Tax | R&D tax credit scheme a ‘costly failure’ warns report

The UK government’s £7.3bn research and development (R&D) tax credit system is failing to deliver significant additional spending by businesses

25 May 2021

Tax

Business Tax

Business

Companies

Tax | Moulsdale Properties loses tax case over £995k VAT bill

An Upper Tribunal at the Scottish Court of Session has dismissed an appeal made by the owner of Moulsdale Properties who argued that his property sale was exempt from VAT

25 May 2021

Tax

VAT

Case Reports

Tax | HMRC clarifies VAT position on electric vehicle recharging

HMRC has confirmed that VAT is chargeable at the standard rate for electric vehicles when using charging points situated in public places

25 May 2021

Tax

VAT

Tax Compliance

Tax | Retailers may get unexpected tax bills by using social media

Retailers using social media influencers to ‘advertise’ their products may face unexpected tax bills as HMRC views the arrangement as a benefit in kind, warns tax and advisory firm, Blick Rothenberg

25 May 2021

Tax

Business Tax

Personal Tax

Tax Compliance

Tax | Q&A: SEISS grants and risks of incorporation

In our weekly Q&A, Suzanne Rowland, tax adviser at Croner Taxwise, considers how use of Self-Employment Income Support Scheme (SEISS) grants could impact on a sole trader’s decision to incorporate their business and any risks around earlier SEISS claims

25 May 2021

Tax

Business Tax

Personal Tax

Business

Companies

Tax | £166.5m funding released for green investment projects

The Department for Business, Energy & Industrial Strategy has announced a £166.5m cash injection for green technology and development as part of the government’s green industrial revolution

25 May 2021

Tax

Business Tax

Business

Companies

Tax | £11.25m available in final round of Tampon Tax Fund

The UK government has made £11.25m available to charities supporting woman in the latest and final round of its Tampon Tax Fund

24 May 2021

Tax

VAT

Politics

Tax | Heathrow Airport loses legal case to end tax-free sales

Heathrow Airport, Dufry and Global Blue have lost their legal challenge against the Treasury’s controversial move to end tax free sales and VAT rebates for outbound tourists

24 May 2021

Tax

Business Tax

Business

Companies

Tax | US backtracks on plans for 21% global tax minimum rate

The US Treasury has announced that its proposals for a global minimum tax rate could go as low as 15% for large multinational corporations rather than President Biden’s previously proposed 21%

21 May 2021

Tax

Business Tax

International Tax

Tax | OTS proposes further reforms to capital gains tax

The Office of Tax Simplification (OTS) is calling for an overhaul of capital gains tax (CGT) rules from tax liability when moving home to getting divorced, and an extension of the tight 30-day deadline for settling CGT bills when selling property

21 May 2021

Tax

Business Tax

Personal Tax

Tax | EU resurrects plan for single European tax policy

The European Commission has defined their tax agenda for the next two years which builds on the Tax Action Plan presented in 2020

21 May 2021

Tax

International Tax

Tax | HMRC spends £250k training staff to be hackers

HMRC has spent £262,251 on cyber security training for its staff over the last two years, according to official figures

20 May 2021

Tax

HMRC

Technology

Tax | One month left to join VAT Deferral New Payment Scheme

Businesses that deferred VAT payments last year have one month left to join online to pay in monthly instalments under the VAT Deferral New Payment Scheme, HMRC has confirmed

20 May 2021

Tax

VAT

Tax Compliance

Tax | Morrisons loses £1m VAT appeal case over Nakd bars

Supermarket giant Morrisons has lost an appeal against HMRC over the decision that products sold under the Organix and Nakd brands were standard rated for VAT purposes

20 May 2021

Tax

VAT

Case Reports

Tax | Deadline for NHS pension scheme tax repayments extended

The NHS Business Services Authority has extended the 2019/2020 voluntary scheme pays deadline for members with an annual allowance charge on their pensions

19 May 2021

Tax

Personal Tax

Tax Compliance