Issue : Vol 196, Issue 5014

Accuracy of automatic penalties questionable

Tricky conditions

Happy motoring?

Slight sweetener

A year of rumours

Time to give – tax efficiently

Pressure cooker of taxes

Changes to custom duties in the EU and UK.

Negligible value claim

Pre-trading or present expenditure

VAT

Travel compensation

Taxpayers collectively spent 558 years calling HMRC last year, according to UHY Hacker Young. The average waiting time was 18 minutes, which is an improvement on the average 23-minute wait the...

Investors will be deterred from investing in venture capital trusts (VCTs) next year as a result of the government’s plans to cut income tax relief on VCTs from 30% to 20% from April 2026. In a...

An overseas establishment of a business that is VAT grouped in the UK should be treated as part of that VAT group, even when located in an EU member state that does not operate whole entity VAT...