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Tuffnells Parcel business collapses
Haulage business Tuffnells Parcels Express has gone into administration putting over 2,000 staff out of work Sara White, Editor,...
Sara White
Aug 16, 20232 min read


Taxpayer loses £1.4m tax case over late payment
The Court of Appeal has ruled that a taxpayer did not have a reasonable excuse for not paying a £14m tax bill on time and upheld a £1.4m...
Max Austin
Aug 15, 20234 min read


HMRC gives offshore tax evaders disclosure break
UK residents who were named in the leaked Pandora Papers which revealed extensive tax evasion are being given the chance to correct their...
Sara White
Aug 14, 20233 min read


Fair value disclosures need to be more transparent
The challenging economic environment and climate change risks may increase the degree of estimation uncertainty and management judgment...
Sara White
Aug 11, 20232 min read


When zero tax is payable on property income
Philip Spencer FCA, senior tax writer, Croner-i explains the scenarios where tax is not chargeable on residential and commercial property...
Philip Spencer
Aug 10, 20236 min read


HMRC extends National Insurance top-up deadline to 2025
Taxpayers will now have an extra two years to make additional payments to their National Insurance (NI) contributions to increase state...
Max Austin
Aug 10, 20232 min read


Oil and gas windfall tax could be scrapped
The energy profits levy, which puts a marginal tax rate of 75% on North Sea oil and gas production, will remain in place for the next...
Sara White
Aug 4, 20232 min read


Self assessment tax helpline closed for three months
HMRC is planning to close the self assessment tax helpline for three months over the summer to focus call centre resources on dealing...
Sara White
Aug 3, 20233 min read


HMRC launches VAT self service time to pay
HMRC has confirmed that businesses can now set up a payment plan online if they owe less than £20,000 in unpaid VAT. Sara White, Editor,...
Sara White
Aug 2, 20231 min read


One in four UK business owners fast track their exit strategies
Two in three UK business owners are currently considering an exit strategy as fears grow about higher taxes depending on the result of a...
Sara White
Aug 1, 20232 min read


School fee scheme breaks tax rules
Parents using tax avoidance schemes to offset private school fees are being warned by HMRC that the schemes do not work. Sara White,...
Sara White
Jul 31, 20232 min read


Employee share incentive plans up for review
The government plans to overhaul schemes offering people shares in their employer to simplify the application process and review cost of...
Sara White
Jul 14, 20233 min read


HMRC issues scam warning to tax credits claimants
Tax credit claimants need to be on their guard against fraudsters, as HMRC warns of increasing use of text messages by scammers. Sara...
Sara White
Jul 13, 20233 min read


Redundancy protection extended for parents
Parents and unpaid carers are due to receive new employment rights which will grant them extra protection from redundancy while on...
Max Austin
Jul 12, 20232 min read


Charities Act 2022 changes from 1 June
The Charity Commission has clarified changes to the Charities Act 2022 including rules on selling or leasing charity land and use of...
Sara White
Jul 11, 20232 min read


HMRC advisory fuel rates for company car users from 1 June 2023
HMRC has published the latest advisory fuel rates (AFR) for company car users, effective from 1 June 2023, cutting diesel rates. Sara...
Sara White
Jul 7, 20231 min read


Self assessment threshold rises to £150k
HMRC has confirmed that from tax year 2023 to 2024 onwards, the self assessment threshold for taxpayers taxed through PAYE only, will...
Sara White
Jul 6, 20231 min read


CPS calls for mileage tax on electric cars
Electric vehicle drivers should be charged on a pay as you go basis for every mile driven to ensure they contribute to the tax coffers....
Sara White
Jul 5, 20233 min read


Electrical blinds are not tax deductible
HMRC has clarified the rules on claiming VAT relief on the installation of electrical blinds in building projects. Sara White, Editor,...
Sara White
Jul 4, 20232 min read


Residential properties and tax liability
From principal private residence relief to inheritance tax and capital gains tax, home owners need to keep up to speed with tax...
Chris Thorpe
Jul 3, 20234 min read
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