Tax

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Tax | OECD set to review country-by-country reporting rules

The OECD is consulting on a review of its country-by-country reporting (CBCR) standard which forms part of the ongoing work on base erosion and profit shifting (BEPS)

10 Feb 2020

Tax | IR35 rules for private sector will not be retrospective

IR35 contractors mid-way through a contract when the off-payroll working rules for the private sector come into force in April will only go on payroll from the new 2020-21 tax year, reports Sara White

7 Feb 2020

Tax | Threshold frozen for higher rate Scottish taxpayers

Scotland plans to raise the income tax threshold for basic and intermediate taxpayers in line with inflation from April 2020 but top earners will see the figures frozen

6 Feb 2020

Tax | Scottish finance minister resigns over inappropriate texts

Derek Mackay, Scotland’s finance secretary and a SNP member of the Scottish parliament, has resigned hours before he was due to deliver the Scottish Budget

6 Feb 2020

Tax

Budget

Politics

Image for us tax authority treats cryptocurrency assets property

Tax | US tax authority treats cryptocurrency assets as ‘property’

The US Internal Revenue Service (IRS) is under fire over its decision to classify cryptoassets as ‘property’ in its guidance on taxation for virtual currencies

6 Feb 2020

Tax

International Tax

Tax Compliance

Image for lords committee investigate ir35 rule change

Tax | Lords committee to investigate IR35 rule change

The House of Lords Finance Bill Sub-Committee has launched an inquiry into government plans to introduce off-payroll working rules for the private sector, with concerns about whether the impact has been fully assessed

5 Feb 2020

Tax | Brexit subdues property tax take

Brexit had a dampening effect on stamp duty land tax (SDLT) receipts at the end of last year with the figure flatlining at £3.3bn, less than 1% ahead of the tax take recorded in the same quarter in 2018

5 Feb 2020

Tax | Wales to consult on social care tax

The Welsh government is to look more closely at the potential for introducing a tax increase to cover the rising costs of social care

5 Feb 2020

Tax | Tax on non-resident UK land sales - CPD module

This month's exclusive Accountancy Daily CPD module focuses changing tax rules for non-residents planning to sell UK property for individuals, trustees and companies

4 Feb 2020

Tax | MP accuses Netflix of ‘superhighway robbery’ on tax

Labour MP Margaret Hodge is calling for video streaming services to be included in the government’s new digital services tax (DST), amid claims that Netflix, responsible for TV hit The Crown, does not pay corporation tax in the UK

4 Feb 2020

Tax | Class action over Alchemy avoidance scheme planned

A Midlands law firm is set to take a group action suit against a tax planning scheme which cost the taxpayer up to £110m in related cases

4 Feb 2020

Tax | Q&A: deferred state pension and tax liability

In our regular Q&A series from Croner Taxwise, tax adviser, Julian Payne explores the implications of income tax when drawing money from a deferred state pension

4 Feb 2020

Tax | 958,000 taxpayers miss self assessment deadline

A record 10.4m taxpayers filed their self assessment tax returns online by the 31 January deadline, but nearly a million returns are still outstanding

3 Feb 2020

Tax | OECD to push ahead with digital tax plans

The OECD has made ‘a significant step’ forward in its efforts to reach a consensus-based approach to taxing the digital economy, although it admits the year end timetable will be tough to meet

3 Feb 2020

Tax

Business Tax

International Tax

Image for ir35 activists plan demo outside parliament

Tax | IR35 activists plan demo outside parliament

Anti IR35 campaign group, Stop the Off-Payroll Tax, is planning a demonstration in Westminster later this month to lobby MPs to stop IR35 reform plans

3 Feb 2020

Tax | VAT updates: February 2020

In this month’s VAT updates, Graham Elliott considers digital newspapers in News Corp v HMRC, ongoing DIY housebuilder time limits cases and new regulations relating to call off stocks

3 Feb 2020