Category: Uncategorized

Amazon paid £781m in UK taxes – The UK division of Amazon paid £781m in corporation and employer national insurance in 2022, up £130m on the previous year

Property sales down 20% in 2023 – performance in April worse with 30% drop in sales shows HMRC estimates for UK residential property transactions for April 2023 – ‘paint a bleak picture for UK property market

HMRC slaps £2.9m in fines for money laundering abuse – Over 240 businesses have been fined for breaches of anti-money laundering rules with fines of nearly £3m issued between July and December 2022

Property developer loses £2.79m tax case – A property developer has lost an appeal at the Upper Tribunal over a dispute with HMRC over withholding tax on £2.79m in income earned from interest

How to protect yourself as fraudsters target taxpayers – rising level of scammers posing as HMRC means accountants need to ensure their clients are able to resist attack, explains Stuart Miller, head of product compliance

Over £500m paid in tax-free childcare – More than 650,000 families used tax-free childcare in 2022-23, accounting for more than £533m in financial support

Accountant loses £78k tax appeal – An accountant has lost an Upper Tribunal case against a notice of requirement (NOR) to pay security for PAYE and national insurance contributions (NICs) totalling £78,000

IOSCO plans global rules for cryptoassets including protection for investors and integral role for #auditors, with requirement for annual audit, internal control report and independent review of adequacy of CASPs’ policies and procedures

Residential properties and tax liability – beyond main home principal private residence relief does not apply so taxable up to 28% CGT – PPR costs Treasury £25bn a year so valuable relief

Electrical blinds are not tax deductible – VAT guidance updated – as soon as an electric mechanism is used to operate the blind full rate 20% VAT is payable by developers and builders