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Tax | Move to make HMRC preferential creditor ‘ill timed’

Accountancy firms are warning that the reintroduction of HMRC’s status as a preferential creditor at the beginning of this month could have a significant impact on businesses’ ability to obtain finance, and risks compromising the economy’s recovery from the current pandemic

3 Dec 2020

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Tax | Tesco to pay back £585m Covid business rates relief

Tesco is to repay all of the £585m of business rates relief the company received in respect of the Covid-19 pandemic, saying it was ‘absolutely committed to doing the right thing’

2 Dec 2020

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Tax | Total tax take for UK’s largest companies hits £84.1bn

The UK’s biggest companies paid £84.1bn in tax during the 2019/20 financial year, the largest amount for a decade, in the run-up to the start of the Covid-19 crisis, according to research by PwC for the 100 Group of finance directors

1 Dec 2020

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Tax | Calculating capital gains tax losses - CPD module – NEW

This month's exclusive Accountancy Daily CPD module acts as a guide to the effective use of capital losses, covering what losses are allowable, their restrictions, tax efficiency and more

1 Dec 2020

Accountancy Firms

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Tax | VAT updates: November 2020

In this month’s round up of VAT cases, Graham Elliott considers genuine suppliers, MOSS submission failures, local authority sport centre supplies and charity building relief

1 Dec 2020

Law and Regulation

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Tax | Q&A: post Brexit supplies of digital services (VAT MOSS)

In our regular Q&A series, Croner Taxwise, senior VAT consultant, Hilary Budd, explores how Brexit will affect digital service providers using VAT Mini One Stop Shop (VAT MOSS) to account for VAT on sales to EU consumers

1 Dec 2020

Accountancy Firms

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Tax | SEISS update: third self-employed grant now available

As the third Self Employment Income Support Scheme goes live, Croner-i tax writer Stephen Relf ACA CTA unpicks the latest guidance from HMRC, warning of important differences with earlier grants

30 Nov 2020

Leadership & Management

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Tax | US reworks ‘gig economy’ payments

US tech companies such as Uber are to pilot a scheme to offer to pay some of their gig workers part of their wages in equity, rather than cash, in a move which the Securities and Exchange Commission (SEC) said mirrored changes in the modern workplace

27 Nov 2020

Law and Regulation

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Tax | HMRC acts on tax avoidance advertising

HMRC has teamed up with the Advertising Standards Authority (ASA) to crack down on misleading marketing of tax avoidance schemes, as its research shows the number of promotors has halved in the past six years

27 Nov 2020

Accountancy Firms

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Tax | Spending review presages tax rises

The stark picture of an emerging ‘economic emergency’ painted by the Chancellor’s spending review has prompted predictions of significant tax rises in the year ahead, and potentially over the lifetime of this Parliament

26 Nov 2020

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Tax | Furlough rush not cause of fraud

The hasty implementation of CJRS may have led to mistakes, but more time would not have eliminated criminal claims, says Blick Rothenberg’s Fiona Fernie

26 Nov 2020

Leadership & Management

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Tax | Top five questions about furlough and zero-hours workers

Our employment law helpline, BrightAdvice, has received hundreds of calls about how furlough and zero-hours contracts work under the Job Retention Scheme extension. Alan Price, HR expert and CEO at BrightHR, answers five of the most frequently asked questions

26 Nov 2020

Leadership & Management

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Tax | Spending review: ‘economic emergency’ sees GDP fall 11.3%

In his November spending review, Chancellor Rishi Sunak has emphasised the UK currently faces an ‘economic emergency’, and revealed the economy is set to contract by 11.3%, the largest fall in over 300 years

25 Nov 2020

Leadership & Management

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Tax | Tougher criteria for third SEISS grant

With under a week to go until applications open for the third grant available of the self employment income support scheme (SEISS), HMRC has published guidance which includes new criteria claimants must meet regarding the impact coronavirus is having on their business

25 Nov 2020

Leadership & Management

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Tax | Capital gains tax changes self assessment taxpayers need to know

HMRC signals time is running out for anyone who sold a second home during 2019-20 to declare it on their self assessment tax return and pay the capital gains tax (CGT) that is due

25 Nov 2020

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Tax | Q&A: Furnished Holiday Let tax benefits

In our regular Q&A series, Croner Taxwise, tax adviser, Patrick O'Brian covers the specific conditions that need to be met for a Furnished Holiday Let (FHL) to qualify for tax benefits

24 Nov 2020

Law and Regulation

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