Tax | HMRC cuts call waiting time to five minutes

The number of taxpayers calling HMRC to ask for advice and deal with problems has fallen with less use of phone services in October as more people go online to use digital services as the number of digital accounts exceeds 21m

6 Dec 2019

Tax

Making Tax Digital

HMRC

Tax | US opposes OECD plan to tax multinational digital giants

The US has signalled strong opposition to OECD plans to introduce a wide-ranging digital tax which would hit multinationals, particularly US IT giants

5 Dec 2019

Tax

International Tax

Tax Compliance

Consultations

Tax | HMRC hauls in £3.9bn from sin taxes

There has been a 49% hike in the extra tax raised as a result of investigations into the underpayment of sin taxes, with HMRC collecting £3.9bn last year

5 Dec 2019

Tax

VAT

HMRC

Tax Compliance

Tax | Offshore fund investors warned to check tax reporting

With two months to go before the 2018/19 self assessment tax return submission deadline, offshore fund investors need to check their tax reporting, before HMRC does, to avoid penalties

5 Dec 2019

Tax

Personal Tax

International Tax

HMRC

Tax Compliance

Tax Planning

Tax | Nunn: tax hazards of trivial benefits at Christmas

A rigid £50 cap on the trivial benefits exemption can catch out lucky staff who receive generous gifts from employers. Yvette Nunn CTA ATT MAAT, director of Berkeley Associates, warns of potential tax pitfalls if you receive a lavish Christmas hamper or a wedge of gift vouchers

5 Dec 2019

Tax

Employment Tax

Personal Tax

Tax Compliance

Law and Regulation

Tax | HMRC manuals: challenging the guidance

HMRC’s internal guidance manuals have been available to taxpayers since 1994, but can still be challenged in the courts and can be wrong on occasion, warns Stephanie Webber, tax writer at Croner-i 

4 Dec 2019

Tax

HMRC

Case Reports

Law and Regulation

Tax | Guidance on tax-free allowance for trusts revised

HMRC has updated the guidance about the tax-free allowance for trusts and how to report capital gains tax (CGT)

4 Dec 2019

Tax

Personal Tax

HMRC

Tax Compliance

Tax Planning

Tax | Silicon Six tech giants responsible for $100bn tax gap

The US tech giants making up the Silicon Six have avoided some $100bn (£77bn) of tax since 2010, according to research from the Fair Tax Mark

4 Dec 2019

Tax

Business Tax

Tax | Brexit Party plan to ‘abolish inheritance tax’

The Brexit Party want to stop inheritance tax (IHT) and exempt small businesses with profits before tax of under £50,000 from corporation tax

3 Dec 2019

Tax

Politics

Tax | US threatens 100% tariffs over French digital services tax

The US has warned it may levy 100% trade tariffs on up to $2.4bn (£1.85bn) of French goods, including cheese and champagne, in response to a federal investigation which concluded that France’s digital services tax (DST) discriminates against US companies

3 Dec 2019

Tax

International Tax

Tax | Counterfeit goods costing UK economy £9.2bn

The UK economy is missing out on billions a year as a result of the global trade in fake goods, which  was behind more than 86,000 lost jobs in 2016, according to the OECD

3 Dec 2019

Tax

VAT

Tax | Q&A: tax and joint rental income

In our regular Q&A series from Croner Taxwise, tax adviser, Marsha Haywood explores how joint rental income tax can be divided between owners more tax efficiently

3 Dec 2019

Tax

Personal Tax

Property Tax

Tax Planning

Tax | HMRC revamps CEST IR35 off payroll working tool

With four months to go until the IR35 off payroll rules start to apply in the private sector, HMRC has published its first update to its controversial check employment status for tax (CEST) tool since it was launched in 2017

3 Dec 2019

Tax

Employment Tax

Personal Tax

Tax Compliance

Law and Regulation

Tax | Tax filing deadlines: Dec 2019

The key HMRC filing deadlines including corporation tax third quarterly instalment payment for companies with annual taxable profits exceeding £20m and corporation tax returns for accounting periods ended 31 Dec 2018

2 Dec 2019

Tax

Business Tax

Tax Compliance

Tax | Gaines-Cooper and the implications for domicile

Dating back to the 1990s, the argument over Robert Gaines-Cooper’s domicile status is back in court, reminding high net worth individuals about the importance of keeping up to date with changes in tax avoidance legislation, warns international tax barrister Leon Fernando Del Canto

2 Dec 2019

Tax

Personal Tax

Tax Compliance