Tax

Latest news

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Tax | Small businesses spend up to £3,500 for MTD migration

The latest HMRC research report into adoption costs of Making Tax Digital (MTD) for VAT has highlighted the range of costs for businesses moving to digital reporting

25 Mar 2021

Tax

Making Tax Digital

HMRC

Image for taxpayers offshore income face heightened scrutiny

Tax | Taxpayers with offshore income face heightened scrutiny

HMRC is consulting on ways to improve awareness of tax liability among UK taxpayers with offshore income after identifying low levels of awareness

24 Mar 2021

Tax | Government consults on change to monthly tax payments for SMEs

As part of the government’s 10-year strategy to modernise the tax administration system, it is considering whether to change current tax payment timings in a move to more frequent, in-year tax calculation and payment

24 Mar 2021

Tax | Cut in domestic air passenger duty rates planned

The government is consulting on options to consider how Air Passenger Duty (APD) could support regional connectivity, alongside the commitment to reach net-zero emissions by 2050, but has ruled out plans for a frequent flyer levy

24 Mar 2021

Tax

Personal Tax

Budget

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Tax | Inheritance tax reporting requirements simplified

Following recommendations by the Office of Tax Simplification, the government will reduce administrative burdens for those dealing with inheritance tax

24 Mar 2021

Tax

Personal Tax

Budget

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Tax | Non-resident purchasers to pay more SDLT on residential property

From 1 April non-resident property purchasers will have to pay an additional 2% stamp duty land tax charge on purchases, explains Zigurds Kronbergs, specialist tax writer at Croner-i

24 Mar 2021

Tax | Professional indemnity insurance may be compulsory for tax advisers

The government is consulting on plans to make professional indemnity insurance mandatory for tax advisers in a bid to improve standards and protect taxpayers

23 Mar 2021

Tax | Government plans curb on non-rental of holiday lets

Owners of second homes will have to ensure they are renting out their properties for a minimum of 140 days a year if they cut their tax liability by registering for business rates

23 Mar 2021

Tax | HMRC powers will be ramped up to combat tax avoidance promoters

The government is strengthening HMRC powers as part of a raft of measures to clamp down on promoters of tax avoidance, with plans to be able to strike off directors for tax avoidance with the threat of two-year prison sentences

23 Mar 2021

Tax | Tax Day sees government launch extensive consultation programme

The government has published a series of tax documents and consultations in a move to strengthen policymaking and help create a more trusted, simple and modern tax system on its first Tax Day

23 Mar 2021

Tax

Consultations

Image for ps600m tax avoidance market dominated online promoters

Tax | £600m tax avoidance market dominated by online promoters

The tax avoidance market is increasingly dominated by a hard core of specialist online promoters rather than bricks and mortar companies, while accounting firms are rarely involved in the sector now, HMRC has confirmed

23 Mar 2021

Tax | Q&A: taxation of SEISS grants

In our weekly Q&A, Croner Taxwise tax adviser Patrick O’Brien explains the tax position for people and partnerships receiving Self Employment Income Support Scheme (SEISS) grants

23 Mar 2021

Tax | 1 April deadline to set up self assessment payment plans

Self assessment taxpayers have just over a week to pay any outstanding tax liabilities in full or set up an online payment plan for the 2019 to 2020 financial year to avoid incurring penalty charges, HMRC has warned

22 Mar 2021

Tax | Unpaid taxes owed to HMRC trebles to £65bn

The amount of debt owed to HMRC from UK businesses and taxpayers has now trebled to reach £65.5bn from £19.3bn in 2019, as businesses and taxpayers fall behind on payments during lockdown, warns Pinsent Masons

22 Mar 2021

Tax

HMRC

Tax Compliance

Image for mencap wins supreme court case over sleep pay

Tax | Mencap wins Supreme Court case over sleep-in pay

The Supreme Court has ruled in favour of Mencap over a long-running case about whether sleep-in carers are entitled to be paid national minimum wage for hours worked

19 Mar 2021

Tax

Employment Tax

Case Reports