax | HMRC abandons 10-minute answering on Agent Dedicated Line

As HMRC struggles to deal with demand for telephone support, it will drop the 10-minute call answering target from the agent dedicated line for accountants

21 Sep 2023