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Tax | Taxpayers need to comply with Scottish S tax code by 4 April

In less than a fortnight, Scottish taxpayers will start to pay the Scottish rate of income tax (SRIT), which means that each resident Scottish taxpayer will be issued with an S tax code prefix effective 6 April

21 Mar 2016

Leadership & Management

Careers

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Business | Apprenticeship standard for accountancy profession launched

The Big Four, along with other accounting firms, professional bodies and training providers, have come together to develop a new apprenticeship standard for the audit, accountancy and tax professions, designed to provide school leavers with an additional route into the profession from April 2016

21 Mar 2016

Business

Accountancy Firms

Leadership & Management

Careers

Image for budget 2016 english votes english laws income tax

Tax | Budget 2016: English votes for English laws on income tax

As announced at Budget 2016, legislation will be introduced in Finance Bill 2016 to enable the 'English votes for English laws' procedure to apply to the UK main rates of income tax in light of new devolved tax powers for Scotland

21 Mar 2016

Business | Jail for takeway owner over unpaid £165k tax bill

A Leicestershire takeaway owner who disguised his weekly takings and failed to declare rental income to his accountant as part of a £165,000 tax fraud has been jailed for 28 months, following an HMRC investigation

21 Mar 2016

Business

Called to Account

18 Mar 2016

Image for dodwell neutral budget raises yet more tax complexity

Tax | Dodwell: neutral budget raises yet more tax complexity

Budget 2016 is a complex mixture of tax changes in the first revenue-neutral Budget of the parliament with some surprising decisions from the decision to cut CGT rates to a new Lifetime ISA for under 40s and a raft of BEPS measures including tougher interest deductibility rules, says Bill Dodwell, head of tax policy at Deloitte

18 Mar 2016

Tax | Marriage allowance fails as take-up stands at one in ten

One of the government’s flagship family-friendly tax policies, the introduction of the Marriage Allowance for lower income couples, is floundering because of the difficulties taxpayers are experiencing in making a claim, according to analysis prepared by the Office for Budget Responsibility (OBR)

18 Mar 2016

Tax

Personal Tax

Tax Compliance

Image for budget 2016 ps10bn tax boost business

Tax | Budget 2016: £10bn tax boost for business

In a Budget designed to stimulate business, the Chancellor announced a series of measures worth an estimated £10.8bn over the parliament to support small to medium-sized companies (SMEs), in particular, including cuts to capital gains tax (CGT) and corporation tax, an extension of entrepreneurs’ relief and a reduction in business rates

18 Mar 2016

Business | Treasury names Nick Macpherson successor

Tom Scholar has been named as the new permanent secretary to the Treasury, succeeding long-time postholder Sir Nick Macpherson who is leaving the role at the end of this month

18 Mar 2016

Tax | Budget Insight 2016 report

Brought to you by the Wolters Kluwer in-house team of tax writers, the Budget Insight 2016 report provides free, expert commentary on the recent UK Budget proposals. Including useful links and tables, it is written to help you assess the impact of the Budget proposals on your own or your clients’ businesses and tax liabilities, so that you can confidently offer advice

18 Mar 2016

17 Mar 2016

Tax | Budget 2016: employer NICs on termination payments from 2018

The announcement in the Budget that the government intends to clarify and tighten the rules about the taxation of termination payments is set to bring in over £1bn over the course of this parliament, according to Treasury estimates.

17 Mar 2016

Tax | Budget 2016: what you need to know about reduction in capital gains tax rates

Gill Tallon, partner and private client specialist at Mercer & Hole, examines the impact of the surprise reduction in capital gains tax (CGT) rates in Budget 2016, considering options for investors to review their tax liability, plus the impact on distributions from offshore trusts

17 Mar 2016

Tax | Budget 2016: plans to target non-UK online VAT evasion

Online marketplaces such as Amazon and eBay could find themselves held liable for VAT fraud committed by non-compliant sellers in some circumstances, as a result of new measures outlined in the Budget designed to crack down on VAT evasion by overseas online sellers, which the Treasury estimates is costing between £1bn and £1.5bn a year in lost tax revenues

17 Mar 2016

Tax | Budget 2016: VAT threshold raised to £83k

Around 2,000 small businesses will benefit from the uprating of the VAT registration and deregistration thresholds announced in the Budget, which have been increased in line with inflation

17 Mar 2016

Tax | Budget 2016: changes to company car tax and boost for classic cars

There is good news for classic car owners in this year’s Budget, as the government is to introduce legislation to put the exemption from Vehicle Excise Duty (VED) for older cars on a permanent basis, so that from 1 April each year vehicles constructed more than 40 years before the 1 January of that year will automatically be exempt from paying the tax

17 Mar 2016

Tax | Budget 2016: air passenger duty set to rise by inflation

Airline operators’ and travel agents’ hopes that the Chancellor would use his Budget to declare a cut in the rate of air passenger duty (APD) have been dashed, with the announcement that for the tax years 2016 to 2017 and 2017 to 2018 the levy will increase in line with the Retail Price Index (RPI), as previously announced

17 Mar 2016

Tax

Personal Tax

Budget

Tax | Budget 2016: £71m to improve HMRC service levels

Budget documents reveal the government is planning to invest £71m to improve the service provided by HMRC to individuals and businesses, in the wake of ongoing severe criticism of the department’s contact centre performance levels

17 Mar 2016

Business | Begbies Traynor wins contract to improve NI insolvency process

Northern Ireland’s department of enterprise, trade and investment (DETI) has brought in Begbies Traynor to help manage record levels of individual and corporate insolvency which resulted in unprecedented levels over the past six years as the economy emerges from recession

17 Mar 2016

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Latest news

Tax | Taxpayers need to comply with Scottish S tax code by 4 April

Business | Apprenticeship standard for accountancy profession launched

Tax | Budget 2016: English votes for English laws on income tax

Business | Jail for takeway owner over unpaid £165k tax bill

Tax | Dodwell: neutral budget raises yet more tax complexity

Tax | Marriage allowance fails as take-up stands at one in ten

Tax | Budget 2016: £10bn tax boost for business

Business | Treasury names Nick Macpherson successor

Tax | Budget Insight 2016 report

Tax | Budget 2016: employer NICs on termination payments from 2018

Tax | Budget 2016: what you need to know about reduction in capital gains tax rates

Tax | Budget 2016: plans to target non-UK online VAT evasion

Tax | Budget 2016: VAT threshold raised to £83k

Tax | Budget 2016: changes to company car tax and boost for classic cars

Tax | Budget 2016: air passenger duty set to rise by inflation

Tax | Budget 2016: £71m to improve HMRC service levels

Business | Begbies Traynor wins contract to improve NI insolvency process