Tax | Time to reform Gift Aid tax relief for charities

The Charity Tax Commission’s latest review of the charity tax system criticised the lack of accountability over Gift Aid which is costing taxpayers £5bn a year in tax breaks to charities. Croner-i lead tax writer Stephen Relf CTA FCA explains why Gift Aid reform is overdue

18 Sep 2019

Tax

Personal Tax

Tax Compliance

Business

Charities

Tax | Nunn: do nudge taxes really work?

Yvette Nunn CTA asks whether the government’s efforts to change behaviour by putting taxes on everything from plastic bags to diesel vehicles, not to mention the apprenticeship levy on businesses, are an effective way of altering taxpayers’ mindsets

17 Sep 2019

Tax

Personal Tax

Tax Planning

Tax | Q&A: hire purchase contract and capital allowances

In our regular Q&A series from Croner Taxwise, Alexander McCarthy explains when a claimed capital allowance is allowable in the event that a hire purchase agreement on a car has not been paid off

17 Sep 2019

Tax

Business Tax

Personal Tax

Tax Compliance

Tax Planning

Tax | Mazars USA ordered to hand over Trump tax returns

Mazars USA has been issued with a court subpoena requiring the firm to supply details of Donald Trump’s personal and business tax returns covering an eight year period, in the latest stage in a lengthy legal battle to obtain information about the president’s tax affairs

17 Sep 2019

Tax

Tax Compliance

Tax | HMRC does not understand small business tax concerns

Small business taxpayers feel that HMRC does not understand their needs and are worried that any mistakes will be perceived as intentional and result in penalties

16 Sep 2019

Tax

Business Tax

HMRC

Tax Compliance

Tax | EU to investigate 39 multinationals over profit shifting tax deals

The European Commission has launched in-depth investigations into dozens of multinationals which had negotiated special tax deals with Belgian authorities to slash their tax bills

16 Sep 2019

Tax

International Tax

Tax Compliance

Tax Planning

Tax | Chancellor warned over Treasury insolvency ‘cash grab’

Leading business groups and insolvency experts have written to the Chancellor to warn that plans to prioritise repayments to HMRC over repayments to other creditors in insolvencies ‘will have serious consequences for the UK economy’

16 Sep 2019

Tax

Business Tax

VAT

HMRC

Tax | HMRC corrects error in tour operator VAT advice

HMRC has admitted to an error in its information about applying the tour operators margin scheme (TOMS), and has now published a correction and details of how businesses who have paid too much VAT from 1 March 2019 can correct the overpayment

16 Sep 2019

Tax

VAT

HMRC

Tax Compliance

Tax | UK high earners stung for more tax than European counterparts

The UK has lost the top spot as one of Europe’s low-tax jurisdictions, with top earners now paying 3% more tax than the European average

16 Sep 2019

Tax

Personal Tax

Tax Compliance

Tax Planning

Business

Careers

Tax | One in 10 employees do not receive a payslip

Around one in 20 workers report not receiving any holiday entitlement, and almost 10% do not receive a payslip, according to the Resolution Foundation

16 Sep 2019

Tax

Employment Tax

HMRC

Tax | Self assessment records used to recover £818m in unpaid council tax

HMRC has released details of data sharing arrangements with local authorities where it is trialling self assessment and tax data exchange to clamp down on council tax debt

13 Sep 2019

Tax

Personal Tax

HMRC

Tax Compliance

Business

Accountancy Firms

Tax | Google hit with €1bn French tax payment

The French government is claiming a ‘historic’ victory in a long running tax battle with Google, after reaching a €945m (£845m) settlement with the tech giant over tax fraud allegations

13 Sep 2019

Tax

Business Tax

International Tax

Tax Compliance

Tax Planning

Case Reports

Tax | Pub chain plans VAT-cut day of action

Beer drinkers have something to celebrate this weekend when national chain Wetherspoons is cutting the price of a pint in the build up to its proposed UK-wide National Tax Equality Day

13 Sep 2019

Tax

VAT

Business

Companies

Tax | Art treasures worth £58m used to settle tax

A 17th-century manor house and a Damien Hirst bronze sculpture were among cultural items accepted by the nation in exchange for tax breaks last year, with the total of £58.6m in tax settlements the highest ever

12 Sep 2019

Tax

Tax Planning

Business

Tax | Flexible NHS pension scheme consultation opens

The government has launched its promised consultation on proposals to give senior NHS doctors and nurses access to more flexible pensions, in a bid to stem the numbers of clinicians reducing their working hours or resigning because of increases in their tax bills

12 Sep 2019

Tax

Personal Tax

Pensions