Personal tax

Tax / When is a temporary workplace not a temporary workplace for tax purposes?

Temporary workplace expense claims can be a challenge for employers when it comes to ensuring HMRC compliance with tax rules. David Redfern, managing director of DSR Tax Claims, examines potential pitfalls when  determining whether claims should be allowed

Tax / Calculating a PILON payment and tax liability

Changes to employment tax in the event of termination of employee contracts mean that payment in lieu of notice (PILON) is now treated as earnings so income tax and NICs are payable in full. Croner-i experts provide tips on how to make the correct tax calculation with a worked example

Tax / TV’s Lorraine Kelly wins £1.2m IR35 appeal

TV presenter Lorraine Kelly has won an appeal at a First Tier Tribunal (FTT) over a £1.2m demand for unpaid income tax and National Insurance contributions (NICs) arising from a challenge to her employment status under IR35

Tax / Labour in favour of fuel duty hike

A future Labour government is set to increase fuel duty and airline passenger duty – both of which have been frozen for several years – as part of a bid to redesign the transport system and respond to concerns around climate change, the party’s shadow transport secretary has indicated

Tax / Essentials: CGT liability for non-UK residents disposing of UK land

Non-UK residents will be pulled into the capital gains tax (CGT) regime for the first time this April if they dispose of UK land and property. Nimesh Shah, partner at Blick Rothenberg, examines the key tax compliance issues and how the rules are changing

Tax / Offshore tax evasion clampdown produces 5.67m financial records

The crackdown on tax avoidance and evasion by individuals with offshore financial interests has resulted in over three million reports from overseas tax authorities to HMRC about UK residents holding funds offshore as a result of data generated through the Common Reporting Standard, reports Sara White

Tax / Self assessment tax returns: tips on post-submission problems

Completing an annual self assessment return by the 31 January deadline is only the first step to tax compliance. Paul Webster, senior tax manager at ACA Compliance Group, provides tips and advice on how to deal with any problems from payment on account issues to delays in processing amended tax returns and missing NIC payments

Tax / Buy-to-let landlord campaign fails to fill £500m tax gap

Despite HMRC’s campaign to target underpayments of tax due on rental properties, less than 3% of estimated eligible landlords have used the let property disclosure facility, according to data from Saffery Champness, which is warning that property taxation is likely to see a greater focus as landlords come under scrutiny over their tax compliance

Tax / HMRC targets accountants over tax evading clients

HMRC sent over 1,400 production orders to accountants, lawyers and other professional services firms last year demanding information on clients that it wants to investigate for suspected tax evasion

Tax / Spring Statement 2019: implementation dates effective March 2019 onwards

Our essential snapshot of the key measures announced in Spring Statement 2019, Budget 2018, Spring Statement 2018 and Autumn Budget 2017, including rule changes to EIS funds, structures and buildings allowance, digital services tax, amendments to diverted profits tax, and more

Tax / Etherington: what's driving decline in use of tax paying trusts

With the number of tax paying trusts in serious decline, has Britain just fallen out of love with trusts or are complex tax rules and related risks driving behaviour, asks Chris Etherington CTA, private client partner at RSM

Tax / HMRC wins battle to tax Lehman Brothers interest payments

HMRC has won a longstanding legal challenge over whether or not PwC as administrators to collapsed bank Lehman Brothers International (Europe) (LBIE) should deduct income tax from some £5bn of interest payable to creditors, after the Supreme Court ruled in its favour

Tax / Call for ‘weekly national allowance’ to replace income tax allowance

There are calls for the government to abolish the income tax personal allowance, which was confirmed as £12,500 in the Spring Statement, and replace it with a weekly cash payment of £48 to all adults earning under £12,500 in a bid to lift 200,000 families out of poverty

Tax / Call for withdrawal of probate ‘tax’

The government’s decision to hike probate fees to over £6,000 for large estates means the charge is now classified as a new tax, and the Treasury is facing calls for the move to be debated as part of the Finance Bill

Tax / PAYE tax codes for 2019-20 confirm £12.5K personal allowance

HMRC has issued the latest PAYE tax codes for tax year 2019-20 effective 6 April highlighting the increase in the tax-free personal allowance to £12,500
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