The court has dismissed an appeal against a £434,318.73 penalty notice which was given to a sole director due to deliberate inaccuracies in the company’s tax return

There has been strong pushback on government plans to introduce basis period tax reporting with the main professional institutes calling for a delay, explains Stephen Relf CTA ACA, senior tax writer at Croner-i

The tax gap is estimated to be £35bn, which is 5.3%, up from £33bn in 2018-19, when it stood at 5%, based on £674bn in total tax collected for the year, with VAT the worst offender

The Office of Tax Simplification (OTS) has published analysis of the potential benefits, costs and implications of a change to the tax year

HMRC has set out the process for accountancy practices to move clients between firms in the event of a merger or buyout, stressing that client approval is required before tax data can be accessed

320,000 businesses face an even higher National Insurance contribution rate with the new Health and Social Care Levy according to a paper published by the House of Commons Library

Scotland spent an estimated £8.6bn on Covid-19 support and grants in 2020/21 in response to the pandemic but needs to manage finances carefully going forward

The court has dismissed an appeal against a refusal by HMRC to pay a £3.5m repayment supplement where the right to a VAT credit was assigned to a third party involving former Toys R Us shops

Company car purchases fall under specific VAT rules which determine whether the liability can be reclaimed and strict business use only limits. Sarah Kay, technical writer, Croner-i explains the rules

Over the last two years, out of the 32,675 tax claims that had been queried by taxpayers almost half, 16,120, of the claims were dropped altogether by HMRC

HMRC is ramping up action against tax defaulters while the end of the winding up ban at the end of September will be a shock for some businesses protected by pandemic measures, warns Sushil Patel, director, restructuring advisory, Kroll

In our weekly Q&A, Croner Taxwise tax adviser Faz Zaheer examines how the super-deduction capital allowance works and essential compliance issues