Tax | MTD for ITSA: opportunity for accountants

The next big change in the tax world is the move to Making Tax Digital for Income Tax, which will give accountants a potential new revenue stream, explains Sam O’Connor, CEO and co-founder, Coconut

18 Aug 2022

Tax

Making Tax Digital

Personal Tax

Tax | Inequalities in R&D tax changes

New draft legislation to change the R&D tax relief regime will create a vacuum of inequalities for businesses seeking relief according to RSM UK 

17 Aug 2022

Tax

Business Tax

Tax Compliance

Tax | Structures and buildings allowances: what you need to know

Structures and buildings allowances (SBAs) can be claimed for expenditure incurred on the construction of commercial buildings. Stephen Relf, deputy content manager – tax, Croner-i, explains how to claim the tax relief  

17 Aug 2022

Tax

Business Tax

Property Tax

Tax Compliance

Tax Planning

Tax | Q&A: stamp duty land tax group relief

In this week’s Q&A, Patrick O’Brien, tax adviser at Croner-i, considers the tax compliance issues when applying for stamp duty land tax group relief on bare land

16 Aug 2022

Tax

Business Tax

Tax Compliance

Tax Planning

Tax | Thousands of trusts sign up to register

Trustees are signing up to the trustee registration service at a faster rate than any time since the register was first set up, but nearly a million trusts are not registered

16 Aug 2022

Tax

Personal Tax

Tax Compliance

Tax | Tax reliefs on furnished holiday lets explained

Furnished holiday lets in the UK offer a number of tax benefits, but could be too complicated for owners to take advantage of, Saffery Champness warns 

16 Aug 2022

Tax

Property Tax

HMRC

Tax | HMRC piles pressure on taxpayers behind on payments

A further increase on interest paid to HMRC for late payment of taxes will hit taxpayers who are not up-to-date, warns Blick Rothenberg

16 Aug 2022

Tax

Business Tax

Personal Tax

HMRC

Tax | More staff for HMRC Newcastle customer service team

HMRC is recruiting 100 full-time customer service staff at its base in Newcastle as service levels continue to fall below standards expected by accountants and tax agents

15 Aug 2022

Tax

HMRC

Companies

Careers

Tax | Three alternatives to a pay rise

As inflation rises and the cost of living crisis bites, accountancy firms could consider alternatives to pay rises with share schemes as one option

15 Aug 2022

Tax

Employment Tax

Tax Planning

Tax | Accountancy school loses £780k VAT dispute

A London based accountancy school has lost an appeal at tribunal over a disputed VAT bill relating to tuition fees when it went into administration 

15 Aug 2022

Tax

VAT

HMRC

Case Reports

Law and Regulation

Tax | HMRC raises late payment interest from 23 August

Following the latest increase in the Bank of England base rate to 1.75%, HMRC will raise interest rates on late tax bills by 0.5%

12 Aug 2022

Tax

HMRC

Tax Compliance

Tax | HMRC warning on how to spot umbrella companies

HMRC has updated guidance on how to spot a fraudulent umbrella company abusing the VAT flat rate scheme and employment allowance to avoid taxes

12 Aug 2022

Tax

Employment Tax

Personal Tax

HMRC

Tax | Over 650,000 bonuses paid through ISA scheme

So far this year over £35m of bonuses have been paid out to first-time buyers purchasing over 17,500 properties 

11 Aug 2022

Tax

Property Tax

Tax | HMRC redesigns PSA1 form for PAYE

PSA1 forms are going digital after HMRC recently completed a review of customer feedback from employers who use PAYE Settlement Agreements

11 Aug 2022

Tax

Employment Tax

Tax Compliance

Tax | Shrinking the VAT gap is futile without digital change

As tax complexities increase, current processes need overhauling to reduce the error level and close the tax gap, warns Peter Boerhof, VAT director, Vertex

11 Aug 2022

Tax

VAT

Tax Compliance