Tax

Tax | Morrisons wins £1m VAT Nakd bar appeal

Supermarket chain Morrisons has won an appeal at the Upper Tribunal over a disputed VAT bill about zero rating on Nakd and Organix snack bars

26 Jan 2023

Tax

VAT

HMRC

Tax compliance

Tax | Small business tax debt grows, warns HMRC chief

The level of small business tax debt is growing as companies struggle with economic downturn, HMRC chief tells MPs

26 Jan 2023

Tax | Self assessment puts accountants under pressure

Accountants are being forced to turn away thousands of taxpayers who are yet to file their self assessment tax returns, despite the deadline being less than a week away

25 Jan 2023

Tax | Chattels, wasting assets and capital gains tax

Certain assets such as plant, watches and paintings valued below £6,000 are exempt from capital gains tax but there are some restrictions, explains Chris Thorpe, technical officer at CIOT

25 Jan 2023

Tax | HMRC wait time hits 27 minutes for tax return calls

Following criticism of long wait times for taxpayers to get through to call centres, HMRC admitted that the average wait time has doubled to 27 minutes, but said home workers did not affect performance

25 Jan 2023

Tax | HBOS and Lloyds win £10m VAT interest case

HBOS and Lloyds Banking Group have won an appeal at the Upper Tribunal over a demand for VAT interest repayments following a legislative error

25 Jan 2023

Tax | Top tips for filling your tax return

Dawn Register, tax partner at BDO has put together 12 top tips to help you complete your tax return in time for 31 January deadline

24 Jan 2023

Tax | 3.4m still need to file tax return

Around 3.4 million people are yet to file their self assessment tax returns, despite there being less than a week to go before the deadline

24 Jan 2023

Tax | Call for tax on super rich to tackle inequality

The global super rich should be charged taxes as high as 70% to help tackle growing inequality, according to economist Joseph Stiglitz

24 Jan 2023

Tax | Q&A: divorce and capital gains tax on property sale

In this week’s Q&A, Amaira Badat, tax adviser at Croner-i, considers the capital gains tax implications when a divorcing couple has several properties

24 Jan 2023

Tax | Tax take hits £553bn as threshold freeze bites

Total tax receipts have hit £553.2bn so far this year, up £48bn on the same period a year earlier, with a £1.7bn boost from the windfall tax on energy producers

24 Jan 2023

Tax | PM orders ethics probe into Zahawi’s tax affairs

Rishi Sunak has asked his independent ethics adviser to investigate former chancellor Nadhim Zahawi’s tax affairs as ‘questions need answering’

23 Jan 2023

Tax | 40% taxpayers set to increase by 1.1m

HMRC expects over a million more people to be caught by higher rate 40% tax within four years

23 Jan 2023

Tax

Personal tax

Tax | Investment will drop without super-deduction tax break

The head of the CBI is calling on government to focus on providing tax breaks for businesses to encourage investment and support the stalling economy

23 Jan 2023

Tax | Top 20% pay two thirds of all income tax

Over half of individuals live in households which receive more in benefits, including ‘benefits in kind’ such as health and education spending, than they paid in taxes

23 Jan 2023

Tax

Personal tax

Tax | Marketing agency loses £283k VAT appeal

A marketing company has lost a First Tier Tribunal (FTT) appeal over VAT assessments and penalties

23 Jan 2023