Tax

Business Tax

International Tax

Image for scams warning tax credits claimants

Tax | Scams warning for tax credits claimants

HMRC is warning that a surge in scams targeting tax credits claimants is increasing the risk of fraud and theft, as the tax authority reports more than one million referrals of suspicious contact in the last year

2 Jun 2021

Personal Tax

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Tax | EU agrees deal for corporate tax transparency

Negotiators for the European parliament and council negotiators have agreed rules for greater tax transparency for multinational businesses

2 Jun 2021

Tax | Filing deadlines: June 2021

In our handy guide to tax filing deadlines, we provide an at-a-glance guide to key dates from the deadline for opting into the VAT deferral new payment scheme and corporation tax first quarterly instalment payment

2 Jun 2021

Tax Compliance

Image for furlough change means employers contribute 10 1 july

Tax | Furlough change means employers contribute 10% from 1 July

From July employers will have to pay 10% of staff wages to anyone on furlough as the government reduces its level of support for the Coronavirus Job Retention Scheme

2 Jun 2021

Tax | ICAEW and ACCA criticise HMRC’s ‘poor’ performance

ICAEW and the Association for Chartered Certified Accountants (ACCA) is calling on HMRC to improve its performance and be more responsive to complaints from taxpayers and less ‘erratic’ when dealing with technical questions

1 Jun 2021

Tax | Q&A: tax and electric car charging

In our regular Q&A series, Croner Taxwise VAT adviser Rachel Clark, examines the tax compliance issues with electric car charging for business vehicles

1 Jun 2021

Business Tax

Tax | VAT updates: June 2021

In this month’s round-up of VAT cases, Graham Elliott head of City & Cambridge Consultancy, examines the decisions in Prudential Insurance, R K Fuels and zero rating at stake in WM Morrisons’ appeal

1 Jun 2021

Image for number accounts frozen soars police crack down ps36m fraud

Tax | Number of accounts frozen soars as police crack down on £36m in fraud

The City of London Police issued account freezing orders and account forfeiture orders against assets worth £36m in 2020 compared to less than £1m in 2019, shows research by RPC

28 May 2021

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Tax | Grants to further education institutions outside scope of VAT

HMRC has confirmed that higher education facilities which receive grant funding will not be inside the VAT system, pending an appeal

28 May 2021

Image for tower resources wins appeal over disputed ps600k vat

Tax | Tower Resources wins appeal over disputed £600k VAT

In a long-running case about input tax on services recharged to subsidiaries, AIM listed Tower Resources has won a ruling at the Upper Tribunal over a £600,000 disputed VAT reclaim

27 May 2021

Case Reports

Image for third corporate criminal offence probes target largest organisations

Tax | Third of corporate criminal offence probes target largest organisations

HMRC is currently investigating 14 businesses for failing to stop instances of tax evasion with a third of the cases covering some of the UK’s largest organisations

27 May 2021

Tax | HMRC to introduce flexible working for staff

HMRC has confirmed that it will allow its 63,570 staff to work remotely for part of the week after pandemic restrictions lift as pay is set to rise by 3%

27 May 2021

Tax | EU VAT regime changes will hit retail businesses

UK retail businesses selling into the EU need to make sure they are prepared to meet the new EU VAT regime starting on 1 July, warns tax and advisory firm Blick Rothenberg

27 May 2021

Tax Compliance

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

HMRC has published the latest advisory fuel rates (AFR) for company car users, effective from 1 June 2021, increasing mileage rates by 1p for all petrol vehicles

26 May 2021

Business Tax

Image for wilkes case challenges high income child benefit charge

Tax | Wilkes case challenges high income child benefit charge

In a landmark case, the Upper Tribunal will hear HMRC’s appeal in the leading High Income Child Benefit Charge (HICBC) case HMRC v Wilkes, which disputes the tax authority’s use of discovery assessments

26 May 2021