Tax | Director sentenced for £492k VAT fraud

A director of a tiling business has been sentenced after stealing £492,000 through fraudulent VAT returns, despite HMRC giving him the chance to amend them

11 Aug 2023

Tax

VAT

HMRC

Tax Compliance

Called to Account

Tax | Entain sets aside £585m to settle HMRC inquiry

The owner of Ladbrokes and Coral has taken a £585m provision to settle a HMRC bribery probe related to its former Turkish business, which it had sold back in 2017

10 Aug 2023

Tax

HMRC

Tax Compliance

Companies

Accountancy Firms

Tax | Homeowner loses £83k SDLT appeal

HMRC has won a First Tier Tribunal (FTT) appeal over a disputed stamp duty land tax (SDLT) bill related to whether the property was residential or not

10 Aug 2023

Tax

Property Tax

HMRC

Tax Compliance

Case Reports

Tax | UK rental market shrinks by 400,000 homes

The UK private rental sector has lost approximately 400,000 rental homes since 2016, as landlords face increasing costs and higher mortgage rates

10 Aug 2023

Tax

Property Tax

Tax Compliance

Accountancy Firms

Tax | Personal savings allowance: tax tips

As interest rates rise, more taxpayers risk paying tax on savings income due to frozen thresholds but there are ways to mitigate tax bills, explains Laura Suter, head of personal finance at AJ Bell

10 Aug 2023

Tax

Personal Tax

Tax Compliance

Tax Planning

Tax | HMRC owed £3.1m in unpaid tax over Britishvolt collapse

Collapsed Britishvolt owes HMRC over £3.1m in unpaid tax and national insurance, reveals latest EY insolvency report

9 Aug 2023

Tax

Business Tax

HMRC

Tax Compliance

Companies

Accountancy Firms

Tax | Q&A: higher rate stamp duty transactions

In this week’s Q&A, Croner-i tax adviser Vivienne Cheung explains the rules around higher rate stamp duty land tax on property purchases for joint use

8 Aug 2023

Tax

Property Tax

Tax Compliance

Tax | R&D claims to come under greater scrutiny

Claiming tax relief for research and development is set to get harder as HMRC seeks to clamp down on the estimated £1.13bn of fraud and error in claims

8 Aug 2023

Tax

Business Tax

Tax Compliance

Tax | eBay trader loses £28k tax dispute

An online seller has been ordered to pay £28,408 to HMRC after a tribunal ruled that he had deliberately filed inaccurate tax returns from selling Apple products and cassettes on eBay

7 Aug 2023

Tax

Personal Tax

HMRC

Tax Compliance

Case Reports

Tax | HMRC late payment interest rate hits 7.75%

HMRC has revised interest rates with late payment bills charged 7.75% from 22 August, the highest rate since 2001

7 Aug 2023

Tax

HMRC

Tax Compliance

Tax | Tax debt up 6% to £44.5bn

The total tax debt at the end of June 2023 was £44.5bn, up from £42bn in June 2022 while more people signed up to time to pay arrangements as individuals and businesses struggle to pay their bills

4 Aug 2023

Tax

HMRC

Tax Compliance

Tax | HMRC pursues Uber for £386m VAT bill

HMRC has demanded Uber pay an extra £386m worth of VAT over its use of the tour operators margin scheme

2 Aug 2023

Tax

VAT

HMRC

Tax Compliance

Companies

Accountancy Firms

Tax | Irish based taxpayer loses £3.1m residency tax case

HMRC has won a dispute at the Upper Tribunal about whether a taxpayer was a UK resident for tax purposes, and so was liable to pay £3.1m in tax

2 Aug 2023

Tax

Personal Tax

HMRC

Tax Compliance

Case Reports

Tax | HMRC targets non-residents over Covid-19 tax status

HMRC is closely scrutinising claims made by non-UK tax resident taxpayers that lockdown rules during the coronavirus pandemic prevented their departure from the UK, warn Matt Taylor and Amy Rengger of RSM

2 Aug 2023

Tax

Personal Tax

HMRC

Tax Compliance

Tax | Filing deadlines: August - December 2023

Our handy guide to tax filing deadlines for VAT partial exemption annual adjustments for year ended 31 May 2023 and corporation tax returns for 31 August year ends

1 Aug 2023

Tax

HMRC

Tax Compliance

Tax Planning