Tax

Latest news

Image for hmrc confirms christmas paye reporting dates

Tax | HMRC confirms Christmas PAYE reporting dates

HMRC is making permanent changes to the way Christmas payroll is reported to help universal credit claimants where their employer pays them earlier than usual over the festive period

26 Nov 2019

Tax

Employment Tax

Image for qa inheritance tax trustees selling assets

Tax | Q&A: inheritance tax for trustees selling assets

In our regular Q&A series from Croner Taxwise, David Woolley examines whether trustees pay inheritance tax on assets when closing accounts

26 Nov 2019

Tax

Personal Tax

Tax Planning

Image for plaid cymru calls more tax powers

Tax | Plaid Cymru calls for more tax powers

The Plaid Cymru party wants more financial powers to control taxation and funding for Wales, as under Scottish devolution

26 Nov 2019

Tax

Politics

Tax | Election 2019: manifesto round-up

Accountancy Daily sets out the key tax promises set out in the party manifestos for the 12 December election, from Labour plans to hike corporation tax to 26%, Conservatives freezing income tax rates for all bands while increasing the NICs’ threshold, and LibDems running on anti-Brexit remain platform

25 Nov 2019

Tax

Politics

Image for conservatives raise nic threshold ps95k

Tax | Conservatives to raise NIC threshold to £9.5k

The Conservative election manifesto does not contain any of the predicted pledges to cut income tax but will raise the NICs' threshold and triple lock taxes

25 Nov 2019

Tax

Politics

Image for hmrc less trigger happy taxpayer arrests

Tax | HMRC less ‘trigger happy’ on taxpayer arrests

The number of taxpayer arrests for suspected tax evasion has fallen to a five-year low, according to analysis by RPC which suggests a number of wrongful arrest claims against HMRC may be behind the decline

25 Nov 2019

Tax

HMRC

Tax Compliance

Image for uk rd spend hits ps25bn annually

Tax | UK R&D spend hits £25bn annually

Businesses spent £25bn on research and development (R&D) in 2018, an increase of 5.8% on the previous year, new figures from the Office for National Statistics (ONS) show

22 Nov 2019

Tax | Tories plan 3% surcharge on overseas home buyers

Overseas homebuyers would face an additional 3% stamp duty land tax (SDLT) surcharge on any UK houses they purchase under a future Conservative government, the party has announced

22 Nov 2019

Tax | Labour to raise corporation tax to 26%

Labour plans to overhaul tax rates for the wealthiest, increase corporation tax to 26% by 2022 and overhaul the £200bn corporate tax reliefs regime if they win the election

21 Nov 2019

Tax

Politics

Image for libdems plan 1p rise all income tax rates

Tax | LibDems plan 1p rise in all income tax rates

The Liberal Democrats would raise income tax by 1p across all bands to fund the NHS, and put the corporation tax rate back to 20%

21 Nov 2019

Tax

Politics

Image for scammers target taxpayers bogus demands

Tax | Scammers target taxpayers with bogus demands

HMRC is warning taxpayers to be aware of fraudsters in the run up to the 31 January self assessment deadline from text messages to phone calls

21 Nov 2019

Tax | Off-payroll working rules: checklist for private sector employers - part 2

Liability for income tax and national insurance contributions (NICs) for contractors will move to medium to large private sector employers from 1 April 2020 under an overhaul of IR35. Andrew Brookes, head of employer solutions at Menzies LLP, explains how to get ready for the rule change

21 Nov 2019

Tax | French study favours global minimum corporation tax rate

The OECD’s proposal to introduce a global minimum corporation tax rate is likely to prove more effective at tackling multinational profit shifting

20 Nov 2019

Tax | Green Party to offer universal basic income

The current benefits systems would be replaced with universal basic income (UBI) for all, says the Green Party in their manifesto

20 Nov 2019

Tax | Lack of accounting records sinks R&D tax credit claim

A Coventry-based engineering consultancy has been given a £25,000 penalty after wrongly claiming for research and development (R&D) tax credits on over £390,000 of trading losses

20 Nov 2019