Personal tax

Tax compliance

Tax planning

Tax | £100k loan from pension scheme was 'contrived' tax avoidance

The anti-tax avoidance advisory panel has issued an opinion explaining that an unauthorised payment from a registered pension scheme was actually tax avoidance

5 Dec 2022

Tax compliance

Tax | Director faces £2m tax bill over royalty payments

A director has lost an appeal at a First Tier Tribunal (FTT) after failing to meet an appeal deadline regarding income tax payments

1 Dec 2022

Case reports

Tax | Taxpayers to lose £391m in unclaimed HMRC deposits

Nearly £400m in ‘unallocated’ deposits from taxpayers using a certificate of tax deposit (CTD) scheme are at risk of being confiscated by HMRC

1 Dec 2022

Tax | Tax avoidance schemes lead to £400m in lost tax

HMRC has confirmed that £400m a year was lost as a result of the use of marketed tax avoidance schemes, particularly through disguised remuneration, with Tamworth in Staffordshire the worst offender

30 Nov 2022

Tax | Threshold freeze equivalent to 3.5% tax hike

The government’s deep freeze on income tax thresholds will see some workers’ tax bills rise by the equivalent of a 3.5% hike in the headline rate of tax

25 Nov 2022

Tax | Retail director loses £457k compensation tax dispute

A retail director has lost an appeal in the First Tier Tribunal (FTT) against a closure notice on the grounds that a compensation fee of £1m was not chargeable to tax

24 Nov 2022

Tax | Road tax on electric vehicles will raise £985m

The government plans to tax electric vehicles with the introduction of vehicle excise duty for zero emission cars, vans and motorcycles from 2025

23 Nov 2022

Tax | Tax take soars with £41.5bn boost to revenue

Total tax receipts for April 2022 to October 2022 were £432.8bn, which was £41.5 billion higher than the same period a year earlier

22 Nov 2022

HMRC

Tax | Autumn Statement 2022: electric vehicles will be taxed

The government plans to tax electric vehicles from April 2025 to equalise the road vehicle excise duty with petrol and diesel vehicles

17 Nov 2022

Tax | Autumn Statement 2022: basic income tax thresholds frozen

The Chancellor committed to keeping basic and higher rate income tax rates at current levels but extended the threshold freeze to 2028

17 Nov 2022

Tax | Autumn Statement 2022: dividend tax allowance cut to £1k

From April 2023, the dividend tax allowance will be halved to £1,000 from the current £2,000 with a further cut to follow

17 Nov 2022

Tax | Autumn Statement 2022: capital gains tax exemption cut to £6k

The Chancellor plans to halve the capital gains tax exemption to £6,000 from the new tax year

17 Nov 2022

Tax | Autumn Statement 2022: 45% tax will start at £125k

The threshold for the additional rate of income tax will be reduced to pull more top earners into the 45p tax bracket

17 Nov 2022

Tax | HMRC sues EY over Ritblat tax dispute

HMRC has filed a High Court lawsuit against EY over alleged misrepresentations concerning British property investor Jamie Ritblat’s tax affairs

16 Nov 2022