Tax

Latest news

Tax | MPs slam HMRC’s out of date tech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

Tax | Call for HMRC to extend self assessment deadline

ACCA has added its voice to calls for HMRC to extend the deadline for self-assessment tax returns on January 31, with the professional body warning that failure to do so could land millions of hard-hit entrepreneurs with fines totalling £250m

19 Jan 2021

Tax | Filling in your self-assessment forms: useful tips

As the self assessment tax deadline approaches, Jamie Morrison, partner and head of private client at HW Fisher, sets out tips and advice for taxpayers

19 Jan 2021

Tax | Q&A: freight transport changes

In our regular Q&A series, Croner Taxwise, VAT adviser, Arti Sonpal, explores changes to the VAT liability of supplies following the end of the Brexit transition period

19 Jan 2021

Tax | HMRC: tax returners spread £69m with Time to Pay plan

Almost 25,000 self assessment taxpayers have set up an online payment plan to manage their tax liabilities in up to 12 monthly instalments, totalling £69.1m, HMRC has revealed

14 Jan 2021

Tax | Rulings in favour of HMRC hike pension tax liability

Zigurds Kronbergs, tax writer at Croner-i, examines two recent pension tax cases which went against claimants, Clark at the Court of Appeal and Sippchoice at Upper Tribunal, both deemed to break pensions tax rules under Finance Act 2004

13 Jan 2021

Tax | UK business ill-prepared for IR35 rule changes

With just three months to go before off payroll tax rules come into effect for the private sector, half of UK firms that hire contractors are not prepared for the changes, according to research by IR35 Shield

12 Jan 2021

Leadership & Management

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Tax | Post Brexit VAT and the financial services sector

Suppliers of financial services to EU customers will be able to recover VAT on their costs from 1 January 2021 as rules will align with non-EU 27 providers. Kevin Hall, partner at Wright Hassall, explains

12 Jan 2021

Tax | Q&A: define an SME for R&D purposes

In our regular Q&A series, Croner Taxwise, tax consultant, David Woolley, explains how to define when an SME becomes a large business for research and development (R&D) purposes

12 Jan 2021

Tax | Covid judged ‘reasonable excuse’ for late SA returns

Taxpayers who fail to submit their self assessment return by the 31 January deadline because of difficulties caused by Covid will be able to claim this as a ‘reasonable excuse’ to overturn a late filing penalty, HMRC has confirmed

11 Jan 2021

Tax | Tax systems that attract the rich

In recent weeks there has been much commentary related to how taxes will need to rise to pay for the cost of borrowing arising as a result of the pandemic. Rachel de Souza, tax partner at RSM, assesses the options

11 Jan 2021

Tax

Personal Tax

International Tax

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Tax | Feedback sought on VAT and value shifting rule changes

HMRC is consulting on planned revisions to the rules for apportioning the VAT consideration between supplies with mixed liabilities in a single transaction, in a bid to tackle ‘inappropriate’ value shifting when providing bundles of goods or services

7 Jan 2021

Tax | Ten things that will shape the property market in 2021

The residential property market has held up well in 2020, no doubt supported by the government’s stamp duty holiday introduced as part of wider Covid-19 measures. But what, asks Henry Lowe, partner at Mercer & Hole, will shape the property market in 2021?

7 Jan 2021

Tax

Property Tax

Tax Compliance

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Tax | HMRC: less than a month to file tax return

Around 5.4m taxpayers have less than a month (25 days) to complete their self assessments ahead of the 31 January deadline

6 Jan 2021

Tax | DAC 6 to be replaced by OECD rules

There are to be changes to the way UK intermediaries report cross border tax arrangements post-Brexit, with the EU DAC directive set to be replaced by OECD rules later this year

6 Jan 2021

Tax | ‘Tampon tax’ abolished

Following the UK’s departure from the EU, the government has honoured its commitment to remove VAT from women’s sanitary products, ending the so-called ‘tampon tax’

5 Jan 2021

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Tax Services

Latest news

Tax | MPs slam HMRC’s out of date tech

Tax | Call for HMRC to extend self assessment deadline

Tax | Filling in your self-assessment forms: useful tips

Tax | Q&A: freight transport changes

Tax | HMRC: tax returners spread £69m with Time to Pay plan

Tax | Rulings in favour of HMRC hike pension tax liability

Tax | UK business ill-prepared for IR35 rule changes

Tax | Post Brexit VAT and the financial services sector

Tax | Q&A: define an SME for R&D purposes

Tax | Covid judged ‘reasonable excuse’ for late SA returns

Tax | Tax systems that attract the rich

Tax | Feedback sought on VAT and value shifting rule changes

Tax | Ten things that will shape the property market in 2021

Tax | HMRC: less than a month to file tax return

Tax | DAC 6 to be replaced by OECD rules

Tax | ‘Tampon tax’ abolished