Having £7,500 in a non #ISA, 3y fixed rate #savings account paying 4.51% would pay out £1k interest at maturity if compounded annually-taking a basic-rate #taxpayer over their Personal Savings Allowance. Higher-rate taxpayers only have a £500 allowance. #HMRC #tax #selfassessment

scores of #SEN parents will no longer be able to afford their private #school fees as they are hiked to absorb the additional #VAT & this is incompatible with the #EU Convention on #HumanRights because it results in discrimination in access to #education. #Labour #UK #tax #law

A static #caravan owner was told he could claim back the #VAT for building work by an #HMRC advisor but lost the appeal - incorrect advice was given by HMRC. #tax #taxman

A construction business’s heavy reliance on #NHS contracts left it with cashflow difficulties during the #covid19 #pandemic, which the tribunal agreed was a reasonable excuse for late payment of #VAT and cancelled £250k surcharge bill. #HMRC #tax AccountingWEB.co.uk

"#HMRC has a strategy for tackling all forms of non-compliance, including those caused by taxpayer mistakes but does not have a specific focus on tackling evasion." We have seen an increase in Personal Liability Notices to directors where they liquidate #companies with #tax debts

#UK's richest plumber is selling his #London penthouse to save inheritance #tax. 'I'll have no investments here, no bank account...I think my last tax bill is January and that's me done." GB is on track to lose 9,500 #millionaires this year, more than any country except #China.

The #iPhone maker has no more avenues of appeal as the #EU's top court said its decision, which has taken 8y, was final. The #company's effective corporate #tax rate on its EU profits dropped from 1% in 2003-0.005% by 2014. #Apple said there was no special deal in #Ireland.

73% of mums of children with Special Educational Needs & Disabilities think the system is broken. Parents are reducing hours/leaving jobs to cope. #VAT should not apply to ALL #SEND children in private #school-not just EHCP? Bridget Phillipson Keir Starmer Rachel Reeves #education

#HMRC has not resolved a problem for #graduates with #studentloans who complete #selfassessment & receive benefits in kind not liable to Class 1 #NIC eg dental, medical, cycle to work. This means that some are overcharged student loan repayments on their #tax returns. #employees

#Shop owner hiding £150k profit from #HMRC loses #VAT appeal for assessments + deliberate penalties. The issues related to matters that he had direct control over as a #director & the mortgage payments & expenses directly benefited him. #tax #wine #retail accountancydaily.co/shop-owner-hid…

Mainpay lost again at Tribunal re travel & subsistence. The UT say reasonable care was not taken, despite using an accountant, a #lawyer from a reputable firm-Mischon de Reya & a #tax adviser bc they did not give the relevant info to the advisers. #HMRC contractoruk.com/news/0016525ma…

#HMRC has sacked 179 #employees for gross misconduct in 2024-the highest number in 5y. It covers bullying, theft, intoxication, damage to property, negligence, unlawful disclosure of sensitive #taxpayer information or #fraud using government systems. #tax #selfassessment #taxman