Tax compliance

Tax | Is it time to regulate the tax advisory market?

The lack of regulation of accountants and tax advisers leaves taxpayers at risk from rogue operators, but there are options to tighten up oversight, argues John Cullinane, director of public policy, Chartered Institute of Taxation

22 Mar 2023

Tax

Tax compliance

Tax | Inheritance tax take hits record £6.4bn

Inheritance tax (IHT) receipts in February totalled £531m, bringing in a record for the year so far at £6.4bn

21 Mar 2023

Tax | Q&A: breaching national minimum wage rates

In this week’s Q&A, Croner-i experts explain the April increases to national minimum wage rates and how to avoid breaching the rules

21 Mar 2023

Tax

Employment tax

Tax compliance

Tax | Celebrity Big Brother star loses £1m tax appeal

A former Celebrity Big Brother contestant has lost a First Tier Tribunal (FTT) appeal over capital gains tax totalling £1m related to his residency in the UK

20 Mar 2023

Tax | Accountants can payroll BIK expenses for clients

HMRC plans to allow tax agents to run payroll benefits in kind (BIK) on behalf of clients for the first time

17 Mar 2023

Tax

Employment tax

Tax compliance

Tax | Budget 2023: capital gains tax avoidance loophole closed

The government will tighten up the rules when an asset is disposed of under an unconditional contract so that HMRC has up to four years to investigate taxpayers

16 Mar 2023

Tax | Flooring contractor wins £90k VAT appeal

The director of a flooring company has won a First Tier Tribunal (FTT) appeal over VAT assessments totalling £90,753 related to whether VAT had been deliberately evaded by the company

16 Mar 2023

Tax | Court of Appeal dismisses £250k stamp duty appeal

The Court of Appeal has dismissed an appeal for stamp duty land tax (SDLT) totalling £250,000 for a complex property purchase

15 Mar 2023

Tax | HMRC targets overseas corporate property owners

HMRC is sending letters to overseas entities that have registered on the UK’s Register of Overseas Entities (ROE) warning them that they need to report all UK tax liabilities

15 Mar 2023

Tax | Capital gains tax allowance slashed to £6,000 from 6 April

There are only a few weeks left until the capital gains tax annual exemption is halved to £6,000 bringing 250,000 taxpayers into scope from 2023-24 tax year

13 Mar 2023

Tax | Promoters of tax avoidance to face criminal charges

Tax advisers promoting tax avoidance schemes are likely to face criminal action as Chancellor plans to introduce tough legislation in the Budget

13 Mar 2023

Tax | R&D tax fraud needs to be stamped out

HMRC and the government need to take urgent action to clamp down on the prevalence of R&D tax fraud and reform the rules, says Lord Leigh of Hurley, chair of the Finance Bill Sub-Committee

13 Mar 2023

Tax | Taxpayer ‘careless’ in £58k VAT penalty appeal

An export company made a careless error, not a deliberate one, in its VAT return, resulting in cancellation of £58,000 VAT penalty

10 Mar 2023

Tax | HMRC warning to check super-deduction reporting errors

HMRC has sent letters to businesses advising them to check their super-deduction reporting to ensure they have not claimed for lease related transactions

10 Mar 2023

Tax | Former accountant submitted £24k fake EIS claims for client

A taxpayer has won an appeal after his former accountant fraudulently claimed enterprise investment scheme relief (EIS) without his knowledge

9 Mar 2023

Tax | HMRC clarifies guidance on IR35 off-payroll working rules

In line with IR35, HMRC has issued a set of guidance for off-payroll working for intermediaries and contractors providing services to small clients in the private or voluntary sectors

8 Mar 2023

Tax | Is it time to regulate the tax advisory market?

Tax | Inheritance tax take hits record £6.4bn

Tax | Q&A: breaching national minimum wage rates

Tax | Celebrity Big Brother star loses £1m tax appeal

Tax | Accountants can payroll BIK expenses for clients

Tax | Budget 2023: capital gains tax avoidance loophole closed

Tax | Flooring contractor wins £90k VAT appeal

Tax | Court of Appeal dismisses £250k stamp duty appeal

Tax | HMRC targets overseas corporate property owners

Tax | Capital gains tax allowance slashed to £6,000 from 6 April

Tax | Promoters of tax avoidance to face criminal charges

Tax | R&D tax fraud needs to be stamped out

Tax | Taxpayer ‘careless’ in £58k VAT penalty appeal

Tax | HMRC warning to check super-deduction reporting errors

Tax | Former accountant submitted £24k fake EIS claims for client

Tax | HMRC clarifies guidance on IR35 off-payroll working rules

Technical Alerts

Direct Tax | Crackdown on directors who dissolve companies to evade debts

Direct Tax | LITRG comments on basis period reform

Direct Tax | HMRC publish vision for the future

Direct Tax | HMRC stakeholder digest update

Direct Tax | CIOT shares Lords committee’s worries about tax reporting reform

Direct Tax | OTS publishes everyday tax evaluation paper

Direct Tax | HMT updates tax summary information guidance

Direct Tax | HMRC update compliance checks factsheet

Direct Tax | Agent Update: Issue 91

Direct Tax | HMRC update money laundering supervision guidance

Direct Tax | Scotland publishes Framework for Tax

Direct Tax | Case report: Double tax relief claims were valid

Direct Tax | SI 2021/1447 – The Double Taxation Relief and International Tax Enforcement (Taiwan) Order 2021

Direct Tax | Bank and Building Society Interest returns: Bulletin December 2021

Direct Tax | HMRC remind taxpayers to declare Covid-19 grants

Direct Tax | BEPS: OECD releases 2020 peer review assessments