Personal tax

Tax / HMRC to provide more details of tax avoiders

HMRC is to provide more publicly available data about people involved in tax avoidance schemes, after MPs called for greater transparency about the scale of the issues and the amount of tax at risk

Tax / Sleight: Criminal Finances Act fails to stop tax evasion

The corporate offence of failure to prevent the facilitation of tax evasion under the Criminal Finances Act 2017 has not been as effective as HMRC originally expected. David Sleight, criminal litigation partner at Kingsley Napley, asks why there have been so few HMRC investigations two years on

Tax / HMRC wins GAAR ruling on employee shareholder share abuse

The GAAR advisory panel has issued a ruling clamping down on a scheme involving the extraction of cash or value from a company by its directors and shareholders using employee shareholder shares

Tax / Real estate gains and tax liability via offshore CIVs

Changes to tax rules will see UK real estate gains of offshore collective investment vehicles (CIVs) face new tax charges, but there are some exemptions so it is not all bad news for investors. Mark Cawthron LLB CTA explains 

Tax / Q&A: duty to deduct tax and director's loans

In our regular Q&A series from Croner Taxwise, Pras Patel explains how to deduct tax in respect of loan interest payments in three different scenarios

Tax / 681,000 UK taxpayers forced to reschedule payments with HMRC

Well over half a million UK individuals and businesses are so far behind on their tax bills that they have been forced to reschedule their payments with HMRC, with the loan charge a factor

Tax / Contractors using PSCs at risk over IR35 rule change

Freelance contractors are warning of a potential ‘domino effect’ as some of the UK’s largest companies stop using off-payroll workers in advance of the introduction of new IR35 rules in the private sector next April

Tax / Last chance to register for online self assessment tax return for 2018/19

The deadline to register for an online self assessment tax return for 2018/19 falls this weekend on Saturday 5 October, so taxpayers need to act quickly

Tax / Parents warned on deadline for high-income child benefit charge

Saturday 5 October marks the deadline for those hit by the high-income child benefit charge (HICBC) in 2018-19 tax year to notify HMRC, so that they can receive a tax code adjustment

Tax / Dodwell: loan charge review requires judgment of Solomon

The Morse review of the loan charge needs to resolve the problem of disguised remuneration loan schemes effectively, particularly for those facing lower tax bills who entered the shemes without grasping the full tax implications, warns Bill Dodwell CTA (Fellow), head of the Office of Tax Simplification

Tax / Homeworkers: are your expenses being reimbursed correctly?

For the growing number of employers with homeworkers, it is important to ensure that expenses paid for the likes of home insurance and extra heating costs comply with tax rules to avoid an unwanted HMRC inspection. David Redfern, director of DSR Tax Claims, provides some key pointers

Tax / Businesses need urgent clarity on IR35 private sector off-payroll rules

With six months to go until IR35 off-payroll rules for contractors are extended to the private sector, HMRC is coming under fire over the lack of detailed information about liabilities about employment status

Tax / Tax filing deadlines: Oct-Dec 2019

The key HMRC filing deadlines from October to December 2019 including notification of chargeability for income tax/capital gains tax for 2018-19 if not registered for self assessment, loan charge payment deadline and Making Tax Digital for VAT reporting for deferred entry businesses

Tax / Lack of understanding about tax spurs call for education

Accountancy professionals are calling for more education about tax, after research suggested most of the general public do not understand personal tax affairs, with young people in particular having only a very limited grasp of basic principles

Tax / Accounting changes add £17.8bn to government borrowing

The accounting treatment of student loans and a miscalculation in corporation tax revenue has led to a £17.8bn hike in government borrowing reveals analysis by the Office for Budget Responsibility (OBR)
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