The court ruled that HMRC had correctly denied corporation tax relief for an insurance company that used a tax avoidance scheme to dodge PAYE and national insurance on £9m worth of loans

Public interest business protection tax is designed to act as a deterrent for large companies looking to monetise valuable assets that may cause energy supply companies to fail. Christy Wilson, associate at Katten Muchin Rosenman UK LLP, explains

There has been a dramatic increase in the number of companies making applications to HMRC to become employee-owned through share trusts

Croner-i tax experts examine the rules when using business asset disposal relief (BADR) and the importance of maintaining adequate share holdings to protect tax relief

In this week’s Q&A, Croner Taxwise tax adviser Tom Butt, considers whether there are limits on the type of plant and machinery investments eligible for the super-deduction tax relief

The government has set out proposals to reform the capital allowances regime to encourage more business investment with a radical option to introduce full expensing of main rate plant and machinery

HMRC has collected an extra £2.16bn in tax from investigations into large businesses shifting profits overseas to avoid tax

Tax debts were not seen as a priority when balanced against maintaining cash flow and paying staff during the pandemic, according to research into HMRC debt collection

Over half of accountants state their clients are not ready for Making Tax Digital (MTD) for income tax self assessments 

A wine merchant has won an appeal against HMRC discovery assessments and penalties of £350,905 with the court ruling that although he ‘regularly’ filed his accounts late he did not do it deliberately

Some of the UK’s largest companies have joined together under an alliance to call on the Chancellor to reform the UK’s ‘decades old’ business rates system

This month's exclusive Accountancy Daily CPD module provides a back to basics review of tax and loans to employees and directors