Tax

Latest news

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Tax | Expansion of zero-rated VAT for charity digital advertising

HMRC has issued a brief on VAT and digital advertising by charities, which confirms VAT is no longer considered due on the majority of internet search browsing advertisements

9 Sep 2020

Tax | SDLT cuts: benefits for couples and buy-to-let

The coronavirus stamp duty holiday for property buyers could give potential savings to married couples, civil partners and buy-to-let landlords, say RSM’s George Bull and Chris Etherington

9 Sep 2020

Tax | Case: accountant’s failures ‘not a reasonable excuse’

A taxpayer who argued it was his accountant’s fault he incurred late filing penalties has lost his appeal at a tribunal, which said it was his responsibility to check the necessary paperwork had been submitted by the deadline

8 Sep 2020

Tax | Q&A: VAT on energy saving materials

In our regular Q&A series from Croner Taxwise, VAT adviser, Arti Sonpal explains the VAT implications around installing electric car charging points and solar panels to a residential property

8 Sep 2020

Tax | Windsor tops tax avoidance table

Windsor has been named the UK hotspot for tax avoidance based on numbers of disclosures by taxpayers in the past year, with other stockbroker belt towns also in the top ten, according to research by UHY Hacker Young

7 Sep 2020

Tax | Is a wealth tax on the cards?

A new wealth tax in the UK, to support the NHS and social care, cannot be ruled out, following suggestions from the US to introduce a new charge on billionaires, says Blick Rothenberg’s Nimesh Shah

7 Sep 2020

Tax | Private pension withdrawal age to be raised

The Treasury has confirmed that the minimum private pension age will increase from 55 to 57 in 2028, meaning that savers in late forties and those younger will now need to wait two years longer before accessing their pension

4 Sep 2020

Tax | Payments to tax informants up 63%

Payments to informants have jumped 63% in a year as HMRC seeks to crack down on tax evasion and boost public finances, according to analysis by RPC

3 Sep 2020

Tax | Reforms to public sector VAT refund scheme

The Treasury is seeking views on proposals for a major reform of the current VAT refund scheme for public bodies, in order to make it simpler to operate and improve value for money in the delivery of services

3 Sep 2020

Tax | Warning on remuneration trust tax avoidance schemes

HMRC has warned that using remuneration trusts to replace income with loans and other forms of credit as a way of paying company directors is a form of tax avoidance

3 Sep 2020

Tax | Case: Upper Tribunal confirms £1m VAT bill for essay-writing provider

RSM’s Scott Harwood reviews a £1m VAT case that centred on whether the company was the provider of a service or merely acted as an agent for other service providers

2 Sep 2020

Tax | Q&A: work on goods for export

In our regular Q&A series from Croner Taxwise, senior VAT consultant, Vivienne Scott explores what conditions need to be met for work on goods for export to be zero-rated

1 Sep 2020

Tax | VAT updates: August 2020

In this month’s VAT updates, Graham Elliott reviews uncertainty in EU distance selling ruling, the importance of checking customers’ residency, rent variations and electronic literature

1 Sep 2020

Tax | Poor response hinders research into organised crime behaviours

HMRC has pulled the plug on a research project intended to examine the motives and behaviours of individuals who become involved in organised crime, due to a lack of participants, but is still planning to source insight in this area

28 Aug 2020

Tax

HMRC

Tax Compliance

Image for overseas property income declarations rise 17

Tax | Overseas property income declarations rise 17%

There has been a steep increase in the amount of rental income from overseas property declared by UK taxpayers, which rose by 17% following a series of tax investigations campaigns by HMRC, according to analysis by Moore

27 Aug 2020

Tax | Regulating advisers will reduce R&D tax relief abuse

As HMRC concludes consultation on the abuse of research & development tax relief at the end of August, ABGI-UK’s Scott Henderson calls for the regulation of advisers at a time when the UK needs to be globally competitive

27 Aug 2020