Tax

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Image for treasury launches review office tax simplification

Tax | Treasury launches review into Office of Tax Simplification

The Treasury has launched a review into the effectiveness of the Office of Tax Simplification (OTS), the body tasked with proposing ways to simplify the overly complex UK tax system

13 May 2021

Tax | Amazon has €250m back taxes bill overturned in court

Amazon has won a long-running legal battle with the EU over a demand for the multinational to pay €250m (£214m) in back taxes to Luxembourg

13 May 2021

Tax

International Tax

Case Reports

Image for zero rate secondary nics freeport employers

Tax | Zero-rate of secondary NICs for freeport employers

Freeport operators will be able to take advantage of a zero rate of secondary National Insurance contributions (NICs) for employees as part of the government’s plans to increase trade post Brexit

13 May 2021

Tax

Employment Tax

Tax Compliance

Image for mini umbrella companies go under hmrc spotlight

Tax | Mini umbrella companies go under HMRC spotlight

HMRC has issued updated guidance on the potential dangers posed to business and individuals by mini umbrella companies (MUC) in supply chains

13 May 2021

Tax | 30-day CGT reporting window struggles with multiple claims

A number of shortcomings in the online reporting for capital gains tax within the 30-day window have emerged, causing cash flow issues for buy-to-let sellers, warns RSM

13 May 2021

Tax

Property Tax

Tax Compliance

Image for ps200 ton rate set plastic packaging tax

Tax | £200 per ton rate set for plastic packaging tax

The government has confirmed that the new plastic packaging tax (PPT) will be coming into force 1 April 2022, raising nearly a billion pounds in tax by 2025

12 May 2021

Tax

Business Tax

Tax Planning

Image for blinds zero rated vat purposes hmrc confirms

Tax | Blinds zero-rated for VAT purposes, HMRC confirms

Following the outcome of various tax tribunals HMRC has revised its VAT policy which means manual window blinds and shutters are now considered building materials for VAT purposes and can be zero-rated when installed in a qualifying build

12 May 2021

Tax

VAT

HMRC

Image for change vat rules e commerce eu

Tax | Change in VAT rules for e-commerce in the EU

Angela Bedi, VAT expert at Croner-i Navigate, considers the new One Stop Scheme (OSS) scheme, one of three reforms to be introduced across the EU from 1 July 2021 to simplify the VAT accounting and compliance for (mainly) online sellers

12 May 2021

Tax

VAT

Tax Compliance

Image for queens speech 2021 delivering national recovery pandemic

Tax | Queen’s Speech 2021: delivering a national recovery from the pandemic

The Queen’s Speech stated that the government’s main priority is to deliver a national recovery from the pandemic that makes the UK ‘stronger, healthier and more prosperous than before’

11 May 2021

Tax | Millions of workers set to face 'life-changing' retirement shortfalls

Millions of workers are set to face ‘life changing retirement shortfalls’ as lower growth forecasts could wipe a third off pension pot values, warns Interactive Investor (II) and Lane Clark & Peacock (LCP)

11 May 2021

Tax | HMRC received 91,000 fraud tip-offs in first few months of pandemic

HMRC’s fraud hotline received more than 91,000 calls during the first nine months of the Covid-19 pandemic, with concerns that furlough fraud is likely to be behind many of the calls

11 May 2021

Tax | Digital tax, no effect on SMEs?

As global tech companies get to grips with the digital services tax, Guillermo Narvaez, technical director of the Kreston Global Tax Group, asks whether the cost of tax will be handed on to smaller businesses

11 May 2021

Tax

Business Tax

International Tax

Image for qa trusts and potentially exempt transfers

Tax | Q&A: trusts and potentially exempt transfers

In this week’s Q&A, Croner Taxwise tax advice consultant Kiya Jacobs, explains the tax compliance issues when passing on substantial financial gifts to family under inheritance tax rules

11 May 2021

Tax | Mini-umbrella companies set up to avoid tax

Around 48,000 mini-umbrella companies (MUC) have been created in the past five years in a bid to reduce the tax and national insurance contributions (NIC) paid by recruitment agencies

10 May 2021

Tax

Employment Tax

Tax Compliance

Image for rachel reeves named shadow chancellor labour reshuffle

Tax | Rachel Reeves named shadow Chancellor in Labour reshuffle

Labour leader Kier Starmer has appointed a new senior team in a shadow cabinet reshuffle after poor election results last Thursday

10 May 2021

Tax

Politics

Image for west yorkshire pair arrested suspicion ps34m furlough fraud

Tax | West Yorkshire pair arrested on suspicion of £3.4m furlough fraud

A man and a woman from West Yorkshire have been arrested as part of an HMRC investigation into a suspected £3.4m Coronavirus Job Retention Scheme (CJRS) fraud

10 May 2021

Tax

Employment Tax

HMRC