Tax

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Final opportunity to register for online self-assessment tax return for 2018/19

Oct 03, 2019

Taxpayers who are looking to file their self-assessment tax return online for the 2018/19 tax year need to have registered for an online account on the HM Revenue & Customs (HMRC) website before Saturday (5 October). With the increase in people ...

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Universities warned that students are vulnerable to tax scams

Sep 30, 2019

With universities across the UK welcoming new and returning students, HM Revenue & Customs (HMRC) has issued a warning about tax scams. The move has been prompted by fears that fraudsters are using what appear to be legitimate university email addresses, ...

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Number of non-doms in the UK has fallen to a record low

Sep 23, 2019

According to figures published by HM Revenue and Customs (HMRC), the number of people who live in the UK but pay no tax on their offshore income has fallen to a record low. Since last year, the amount of tax paid ...

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120,000 businesses failed to meet the Making Tax Digital deadline

Sep 16, 2019

HM Revenue and Customs (HMRC) has revealed that 1.1 million businesses have now signed up for Making Tax Digital (MTD) and so far, 1.2 million VAT returns have been successfully submitted through the service. Figures suggest that 490,000 VAT-registered businesses with ...

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Over £1.6 billion in tax owed to HMRC by self-employed

Sep 05, 2019

According to the latest industry research, HM Revenue & Customs (HMRC) is currently owed £1.6 billion in late tax payments from self-employed individuals for 2017 and 2018. That figure is expected to rise further, meaning that it could become the fourth ...

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Tax Evasion

Thousand-year-old coin collection is the earliest form of tax fraud

Sep 02, 2019

A thousand-year-old collection of Norman coins has been revealed as the earliest form of tax evasion. The coins were discovered by detectorists in a field in the Chew Valley, Somerset in January. The collection of 2,528 coins was buried in a field ...

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HMRC investigates a quarter of estates that pay IHT

Jul 25, 2019

In the 2018 to 2019 tax year, HMRC opened 5,537 inheritance tax (IHT) investigations, which equated to almost a quarter (23 per cent) of the 22,000 estates on which the tax is applicable. IHT is levied at a rate of 40 ...

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Electric car

Everything you need to know about electric company cars and tax

Jul 22, 2019

The number of electric cars in Britain recently hit the 200,000 milestone, indicating that the UK is finally coming round to the inevitable idea of an emission-free future. But why wait until then? Electric car owners are already experiencing the cost-saving ...

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VAT Reverse Charge for building and construction services – What you need to know

Jul 18, 2019

In an attempt to tackle fraud in the construction industry, HM Revenue & Customs (HMRC) is be introducing a domestic reverse charge which will take effect from October 2019. The reverse charge legislation will now place the responsibility on a contractor ...

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HMRC defeated in latest high profile IR35 case

Jul 15, 2019

A radio presenter has become the latest high profile person to win an IR35 tribunal case against HM Revenue & Customs (HMRC). The latest case involved Paul Hawksbee, a presenter on Talksport radio, who appealed an IR35 determination over a £140,000 ...

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