Tax

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Image for uk named worst offender global tax losses

Tax | UK named worst offender for global tax losses

The UK and its network of overseas territories and crown dependencies has been named responsible for 39.2% of all tax losses suffered by countries around the world, costing countries over $189bn (£140bn) in lost tax every year

16 Nov 2021

Tax

Business Tax

International Tax

Image for hmrc should focus 30 non compliant tax advisers

Tax | HMRC should focus on 30% of non-compliant tax advisers

ICAEW is calling on HMRC to work with them and use its code of conduct and ethics to improve standards so the tax authority can focus on areas of the tax system, including advisers, who present a higher risk profile

16 Nov 2021

Tax | HMRC warns taxpayers about self assessment tricksters

As HMRC prepares to send emails and text reminders to self assessment taxpayers, the department is reminding them to be on their guard after nearly 800,000 tax-related scams were reported in the last year

16 Nov 2021

Tax

Personal Tax

HMRC

Image for qa vat green reliefs and energy efficiency

Tax | Q&A: VAT green reliefs and energy efficiency

In this week’s Q&A, Croner Taxwise VAT adviser Sally Atkins considers what VAT reliefs are available for householders when investing in green efficiency products in their domestic residences

16 Nov 2021

Tax

VAT

Tax Compliance

Image for hrmc invested 45k devices remote working

Tax | HRMC invested in 45k devices for remote working

HMRC has bought 45,704 devices since October 2019 including 37,624 laptops, tablets, and phones in the last 12 months alone

15 Nov 2021

Tax | HMRC contacts 1.3m taxpayers about MTD extension

HMRC is sending letters to the 1.3 million small businesses, including buy to let landlords and the self employed, affected by the next phase of Making Tax Digital (MTD)

15 Nov 2021

Tax | Oil giant Shell moves tax residency to UK

Royal Dutch Shell is to move its tax residence, hold its board and executive committee meetings, and locate its chief executive and chief financial officer to the UK

15 Nov 2021

Tax | Country by country tax reporting adopted by EU

MEPs have approved rules requiring big multinationals to publicly declare the taxes they pay in each EU country, in order to tackle tax avoidance

15 Nov 2021

Tax

International Tax

Tax Compliance

Image for cambridge rowing club wins ps575k vat dispute

Tax | Cambridge rowing club wins £575k VAT dispute

The court has ruled against HMRC after it issued a £575,000 VAT assessment notice to Cambridge University Boathouse Limited (CUBL), after it claimed input VAT on the construction of a boathouse

12 Nov 2021

Tax

VAT

Case Reports

Image for oecd support produces 850m extra tax

Tax | OECD support produces $850m extra tax

Developing countries have raised an additional $850m (£634m) in undeclared tax due from multinationals with support from the OECD’s tax inspectors without borders initiative for the year ending June 2021

12 Nov 2021

Tax

International Tax

Tax Compliance

Image for workers tax credits warned check claims

Tax | Workers on tax credits warned to check claims

The Low Incomes Tax Reform Group (LITRG) is urging working tax credit claimants to check their position carefully after the ending of certain coronavirus tax credit easements

12 Nov 2021

Tax | HMRC ends payments to Post Office accounts for taxpayers

Around 24,000 HMRC taxpayers with a Post Office card account have just three weeks left to update the department with new payment details before the 30 November deadline, or risk having payments paused

11 Nov 2021

Tax

HMRC

Tax Compliance

Image for catax acquires rd specialist aim proactive

Tax | Catax acquires R&D specialist Aim Proactive

Business tax relief specialist Catax has acquired competitor Aim Proactive in a deal worth up to £5m and will bring all staff over to Manchester HQ

11 Nov 2021

Tax | £30m owed in unpaid vehicle excise duty (VED)

UK drivers owed more than £30m in unpaid vehicle excise duty (VED) in 2020 according to a freedom of information (FOI) request from Veygo

9 Nov 2021

Tax

Personal Tax

Image for cryptocurrency tax gap widens ps428k

Tax | Cryptocurrency tax gap widens to £428k

According to official HMRC data published earlier this month, the amount of tax underpaid by cryptocurrency investors has tripled from £142,000 last year to £428,000

9 Nov 2021

Tax | Switch to remote working saved 500 HMRC jobs

HMRC’s 2020-21 annual accounts revealed that its redundancy programme was scaled back as a result of flexible working arrangements introduced in response to the Covid-19 pandemic

9 Nov 2021

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Latest news

Tax | UK named worst offender for global tax losses

Tax | HMRC should focus on 30% of non-compliant tax advisers

Tax | HMRC warns taxpayers about self assessment tricksters

Tax | Q&A: VAT green reliefs and energy efficiency

Tax | HRMC invested in 45k devices for remote working

Tax | HMRC contacts 1.3m taxpayers about MTD extension

Tax | Oil giant Shell moves tax residency to UK

Tax | Country by country tax reporting adopted by EU

Tax | Cambridge rowing club wins £575k VAT dispute

Tax | OECD support produces $850m extra tax

Tax | Workers on tax credits warned to check claims

Tax | HMRC ends payments to Post Office accounts for taxpayers

Tax | Catax acquires R&D specialist Aim Proactive

Tax | £30m owed in unpaid vehicle excise duty (VED)

Tax | Cryptocurrency tax gap widens to £428k

Tax | Switch to remote working saved 500 HMRC jobs