Tax

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Tax | Q&A: construction reverse charge

In our regular Q&A series from Croner Taxwise, VAT adviser, Magdalena Tchorz explains how new rules for the domestic reverse charge will affect construction businesses

16 Jun 2020

Tax | Call to offer relief for Covid-19 business losses

Businesses that have incurred losses during the Covid-19 pandemic should be able to exchange them for a government cash payment, in the same way as the research and development (R&D) tax relief operates, in order to support them to continue functioning and to preserve future tax revenues, Blick Rothenberg is proposing

12 Jun 2020

Tax | Covid-19: self employed grant claimants warned of tax hit

The Low Incomes Tax Reform Group (LITRG) is concerned that recipients of the government’s Self-Employed Income Support Scheme (SEISS) grant might not realise that it is taxable

11 Jun 2020

Tax | HMRC loses VAT challenge on baby scans

HMRC has lost a tax tribunal appeal over the VAT treatment of supplies of certain ultrasound scanning services to pregnant women, which private clinics claimed should be exempt as supplies of medical care, but which HMRC argued were standard rated

10 Jun 2020

Tax | EU tax moves impact on UK trade

With Brussels is planning new taxes around carbon, plastic and digital services to bolster the EU economy after coronavirus, the effects of may be felt by UK importers and exporters, says RSM’s George Bull

10 Jun 2020

Tax | Accounting for VAT extension for construction businesses

The Chartered Institute of Taxation (CIOT) welcomes that construction businesses will get an extra five months to prepare for a major change in accounting for VAT, because of the impact of Covid-19

9 Jun 2020

Tax | Q&A: temporary OTT notification extension period

In our regular Q&A series from Croner Taxwise, VAT advice consultant, Sally Atkins explains the background of HMRC’s extension to the notification period for notifying an Option to Tax (OTT)

9 Jun 2020

Tax | Trump threats on digital tax reveals policy free-for-all

With US technology giants in the sights of any digital services tax, investigation could see a new tariff war launched against many countries including the UK, writes Avalara’s Richard Asquith

5 Jun 2020

Tax | Covid-19: delay to VAT reverse charge on construction services

HMRC has announced a five-month delay to the introduction of the domestic reverse charge for construction services, due to the impact of the coronavirus pandemic on the construction sector, and the VAT change will not now apply until 1 March 2021

5 Jun 2020

Tax | 75% of workers support Covid tax hike

Over threequarters of UK workers are willing to pay additional income tax to fund the government’s £300bn of borrowing to fund the Covid-19 response, with many labelling the move ‘a necessary evil’, a survey by AJ Bell has found

4 Jun 2020

Tax | CIOT calls for property sales tax change

The Chartered Institute of Taxation (CIOT) is asking the government to consider delaying changes to capital gains tax rules in relation to home sales, to take account of the impact of Covid-19 on the property market

4 Jun 2020

Tax | Use mediation to speed up tax disputes with HMRC

While businesses and taxpayers worry about the current economic environment, Alternative Disputes Resolution can be the key to unlocking costly and time-consuming arguments with the tax authority, argue BDO’s Karmjit Mader and Talia Greenbaum

4 Jun 2020

Tax | US to probe UK’s digital services tax

The US has launched an investigation into digital services taxes (DSTs) that have been adopted or are being considered by a number of its trading partners, including the UK, on the grounds that they will unfairly penalise companies like Google and Amazon

3 Jun 2020

Tax | UK’s richest in line for £23bn coronavirus savings

The richest 20% of UK households are set to save £23bn by mid-June as a result of reduced spending during lockdown, more than six times as much as the savings made by the poorest 20% of households, according to calculations from the New Policy Institute (NPI)

2 Jun 2020

Tax | Q&A: homeworking expenses claim

In our regular Q&A series from Croner Taxwise, tax adviser, Kabita Tank explains what conditions need to be met for an employee to claim the tax-free homeworking allowance of up to £6 per week

2 Jun 2020

Leadership & Management

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Tax | MPs to scrutinise £155bn of tax reliefs

The Public Accounts Committee (PAC) has opened an inquiry into the UK’s management of ‘tax expenditures’, after a National Audit Office (NAO) report identified over 300 such tax interventions, at a cost of £155bn a year

1 Jun 2020