HMRC

Tax | Corporation tax take up £11bn in December

Tax receipts have risen across the board with the latest figures showing that HMRC has collected £507.7bn between April and December 2021 which is £114.1bn more than the previous year, with corporation tax up significantly

25 Jan 2022

Tax

Tax | UK spent 25m hours filing tax returns

Taxpayers spent the equivalent of two hours filing their tax returns in the last year, adding up to 25m hours of tax admin, research by Which has found

25 Jan 2022

Tax

Personal tax

HMRC

Tax | Voluntary sign ups for Making Tax Digital low

Total sign-ups for HMRC’s Making Tax Digital (MTD) for Income Tax pilot has decreased from 877 in the pilot’s first year to only 26 in the 2020-21 tax year which causes concern for accountants

24 Jan 2022

Tax | Scam HMRC call reports drop by 97%

Reports of scam HMRC phone calls have fallen by 97% over the last 12 months, latest HMRC figures show, which display a downward trend in reports overall throughout the past year

21 Jan 2022

Tax

HMRC

Tax compliance

Tax | HMRC returned £835m in overpaid tax on pensions

HMRC has repaid an estimated £835m in overpaid tax on flexible pension withdrawals over the last seven years

18 Jan 2022

Tax

HMRC

Pensions

Tax | HMRC to increase use of debt collection companies

The head of HMRC has told MPs that there are plans to increase its work with private sector debt collectors to tackle the UK’s current tax debt and improve its services in the long term

18 Jan 2022

Tax | Tax inquiries brought in £1.1bn last year

HMRC cash collection brought in £1.1bn from tax compliance investigations in the last quarter which is a 28% drop compared to the same time last year when £1.5bn was recovered

17 Jan 2022

Tax | Call waiting time for HMRC rises to 13 minutes

The latest HMRC performance figures reveal that taxpayers waited an average of 13 minutes to reach a tax official in November which is up from the 10 minutes reported the month previous

14 Jan 2022

Tax

HMRC

Tax | Tax rebate companies take 48% cut of claims

Tax rebate companies usually take a 25% to 48% cut of all the claims they make according to an investigation from Which

14 Jan 2022

Tax

Personal tax

HMRC

Tax | Top rate Scottish taxpayers pay 60% of income tax

The amount of income tax raised from Scottish taxpayers is set to rise by £1m to £12bn for tax year 2020-21, up from £11.8bn, with higher and top rate earners paying more than half the total tax bill

14 Jan 2022

Tax

Personal tax

HMRC

Tax | Contractor trust in CEST IR35 accuracy falls

Only 5% of contractors trust HMRC’s CEST tool to accurately decide their tax status and only 4% trusted HMRC to keep its promise to stand by the tool’s results

13 Jan 2022

Tax

Business tax

HMRC

Tax | Italian wine producer wins £1.2m tax case

The court has ruled in favour of the taxpayer against a £1,294,028 tax bill as the assessment notices were not formally issued by HMRC in the timeframe

13 Jan 2022

Tax | HMRC can use discovery assessments to recoup child benefits

HMRC is being given extra powers in the Finance Bill to use discovery assessments to force taxpayers to disclose tax liability on higher rate child benefit charges, Gift Aid and pensions with new retrospective legislation

12 Jan 2022

Tax

HMRC

Tax compliance

Tax | Covid-19 support grants must be included on company tax returns

HMRC is urging tax agents and accountants to remind their clients that Covid-19 support grants or payments are taxable and should be declared on their company tax returns

11 Jan 2022

Tax | Making Tax Digital for VAT expansion from April

HMRC is warning businesses to make sure they are ready for changes to reporting under Making Tax Digital (MTD) for VAT before it becomes mandatory for all VAT-registered businesses from 1 April this year

10 Jan 2022

Tax | Rules on VAT reclaims on charging electric vehicles updated

HMRC has clarified guidance on VAT reclaims on electricity for charging electric vehicles although it is still reviewing how employees can make claims on domestic charging

7 Jan 2022

Tax | Corporation tax take up £11bn in December

Tax | UK spent 25m hours filing tax returns

Tax | Voluntary sign ups for Making Tax Digital low

Tax | Scam HMRC call reports drop by 97%

Tax | HMRC returned £835m in overpaid tax on pensions

Tax | HMRC to increase use of debt collection companies

Tax | Tax inquiries brought in £1.1bn last year

Tax | Call waiting time for HMRC rises to 13 minutes

Tax | Tax rebate companies take 48% cut of claims

Tax | Top rate Scottish taxpayers pay 60% of income tax

Tax | Contractor trust in CEST IR35 accuracy falls

Tax | Italian wine producer wins £1.2m tax case

Tax | HMRC can use discovery assessments to recoup child benefits

Tax | Covid-19 support grants must be included on company tax returns

Tax | Making Tax Digital for VAT expansion from April

Tax | Rules on VAT reclaims on charging electric vehicles updated

Technical Alerts

Direct Tax | Council Decision (EU) 2020/769 of 10 June 2020

Direct Tax | SI 2020/518 – The European Union (Withdrawal Agreement) Act 2020 (Commencement No. 3) Regulations 2020