Tax

The Federation of Small Businesses (FSB) has urged the UK government to consider removing the “barrier to growth” many small businesses are faced with by raising the VAT threshold. FSB's new paper, "VAT for Small Businesses", suggests revamping the VAT system could be the key to unlockin

Ahead of today's Scottish Budget, the Chartered Institute of Taxation (CIOT) and Institute of Chartered Accountants of Scotland (ICAS) have called on the Scottish and UK governments to use the tenth anniversary of the Smith Commission next year to review the implementation of Scotland’s devol

New powers enabling councils to charge up to double the full rate of council tax on second homes have been agreed by the Scottish Parliament. Councils will be able to increase the charges from 1 April 2024, with rates for the first year being based on those from 2023-24.

The Chartered Institute of Taxation (CIOT) has voiced continued concerns over HMRC's approach to managing research and development (R&D) tax relief compliance.

Tax experts have voiced concern following an HMRC announcement that its self-assessment helpline and dedicated agent line will focus on "priority queries" in the run-up to the filing deadline. Customers with "queries that can be quickly and easily resolved online" will be directed to use HMRC's onli

Plant hire company GAP Group Limited has succeeded in an appeal against HMRC relating to the rate of VAT charged on red diesel provided in plant equipment for hire.

Scottish TV presenter Kaye Adams has won a nine-year battle with HMRC over her income tax and national insurance contributions while working for the BBC. The First-Tier Tribunal Tax Chamber yesterday ruled that Ms Adams was correctly classed as a self-employed worker rather than as a BBC employee.

Dundee-based games development company Konglomerate Games has become a standout in the health gaming industry, with astute tax guidance from Henderson Loggie. The company has adeptly utilised the UK's video games tax relief (VGTR), which allows developers to claim up to 20% of production costs, fuel

HM Revenue & Customs (HMRC) is bracing for a surge in taxpayer queries and potential operational strain as an estimated 1.2 million individuals have found themselves liable for tax on savings interest due to increased earnings and higher savings rates.

More businesses expect taxes to rise rather than fall after the next general election, according to the latest research from accountancy and business advisory firm BDO. BDO’s survey of more than 500 mid-market businesses, conducted ahead of the upcoming Autumn Statement, scheduled for 22 Novem

A new regulation has come into effect requiring Scotland’s 29,000 taxi and private hire drivers to undergo HM Revenue and Customs (HMRC) tax checks as a prerequisite for the renewal of their operating licences. The new measure aims to foster tax compliance within the taxi and private hire indu

Scottish businesses stand at risk of losing up to £100 million this year, a consequence of non-compliance with newly instated requirements for research and development (R&D) tax relief claims, an R&D tax relief expert has warned. “The unclaimed £100m should be invested

With HMRC forecasting that 283,400 estates will face inheritance tax (IHT) by 2028, Wylie & Bisset has urged clients to seek an early assessment of their IHT exposure and plan ahead. This forecast comes in the wake of Chancellor Jeremy Hunt's decision to maintain the IHT threshold at £325,

The proposed introduction of Making Tax Digital (MTD) for Income Tax Self-Assessment (ITSA) by April 2026 has drawn significant concerns from tax professionals, according to a survey conducted by the Chartered Institute of Taxation (CIOT) and the Association of Taxation Technicians (ATT).

Newly released figures have revealed that the UK government's decision to freeze the inheritance tax threshold could affect almost four times more families than initially expected. The forecast by the HMRC suggests that 49,400 estates will face inheritance tax by 2028, significantly higher than the