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Tax | Budget 2020: measures to help business fight coronavirus

In the first Budget since October 2018, new Chancellor Rishi Sunak has set out a comprehensive set of measures to support business and households through the coronavirus crisis with business rate relief, time to pay tax deferrals and underwriting the cost of statutory sick pay for smaller businesses, reports Sara White

11 Mar 2020

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Tax | Budget 2020: statutory sick pay relief

Chancellor Rishi Sunak identified the government’s response to coronavirus as the ‘key but not the only’ challenge in his first Budget, with opened with a series of ‘temporary, timely and targeted’ measures for individuals who fall ill

11 Mar 2020

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Tax | Bank of England cuts base rate to 0.25%

The Bank of England has cut base rate to 0.25% and announced a package of measures to support businesses to deal with the economic shock from Covid-19

11 Mar 2020

Accountancy Firms

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Tax | Is HMRC getting the upper hand over taxpayers in IR35 cases?

Mark Cawthron LLB CTA examines a series of recent case decisions from celebrity TV presenters to IT contractors to understand the reasoning behind the rulings on use of personal service companies, and HMRC’s one in three success rate

11 Mar 2020

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Tax | eBay rejects UK plan for digital services tax

Global online marketplace eBay is calling for an international approach to digital taxation rather than countries adopting unilateral policies like the UK digital services tax

10 Mar 2020

International Tax

Image for it contractor loses ps75k ir35 appeal

Tax | IT contractor loses £75k IR35 appeal

HMRC has won a First Tier Tribunal (FTT) against an IT contractor who contested almost £75,000 in taxes and national insurance contributions (NICs) due under off-payroll rules

10 Mar 2020

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Tax | Q&A: tax and pension drawdown after spouse's death

In our regular Q&A series from Croner Taxwise, tax consultant, David Woolley explains the inheritance tax and income tax considerations when claiming a deceased spouse's pension

10 Mar 2020

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Tax | Sunak Budget overshadowed by coronavirus

The Chancellor is set to deliver the UK’s first Budget since 2018 on Wednesday with entrepreneurs' relief likely to be slashed and talk of rises in second home stamp duty, all against a backdrop of cashflow worries for businesses over impact of covid-19

9 Mar 2020

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Tax | Tax bill sees classic Bristol Cars sputter to a halt

Iconic British motoring brand Bristol Cars has ceased trading after 70 years following a winding up order from HMRC over unpaid tax

6 Mar 2020

Accountancy Firms

Restructuring & Insolvency

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Tax | Wealth series: investing a work bonus to mitigate tax – part 4

When year-end bonuses hit six figure sums, tax planning is absolutely integral to ensuring that the wealth is not frittered away and the individual's tax position is protected. Emma Watson, head of financial planning at Rathbone Investment Management, explains

5 Mar 2020

Leadership & Management

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Tax | Statutory sick pay three-day limit lifted for covid-19

The government has confirmed that it will waive the three-day rule for statutory sick pay to kick in for workers self-isolating due to coronavirus

4 Mar 2020

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Tax | EU to take action on tax evasion by individuals

The European Commission has launched its first ever EU-wide campaign to tackle the black economy which is distorting competition between businesses and leads to large gaps in public finances, particularly in southern Europe

4 Mar 2020

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Tax | Call for Chancellor to reform tax policy approach

A group of tax experts is calling on the Chancellor to take a more considered approach to making tax policy in line with international practice and reduce the compliance burden

3 Mar 2020

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Tax | Directors' loans and tax liability - CPD module - NEW

This month's exclusive Accountancy Daily CPD module focuses on the tax treatment of close company loans to directors and shareholders

3 Mar 2020

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Tax | Q&A: excluded income and dividends

In our regular Q&A series from Croner Taxwise, tax adviser, Ghulam Mustafa assess the income tax liability of a non-resident who receives UK dividends from their investments

3 Mar 2020

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Tax | HMRC issues draft rules for loan charge repayments

HMRC has published details of proposed legislation for setting up a scheme to administer refunds to taxpayers who made voluntary payments prior to a change in the rules regarding the loan charge

2 Mar 2020

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