Tax Revenue from Savings Triples, Reaching £3.4 Billion
Rising interest rates and a frozen personal savings allowance contribute to a significant surge in tax charges on savings, prompting calls for ending the allowance freeze to alleviate the burden on responsible savers.
HMRC Plans 30% Reduction in Phone Line Access
HMRC's strategy to decrease phone-based assistance by 30% within two years aims to adapt to growing demand and resource constraints, promoting online services for more efficient and specialised taxpayer support.
£3.6m Company Car Tax Appeal Won Against HMRC
The article highlights a recent Upper Tribunal judgment favoring construction companies, Laing O’Rourke Services Limited and Willmott Dixon Holdings Limited, in a dispute over National Insurance Contributions (NICs) repayment for specific car allowances. Laing's appeal was allowed, HMRC's was dismissed,...
Brace Yourself for HMRC’s New Interest Rates – Highest Since 2001
This article discusses the recent increase in late payment and repayment interest rates to 7.5% and 4%, respectively, following the Bank of England's base rate rise to 5%, with implications for various tax bills and the likelihood of further adjustments...
New Era of UK Rentals with the HMRC Landlord Database: Renters’ Reform Bill
This article covers the Renters (Reform) Bill, introducing the HMRC Landlord Database. It mandates residential landlords to register, pay a fee, and obtain unique identifiers, enhancing transparency and tax enforcement.
Cracking Down on Airbnb Tax Evasion: HMRC’s Latest Measures
This article covers HMRC's investigation into six years of income disclosure for UK Airbnb hosts, emphasising compliance with tax obligations. Hosts receiving letters are urged to voluntarily disclose undeclared income through HMRC's Digital Disclosure Service, with penalties based on cooperation.
Estate Administration and Inheritance Tax in the UK
Learn about how you can ensure the safe inheritance of assets while making sure entire process will go smoothly with our guide on Inheritance Tax.
A Case Review of Hora Tevfik v The Commissioners for Her Majesty Revenue
This article talks about a pivotal June 1, 2023 analysis that meticulously explores the intersection of property law and taxation, shedding light on its far-reaching impact on Homes with Multiple Occupation (HMOs). Delving into Capital Allowances, Multiple Dwellings Relief, and...
Derelict Property Determination: A Review of P N Bewley v HMRC
Find out how the refund claim on a derelict property played out in the case between P N Bewley LTD and HMRC.
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