Sarah Kay, tax writer at Croner-i, reviews the new scheme for claiming bad debt relief on VAT declarations and highlights why the ‘old’ scheme continues to be considered by the courts
Large businesses will have to tell HMRC about potential ‘uncertain’ tax treatments in a move to improve tax compliance and reduce the number of court cases on tax disputes
As part of draft legislation for the next Finance Bill, the government has set out further measures to clamp down on promoters of tax avoidance schemes which will see HMRC given more powers
Reforms to the tax system that will make it easier for small businesses to fill out their returns so that profits will be taxed in the year they are earned have been announced by the government
With the fifth in the series just days away, the Self-Employed Income Support Scheme (SEISS) seems intent on overtaking the Fast and Furious film franchise (which currently stands at nine). This time around, the twists and turns come in the form of a new turnover test which determines how much the applicant is entitled to claim. Stephen Relf, Croner-i explains
With the government’s review of tax administration, the Chartered Institute of Taxation (CIOT) calls to create a tax system that is much simpler for taxpayers to navigate
The head of HMRC Jim Harra has faced probing questions from the Economic Affairs Committee, where Lords were concerned about why the tax authority has taken so long to settle outstanding loan charge settlement issues
As the UK emerges from the pandemic and economic activity resumes, HMRC says it is taking an ‘understanding and supportive approach to dealing with those who have tax debts or are concerned about their ability to pay their tax’
Thousands of landlords have failed to come clean about the tax they owed to HMRC as 42% fewer property investors voluntarily disclosed unpaid tax to HMRC in the latest tax year
Sponsorship deals may be highly lucrative for the golfers at this week’s British Open but they are also open to attention from HMRC as they are taxable in the UK
Nearly 230 HMRC staff have been offered voluntary redundancy as the government department’s new hubs programme is completed leading to the closure of offices across the country
The General Anti Abuse Rule (GAAR) advisory panel has issued a ruling setting out its views on abuse of employee reward arrangements through trusts where loans are used to avoid income tax