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

Personal tax

HMRC

Tax | Court rejects £80k multiple dwellings relief case

A tax tribunal has ruled against a claim for multiple dwelling relief of £80,000 on a £2.7m property concluding that the annexe located inside the house could not be classed as two dwellings

25 Jan 2022

Property tax

Case reports

Tax | Q&A: VAT and renovation of empty dwellings

In this week’s Q&A, Croner Taxwise VAT advisor Arti Sonpal considers whether reduced rate VAT is payable when renovating empty dwellings

25 Jan 2022

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 | HMRC hikes demands for confidential info in tax probes

HMRC made 875 requests to professional services firms, such as tax advisers, accountants, and lawyers, for information relating to clients suspected of tax evasion in the last year

24 Jan 2022

Tax | Four million still to file ahead of self assessment deadline

A third of taxpayers are yet to submit their completed self assessment tax return and pay any tax owed ahead of the deadline on 31 January, HMRC has warned

24 Jan 2022

Tax | Taxpayer wins dispute over £19m VAT bill

The court has allowed an appeal against HMRC’s decision to refuse a taxpayer £19m VAT recovery ruling that the company did not know the relevant transactions were connected to fraud

24 Jan 2022

VAT

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

HMRC

Tax | OECD transfer pricing guidelines updated

The OECD has released the 2022 edition of the OECD transfer pricing guidelines for multinational enterprises and tax administrations

21 Jan 2022

International tax

Tax | Indirect tax and the gig economy post Uber VAT ruling

Following the latest Uber High Court decision, Sarah Delaney, director, indirect tax at EY considers the VAT implications of the case and the direction of travel for the rest of the sharing economy

20 Jan 2022

VAT

Tax | Court overturns claim over £400k tax assessments

The court has upheld PAYE, NICs, and corporation tax assessments totalling £400,000 as the business was found to have used a tax avoidance scheme

20 Jan 2022

Tax | Restaurateur loses £530k tax appeal case

The court has refused to allow an appeal from a restaurant owner against tax assessments and penalties totalling £531,553.79 which were given for deliberate discrepancies

19 Jan 2022

Case reports

Tax | Millionaires call for wealth taxes

Over 100 millionaires have called on governments worldwide to introduce permanent wealth taxes to reduce global inequality and raise revenue for countries to recover from the pandemic

19 Jan 2022

Personal tax

Tax | HMRC consults on final rules for uncertain tax treatment

HMRC is running a brief consultation on the final plans for the rollout of new uncertain tax treatment rules for the largest businesses and has confirmed the penalty regime

19 Jan 2022

Tax | High Court throws out oil and gas tax case

Environmental activists have lost their argument for a judicial review at the High Court over whether the UK’s tax breaks for the oil and gas sector represent unfair subsidies for the fossil fuel industry

18 Jan 2022