Tax

Private debt collectors working on behalf of HMRC have collected £498 million in tax debts in the year ending March 2022.

The High Court in Birmingham has upheld the validity of the will being disputed having been witnessed through a car window in the early days of the pandemic.

HMRC has issued a statement saying that it is aware of a tax avoidance scheme being marketed as a tax planning option available to help fund the cost of education fees

Almost 10 years ago HMRC launched a disclosure facility aimed at individuals who had received property income, in the UK or abroad, but had failed to disclose this in their tax returns

The Belgian Data protection authority has declared unlawful, and decided to prohibit, the transfers of personal data of Belgian “Accidental Americans” by the Belgian Federal Public Service Finance (FPS Finance) to the US tax authorities under the intergovernmental FATCA agreement

The UK government’s plan to take people with Pay As You Earn (PAYE) linked earnings of between £100,000 and £150,000 per annum and no other substantive sources of income, out of the Self-Assessment Tax Return system will result in many taxpayers in this bracket overpaying taxes, tax and advisory firm Blick Rothenberg has warned

Whilst many cryptoasset investors describe themselves and their peers as having “diamond hands”, it may be of note to these individuals that some of those diamonds will be of interest to the UK taxman

New research from a group of current and former private wealth practitioners has revealed major challenges in how the private wealth industry approaches tax, saying it “is politically biased, ethically compromising and failing clients”

International law firm RPC is launching Tax Take +, a free go-to platform for accountants and tax advisers featuring guidance notes, news stories, podcasts, webinars, vlogs and an interactive chat function

Inheritance tax (IHT) is a complicated subject as we have already seen in previous articles, but one of the more complex areas can be the interaction with business assets, particularly when considering the family business