Tax Compliance

Latest news

Image for inheritance tax hits record ps795m june

Tax | Inheritance tax hits record £795m in June

Higher rate corporation tax, record inheritance tax receipts and frozen thresholds all contributed to a record month for tax receipts of £60bn

21 Jul 2023

Tax

HMRC

Tax Compliance

Image for rd tax relief disclosure rules delayed 8 august

Tax | R&D tax relief disclosure rules delayed to 8 August

HMRC has delayed the introduction of claim notification forms about research and development tax claims by a week to give companies more time to prepare

20 Jul 2023

Tax

Business Tax

Tax Compliance

Image for owner managers will have give hmrc dividend breakdown

Tax | Owner managers will have to give HMRC dividend breakdown

HMRC will be given extra powers to collect information about the amount of dividend payments earned by owner managed business directors while employers will have to report the number of hours worked by individual employees

19 Jul 2023

Tax | One in five R&D tax relief claims are fraudulent

The level of fraudulent claims for research and development (R&D) tax relief has soared in the last 12 months with £1.13bn identified as fraud

18 Jul 2023

Tax | Q&A: tax relief and forfeited deposits on property purchase

In this week’s Q&A, Croner-i tax adviser Kabita Tank, examines whether tax relief is available when a property purchase falls through and the deposit is lost

18 Jul 2023

Tax | Tax take on savings trebles to £3.4bn

Rising interest rates and the growing number of people paying higher rate tax means that HMRC is reaping the rewards with £3.4bn paid in tax on savings in the last year

18 Jul 2023

Tax | If we thought the consequences of the loan charge were bad…

Taxpayers using two online accountancy firms are under investigation by HMRC and have been recategorised as managed service companies with potentially significant tax liabilities. Neil Tipping, lead enquiry consultant for Croner-i, explains the risks

18 Jul 2023

Tax | Payment on account tax deadline is 31 July

With two weeks to go until the second payments on account deadline for tax bills, Stevie Heafford, tax partner at accountancy firm HW Fisher, provides tips and advice on compliance

18 Jul 2023

Tax | HMRC to cut access to phone lines by 30%

The tax authority plans to cut the use of phone-based tax advisers by 30% within two years as it struggles to cope with increasing demand and cuts to staffing budgets

17 Jul 2023

Tax

HMRC

Tax Compliance

Tax | Four in 10 callers to HMRC cannot get through

HMRC service levels continue to decline as only 61% of callers managed to get through to an adviser by phone in the latest performance report

17 Jul 2023

Tax

HMRC

Tax Compliance

Tax | HMRC gives £1.8m to charities to help excluded taxpayers

The voluntary and community sector will be able to apply for grants to support their work with taxpayers who need extra assistance with their tax affairs

17 Jul 2023

Tax

HMRC

Tax Compliance

Image for director loses ps20k vat appeal paid four days late

Tax | Director loses £20k VAT appeal as paid four days late

A director has lost a First Tier Tribunal (FTT) appeal over a VAT default penalty issued by HMRC for £20,000 for a payment that was only four days late

17 Jul 2023

Tax | Tax pain makes life difficult for landlords

Landlords of residential property may find themselves needing support as their forecasts and business plans might have been shredded by consecutive interest rate rises, warns Matthew Todd, manager at RSM

17 Jul 2023

Tax | India hits online gaming industry with 28% tax

India plans to make a significant 10% increase to the current 18% gaming tax on revenue that online gaming companies collect from their customers, but some fear that it might damage the $1.5bn sector

13 Jul 2023

Tax | Southend United given extra time to pay £275k tax bill

Southend United football club has been granted more time to secure its future and pay off a £275,000 tax bill owed to HMRC

13 Jul 2023

Tax | Electric vehicle VAT cuts would not be passed on

Despite the high profile campaigns to scrap VAT on sunscreen and public electric vehicle charging, the changes would be an expensive waste of money and would not benefit consumers, claim tax experts

12 Jul 2023

Tax

VAT

Tax Compliance

Navigate

Tax Services

Latest news

Tax | Inheritance tax hits record £795m in June

Tax | R&D tax relief disclosure rules delayed to 8 August

Tax | Owner managers will have to give HMRC dividend breakdown

Tax | One in five R&D tax relief claims are fraudulent

Tax | Q&A: tax relief and forfeited deposits on property purchase

Tax | Tax take on savings trebles to £3.4bn

Tax | If we thought the consequences of the loan charge were bad…

Tax | Payment on account tax deadline is 31 July

Tax | HMRC to cut access to phone lines by 30%

Tax | Four in 10 callers to HMRC cannot get through

Tax | HMRC gives £1.8m to charities to help excluded taxpayers

Tax | Director loses £20k VAT appeal as paid four days late

Tax | Tax pain makes life difficult for landlords

Tax | India hits online gaming industry with 28% tax

Tax | Southend United given extra time to pay £275k tax bill

Tax | Electric vehicle VAT cuts would not be passed on