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Tax is due on interest element of PPI comp
Tax is not typically due on the repayment element of compensation paid to taxpayers who were mis-sold payment protection insurance (PPI), but the additional interest on such payments is taxable. Basic advice on the matter has been issued by the Revenue, which says most payments of interest will come within the circumstances described. read more

Informal VAT concession made obsolete
HMRC have explained their policy on claims for VAT on goods on hand at registration that are received from persons who were previously registered for VAT, de-registered and have now re-registered. read more

Ex-Pompey duo's evasion case kicks off
Tottenham Hotspur boss Harry Redknapp is the man getting all the publicity, so it was easy to forget yesterday that businessman Milan Mandaric is on trial alongside him, writes Richard Curtis, who was at Southwark Crown Court. read more

New high as 81% of SA returns filed online
A total of 9.45 million self assessment (SA) tax returns were filed on time this year – the equivalent of 90.4% of taxpayers – and a record 7.65 million, 80.9% of all submissions, were done so digitally, HMRC have announced. read more

Alpine tax ‘amnesty’ to run for extra year
The Liechtenstein disclosure facility (LDF) has been extended for a year, after being consolidated by the signing of taxation agreement (DTA). read more

Record checks put on hold for retooling
HMRC have put a temporary halt on their scrutiny of small firms’ record-keeping, following much criticism by businesses and tax experts. read more

Dismay as ESC 16 is given legislative effect
The tax sector has expressed its displeasure at the creation of a new law that restricts a concession for small firms. read more

Builders 'submit most inaccurate returns'
With today’s arrival of the traditional deadline for self assessment tax returns, builders will make more mistakes and false claims than any other tradesperson or professional, according to advisers. read more

Union action leads to extra time for SA
The final date for self assessment (SA) tax returns has been extended to 2 February, as thousands of HMRC call centre employees prepare to stay away from work on the traditional deadline day. read more

Alpine tax ‘amnesty’ to run for extra year
The Liechtenstein disclosure facility (LDF) has been extended for a year, after being consolidated by the signing of taxation agreement (DTA). read more

New high as 81% of SA returns filed online
A total of 9.45 million self assessment (SA) tax returns were filed on time this year – the equivalent of 90.4% of taxpayers – and a record 7.65 million, 80.9% of all submissions, were done so digitally, HMRC have announced. read more

Tax is due on interest element of PPI comp
Tax is not typically due on the repayment element of compensation paid to taxpayers who were mis-sold payment protection insurance (PPI), but the additional interest on such payments is taxable. Basic advice on the matter has been issued by the Revenue, which says most payments of interest will come within the circumstances described. read more

Ex-Pompey duo's evasion case kicks off
Tottenham Hotspur boss Harry Redknapp is the man getting all the publicity, so it was easy to forget yesterday that businessman Milan Mandaric is on trial alongside him, writes Richard Curtis, who was at Southwark Crown Court. read more

Alpine tax ‘amnesty’ to run for extra year
The Liechtenstein disclosure facility (LDF) has been extended for a year, after being consolidated by the signing of taxation agreement (DTA). read more

Taxman powers up to take on PAYE dodgers
HMRC have been imbued with a new power to tackle businesses that are highly likely to evade their employment tax obligations. And the taxman is to launch a campaign against failure by high-earners to submit returns. read more

Builders 'submit most inaccurate returns'
With today’s arrival of the traditional deadline for self assessment tax returns, builders will make more mistakes and false claims than any other tradesperson or professional, according to advisers. read more

UK faces EC action over mistaken-tax rule
The European Commission is to refer the UK to the European Court of Justice for abolishing the law concerning the remedy for repayment of taxes paid in mistake, without proper transitional rules. read more

Record checks put on hold for retooling
HMRC have put a temporary halt on their scrutiny of small firms’ record-keeping, following much criticism by businesses and tax experts. read more

Support handed to online VAT newbies
HMRC have published guidance for small firms unsure of their obligations to filing VAT returns online. All VAT-registered businesses, with a minority of exceptions, will have to submit their documents and pay the tax due digitally from 1 April, whatever their size and turnover. read more