Tax

Latest news

Tax | HMRC starts to use merchant acquirer data to monitor card payments

Businesses need to be aware that HMRC is now using data from merchant acquirers detailing the monthly credit and debit card income from UK businesses

15 Apr 2014

Tax | Abolition of SSP refund scheme hits individual care assistants

Plans to abolish the refund scheme for Statutory Sick Pay will hit people who hire carers or support assistants to help them at home

15 Apr 2014

Tax

Employment Tax

Tax Compliance

Tax | Plans to go ahead with simplification of Gift Aid claims

The Treasury has published the outcome of a consultation on proposals to make it easier to claim Gift Aid using online and text messages, including options for enabling donors to complete a single Gift Aid declaration to cover all their donations

15 Apr 2014

Tax | US multinationals hold £1.25 trillion in profits offshore, says Audit Analytics

US multinationals are holding more than $2.1 trillion (£1.25trn) in profits overseas in a bid to avoid domestic income taxes, according to research by Audit Analytics.

11 Apr 2014

Tax | Register for HMRC EU VAT workshop on MOSS changes

HMRC is organising a VAT place of supply of services and VAT Mini One Stop Shop (MOSS) event in London on 2 June 2014 for businesses affected by the reporting changes being introduced on 1 January 2015.

11 Apr 2014

Tax | ECJ ruling on withholding tax in Poland means £3bn plus tax reclaims

A landmark decision by the European Court of Justice (ECJ) has opened the way for investment funds based outside the EU to reclaim billions in withholding tax levied by EU governments. Although the case centred around Poland, the ruling will affect all EU jurisdictions

11 Apr 2014

Tax | Business rates will be reviewed, says government

The government is to review the administration of the business rates systems as part of its commitment to simplifying the tax system and has launched a two-month consultation.

11 Apr 2014

Tax | PAC critical of HMRC’s approach to abuse of tax reliefs

HMRC’s approach to monitoring potential abuse of tax reliefs has come under fire from the Public Accounts Committee (PAC) which said the department should act much more quickly to assess how different tax expenditures change taxpayer behaviour

9 Apr 2014

Tax | HMRC targets taxpayers with undeclared second incomes

HMRC has launched a second incomes campaign, giving an opportunity for individuals to bring their tax affairs up to date if they have additional income that is not taxed through their main job or another PAYE scheme

9 Apr 2014

Tax | Nunn: pensions reform delivers a tax blow

The Budget is now old news as far as the headlines are concerned. The Chancellor George Osborne promised he wouldn’t give us any fireworks, and save for the nugget on pensions, he kept his word

9 Apr 2014

Tax | HMRC updates electronic message service for PAYE employers

HMRC is updating its electronic messaging system, the Generic Notification Service (GNS), for 2014-15 for PAYE notifications for employers.

8 Apr 2014

Tax

Employment Tax

Image for case report how mehjoo decision affects tax advisers

Tax | Case report: how the Mehjoo decision affects tax advisers

Peter Rayney assesses the implications of the Court of Appeal’s refusal to back Mehjoo’s case. The case of Mehjoo v Harben Barker [2004] EWCA Civ 358 has very important implications for the scope of the duty of care owed to clients when giving advice

8 Apr 2014

Tax | HMRC updates pension guidance on lifetime allowances

HMRC has updated its guidance on pension savings and lifetime allowance protection to reflect the introduction of individual protection 2014.

7 Apr 2014

Tax | HMRC issues clarification on its treatment of insolvent businesses

HMRC has issued a revised Notice 700/56: Insolvency (April 2014). The notice explains the basic principles of HMRC’s treatment of insolvent businesses and the procedures which insolvency practitioners are asked to follow when dealing with HMRC.

7 Apr 2014

Tax | VAT crackdown yields 51% revenue rise for taxman

HMRC has seen a 51% rise in additional VAT take over the last twelve months following a major campaign to crackdown on VAT abuse, according to research by tax investigation insurance specialists P2P.

7 Apr 2014

Tax | Insolvency Service puts the brakes on vehicle VAT scam directors

Five men who were directors of five Liverpool based companies have been disqualified for a total of 33 years for their part in a £3.5m VAT scam on the sale of imported vehicles and for failing to maintain accounting records or exercise proper control over the companies.

7 Apr 2014

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Latest news

Tax | HMRC starts to use merchant acquirer data to monitor card payments

Tax | Abolition of SSP refund scheme hits individual care assistants

Tax | Plans to go ahead with simplification of Gift Aid claims

Tax | US multinationals hold £1.25 trillion in profits offshore, says Audit Analytics

Tax | Register for HMRC EU VAT workshop on MOSS changes

Tax | ECJ ruling on withholding tax in Poland means £3bn plus tax reclaims

Tax | Business rates will be reviewed, says government

Tax | PAC critical of HMRC’s approach to abuse of tax reliefs

Tax | HMRC targets taxpayers with undeclared second incomes

Tax | Nunn: pensions reform delivers a tax blow

Tax | HMRC updates electronic message service for PAYE employers

Tax | Case report: how the Mehjoo decision affects tax advisers

Tax | HMRC updates pension guidance on lifetime allowances

Tax | HMRC issues clarification on its treatment of insolvent businesses

Tax | VAT crackdown yields 51% revenue rise for taxman

Tax | Insolvency Service puts the brakes on vehicle VAT scam directors