Tax

Latest news

Image for budget leaves scottish income tax rates unchanged

Tax | Budget leaves Scottish income tax rates unchanged

Key elements of this year’s Scottish Budget include no changes to income tax rates, non-domestic rates relief for the sectors worst affected by Covid and compensation for a council tax freeze

29 Jan 2021

Tax

Personal Tax

Tax Compliance

Image for ots examines smarter use data hmrc returns

Tax | OTS examines smarter use of data for HMRC returns

The Office of Tax Simplification (OTS) is seeking input for its review of ways to make tax easier for people through smarter use of third party data, by reducing the amount of information they or their agents need to supply directly

29 Jan 2021

Tax | Coronavirus: essential updates for accountants, tax advisers and auditors - Part 3

To assist accountants, tax advisers and auditors in dealing with the coronavirus crisis, all our related covid-19 coverage will be available here as soon as new announcements are made, plus expert analysis

29 Jan 2021

Leadership & Management

Image for updated rd rules fight fraud and abuse

Tax | Updated R&D rules fight fraud and abuse

With £300m lost in fraudulent R&D tax credit claims last year, the government’s new PAYE cap for innovative firms will crack down on abuse while giving genuinely innovative businesses vital cash, says GovGrant’s Stephanie Taylor

28 Jan 2021

Tax

Business Tax

Tax Compliance

Image for eu tax information exchanges fail reach potential

Tax | EU tax information exchanges fail to reach potential

Gaps in the exchange of tax data in the EU may encourage tax avoidance and evasion, according to a report from the European Court of Auditors (ECA)

27 Jan 2021

Tax

International Tax

Image for tax and electric vehicles what you need know

Tax | Tax and electric vehicles: what you need to know

Stephen Relf, senior tax writer at Croner-I, examines the tax implications of buying electric vehicles and the impact of first year allowances (FYA)

27 Jan 2021

Tax

Business Tax

Tax Compliance

Image for call increase self employed tax rate

Tax | Call to increase self-employed tax rate

The tax regime should be overhauled in order to encourage investment in companies and risk taking and reduce the tax incentives for self-employment, according to a study by the Institute for Fiscal Studies (IFS)

26 Jan 2021

Tax

Personal Tax

Image for updated hmrc customer charter what does it mean you

Tax | Updated HMRC customer charter: what does it mean for you?

With the self assessment tax deadline on the horizon, the revamped HMRC charter spells out changes for businesses and individuals. Anne Davis of the Institute of Financial Accountants examines the changes

26 Jan 2021

Tax

HMRC

Image for qa top five brexit questions our vat helpline

Tax | Q&A: top five Brexit questions from our VAT helpline

In our regular Q&A series, Croner Taxwise, VAT advice consultant, Sally Atkins, explores the most answered Brexit questions from the VAT advice helpline, covering tax on sales, B2C services and more

26 Jan 2021

Tax | HMRC to waive self assessment penalties for one month

Self assessment taxpayers will not receive a penalty for their late online tax return if they file by 28 February, HMRC chief executive Jim Harra has announced

25 Jan 2021

Tax | EU tax haven list ‘ineffective’

The European Parliament has called the current EU list of tax havens ‘confusing and ineffective’, claiming it is not catching the worst offenders and should apply more stringent assessments

25 Jan 2021

Tax | Issues with Making Tax Digital for corporation tax

HMRC has launched its MTD for CT consultation but the proposals could well prove challenging. Russell Gammon, chief innovation officer, Tax Systems, looks at the potential sticking points

25 Jan 2021

Tax

Making Tax Digital

Consultations

Tax | Self assessment scam warning

With just a week to go until the 31 January tax self assessment deadline, scammers posing as HMRC are using various scams to try to defraud people, ICAEW has warned

22 Jan 2021

Tax | High income child benefit charge hits basic rate taxpayers

The Low Incomes Tax Reform Group (LITRG) is calling for the high income child benefit charge (HICBC) threshold to rise to avoid it hitting basic-rate taxpayers for the first time in April

22 Jan 2021

Leadership & Management

Image for hmrc penalties double six months

Tax | HMRC penalties double in six months

The value of penalties HMRC is imposing on taxpayers each month shot up in the last six months, following the lull in compliance activities during the first lockdown, according to analysis by tax investigation insurance specialist PfP

20 Jan 2021

Tax | MPs slam HMRC’s out of date tech

MPs have criticised HMRC’s response to the Covid-19 crisis, claiming some groups of taxpayers have been unfairly excluded from support packages, while the department’s strategy for property and IT systems has been shown to be wanting

20 Jan 2021