Tax

Latest news

Image for consultation tightening construction industry scheme cis rules

Tax | Consultation on tightening construction industry scheme (CIS) rules

HMRC has launched a 10-week consultation on ways to tackle abuse of the Construction Industry Scheme (CIS) to prevent tax loss, including new powers to correct deductions

19 Mar 2020

Tax | Bank of England cuts base rate to 0.1%

The Bank of England has cut the base rate 0.1% and increased its holdings of UK government and corporate bonds by £200bn

19 Mar 2020

Tax | Q&A: coronavirus and statutory sick pay

Statutory sick pay (SSP) is now payable from day one of a sickness absence for qualifying staff due to the coronavirus crisis. Croner Taxwise employment experts explain

19 Mar 2020

Leadership & Management

Image for chancellor tells mps business loans effective beginning next week

Tax | Chancellor tells MPs business loans effective 'beginning of next week'

Chancellor Rishi Sunak told MPs at a Treasury committee hearing the justifications for the government's decision to provide loans not grants for businesses and stressed that detailed guidance would be available from the start of next week, reports Zak Jakubowski

19 Mar 2020

Tax | HMRC wants large businesses to notify if tax arrangements legally questionable

HMRC is consulting on proposals, first advanced in the Budget, that the UK’s largest businesses will be required to notify HMRC where they have adopted an uncertain tax treatment, in a bid to close the £6.2bn legal interpretation tax gap

19 Mar 2020

Tax | Taxman cans paper self assessment forms

HMRC is to stop automatically sending taxpayers paper self assessment forms except for exempt individuals who cannot file digitally

19 Mar 2020

Tax | HMRC ramps up ethanol approvals for scarce hand sanitiser

Manufacturers of hand sanitisers and gels will have their applications for denatured alcohol – ethanol – fast tracked during the coronavirus outbreak, HMRC has confirmed

18 Mar 2020

Tax | Employee counselling added to non-taxable benefit list

Specialist counselling, such as cognitive behavioural therapy, is to be added to the list of non-taxable occupational health services provided by employers, in a bid to support improvements in individuals’ health

18 Mar 2020

Leadership & Management

Image for ir35 private sector reforms delayed until 2021

Tax | IR35 private sector reforms delayed until 2021

The government has announced a one year delay to controversial changes to the off payroll working rules, due to be enacted next month, amid concerns about their potential impact during the coronavirus pandemic, reports Pat Sweet

18 Mar 2020

Tax | £330bn ‘unprecedented’ coronavirus emergency fund

The government has announced a £330bn package of measures to support businesses through the coronavirus crisis from extensive loans and guarantees to business rates relief

18 Mar 2020

Tax | FTT refuses vegan truffle VAT appeal

The manufacturer of a range of vegan truffle balls has failed in a bid to have the product zero rated for VAT as food, with the First Tier Tribunal (FTT) ruling they are a sweet treat for occasional enjoyment rather than a meal replacement

18 Mar 2020

Tax | AAT cancels June conferences

The Association of Accounting Technicians (AAT) has cancelled two upcoming conferences due to covid-19 outbreak and closed its London HQ as all staff go to remote working

18 Mar 2020

Tax | Lords suspect IR35 manipulation

Members of the House of Lords are not buying into IR35 confusion as ‘suddenly they did not understand it when more tax is being collected’

17 Mar 2020

Tax | Covid-19 measures pose ‘catastrophic’ challenge for leisure industry

There are warnings the pub and brewing industry, along with the travel, retail and other leisure sectors face ‘an existential crisis’ in the wake of new government restrictions to combat the spread of covid-19

17 Mar 2020

Tax | Budget 2020: tax-free childcare extended

The Budget has included a new measure to boost take-up of the tax-free childcare (TFC) scheme, by making it accessible to parents who use before and after school care

17 Mar 2020

Tax | Q&A: electric company cars

In our regular Q&A series from Croner Taxwise, payroll adviser, Samantha O'Sullivan explores the tax benefits of providing low emission/electric vehicles as company cars

17 Mar 2020

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Tax Services

Latest news

Tax | Consultation on tightening construction industry scheme (CIS) rules

Tax | Bank of England cuts base rate to 0.1%

Tax | Q&A: coronavirus and statutory sick pay

Tax | Chancellor tells MPs business loans effective 'beginning of next week'

Tax | HMRC wants large businesses to notify if tax arrangements legally questionable

Tax | Taxman cans paper self assessment forms

Tax | HMRC ramps up ethanol approvals for scarce hand sanitiser

Tax | Employee counselling added to non-taxable benefit list

Tax | IR35 private sector reforms delayed until 2021

Tax | £330bn ‘unprecedented’ coronavirus emergency fund

Tax | FTT refuses vegan truffle VAT appeal

Tax | AAT cancels June conferences

Tax | Lords suspect IR35 manipulation

Tax | Covid-19 measures pose ‘catastrophic’ challenge for leisure industry

Tax | Budget 2020: tax-free childcare extended

Tax | Q&A: electric company cars