Tax News

IMPORTANT – HMRC “hand brake turn” on Double Cab Pick Ups.

IMPORTANT – HMRC “hand brake turn” on Double Cab Pick Ups.

Date posted: 13th Feb 2024

Disclaimer: Further guidance on the tax treatment of double cab pickups has been provided, HMRC have reversed the decision to change the rules from 1 July 2024. You…

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Commercial vehicle tax updates

Commercial vehicle tax updates

Date posted: 13th Feb 2024

WHEN IS A VAN NOT A VAN? HMRC are being urged to provide clarity and consistency on the tax treatment of commercial vehicles such as VW Kombi vans…

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HMRC’s latest area of interest – undeclared dividend income

HMRC’s latest area of interest – undeclared dividend income

Date posted: 12th Feb 2024

We understand that HMRC have issued a number of “nudge” letters aimed at those that may be undeclaring dividend income. These are sometimes known as “One to Many”…

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How Artificial Intelligence is assessing the risk of tax evasion by businesses

How Artificial Intelligence is assessing the risk of tax evasion by businesses

Date posted: 12th Feb 2024

We are increasingly hearing more and more about artificial intelligence (AI) and how its use can change our way of working both now and in the future. AI…

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Payrolling benefits in kind

Payrolling benefits in kind

Date posted: 12th Feb 2024

Employers can opt to deal with taxable benefits in kind through the payroll (known as ‘payrolling’) rather than reporting them to HMRC after the end of the tax…

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Property expenditure – revenue or capital?

Property expenditure – revenue or capital?

Date posted: 12th Feb 2024

Work may be undertaken on a property to repair it or to improve it and it will not always be clear where the dividing line falls. The distinction…

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Capital gains tax reporting of residential property disposals – reminder

Capital gains tax reporting of residential property disposals – reminder

Date posted: 12th Feb 2024

Since April 2020, where capital gains tax (CGT) is payable on the disposal of a UK residential property, this must be paid (and declared) within a certain number…

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The Self Assessment deadline has passed – what happens now you’ve missed it?

The Self Assessment deadline has passed – what happens now you’ve missed it?

Date posted: 12th Feb 2024

HMRC estimates that 1.1 million taxpayers missed the deadline for filing their 2022/23 tax return, on 31 January 2024. HMRC will now automatically issue those 1.1 million taxpayers…

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Online income – is this reportable to HMRC?

Online income – is this reportable to HMRC?

Date posted: 22nd Jan 2024

By tax partner, Lee Watson There has been quite a lot of debate, over the past couple of weeks, about the accessing of information by HMRC from websites…

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Payments on account – can you reduce these?

Payments on account – can you reduce these?

Date posted: 22nd Jan 2024

The deadline for filing your 2022/23 tax return is fast approaching (31 January 2024), as is the due date for any balance of tax due for 2022/23 and…

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