Tax | Consultation launched to reduce SDLT abuse

HMRC launches call for evidence on changes to Stamp Duty Land Tax (SDLT) regime with the introduction a new apportionment method of calculating tax in mixed-property cases.

30 Nov 2021

Tax

Property Tax

Tax | HMRC wants more powers to clamp down on non-payers

The government plans to ratchet up its activity against the most recalcitrant businesses and individuals who fail to pay tax bills giving HMRC more powers to act, particularly against ecommerce businesses with no tangible UK footprint

30 Nov 2021

Tax

Business Tax

Tax Compliance

Consultations

Tax | HMRC launches reform to Income Tax Self-Assessment registration

HMRC issues a consultation on Income Tax Self-Assessment (ITSA) for the self-employed and landlords to reform how and when the self-employed and landlords register and start to interact with HMRC

30 Nov 2021

Tax

Business Tax

HMRC

Tax | Treasury sets out overhaul of R&D relief

Following a consultation on research and development (R&D) reliefs, the government has set out plans to go ahead with a number of changes to criteria and the introduction of tough new anti-abuse measures

30 Nov 2021

Tax

Business Tax

Consultations

Tax | Largest companies pay £6.3bn in corporation tax

The UK’s biggest listed companies generated £77.1bn in tax during the pandemic-hit 2020/21 financial year, while the average tax rate was 54% when employment taxes are factored in, finds PwC analysis

30 Nov 2021

Tax

Tax Compliance

Tax | HMRC extends Post Office card accounts switch deadline

HMRC is giving taxpayers, who are yet to switch their Post Office accounts, a one-off extension until 5 April 2022 to set up alternative payment methods

30 Nov 2021

Tax

Personal Tax

HMRC

Tax | Q&A: VAT position on supplies of digital services

In our weekly Q&A, Croner Taxwise senior VAT consultant Vivienne Scott, examines the VAT compliance issues when running an ecommerce business selling apps

30 Nov 2021

Tax

VAT

Tax | Crypto exchanges will be subject to digital tax

HMRC has confirmed that cryptocurrencies like Bitcoin are not commodities or money, and therefore will not be exempt from the Digital Services Tax (DST)

29 Nov 2021

Tax

Business Tax

HMRC

Tax | Court ruled £195k as taxable income

The Court has dismissed the appeal from a taxpayer against an amendment from HMRC to his tax return that marked £195,400, which was obtained through a tax avoidance scheme, as taxable income

29 Nov 2021

Tax

Employment Tax

Case Reports

Tax | The need to simplify the VAT land exemption

Supplies of land are usually exempt from VAT unless the landowner has opted to tax the land, in which case the supply is standard rated, but there are exemptions, explains Julie Butler FCA

29 Nov 2021

Tax

VAT

Tax Compliance

Tax Planning

Tax | SIA and HMRC raids to crack down on tax fraud by security guards

The Security Industry Authority (SIA) and HMRC have carried out joint operations in London, Bradford and Glasgow to ensure that security staff were employed legitimately and were paying tax

29 Nov 2021

Tax

Personal Tax

HMRC

Tax Compliance

Tax | HMRC paid £2m to tax informants

Over the last five years, HMRC has paid out nearly £2m to informants who reported incidents of tax-dodging to the tax authority

26 Nov 2021

Tax

HMRC

Tax | Court dismissed appeal over £2.5m VAT bill

The Court has dismissed an appeal against a £2.5m VAT bill on insulated roofing panels after the taxpayer argued it was entitled to the reduced rate of VAT

25 Nov 2021

Tax

VAT

Case Reports

Tax | How to prepare your practice for the next stage of MTD

The one-year delay to the introduction of the next phase of Making Tax Digital (MTD) for income tax means that accountants have more time to prepare, but it is still a priority, explains Emily Coltman, chief accountant at FreeAgent

25 Nov 2021

Tax

Making Tax Digital

Tax Compliance

Tax | HMRC advisory fuel rates for company car users from 1 December

HMRC has published the latest advisory fuel rates (AFR) for company car users, effective from 1 December 2021, increasing mileage rates by between 1p and 2p per mile for all petrol and diesel vehicles, while the electric car rate also increases

24 Nov 2021

Tax

Business Tax

Personal Tax

Tax Compliance