Tax

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Tax | Consultations: Aug-Sep 2019

This month's HMRC and Treasury consultations focus on an overhaul of Companies House' business disclosure regime, plans to simplify VAT capital goods scheme, cross-border tax disclosure rules and reduction in employment allowance NICs 2 threshold

31 Jul 2019

Tax | Errors on self assessment statements are a 'fiasco'

Some taxpayers face unexpected tax bills due to a technical error with HMRC’s IT system which means that self assessment statements were sent out with the wrong information

30 Jul 2019

Tax | Ingenious film scheme ruled tax avoidance at appeal

HMRC has scored a win at the Upper Tribunal as judges rule that the Ingenious film scheme was tax avoidance with the tax authorities expecting to recoup millions in unpaid taxes

30 Jul 2019

Tax | OTS reviews tax reporting for self employed

The Office of Tax Simplification (OTS) has launched a project to review tax reporting and payment arrangements for self-employed people and buy-to-let landlords

30 Jul 2019

Tax | Q&A: loan charge reporting for EFRBS

Croner Taxwise tax adviser Amaira Bada unpicks the tax and reporting liabilities for a client reporting under the loan charge requirements for an employer financed retirement benefit scheme (EFRBS)

30 Jul 2019

Tax

Employment Tax

HMRC

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Tax | Number of inheritance tax investigations increases

One in four estates face investigations over their inheritance tax (IHT) payments as HMRC ramps up anti-avoidance activity with probes into £1.3bn worth of tax liability

29 Jul 2019

Tax | Company cars: statutory mileage allowance - part 3

Julie Clift, tax writer at Croner-i, looks at the tax implications when a company reimburses an employee for using their own car on company business, taking into account the latest statutory mileage rates

29 Jul 2019

Tax | HMRC consults on cross-border tax disclosure rules

The government is consulting on new rules required to implement an EU directive that will require the disclosure to HMRC of certain cross-border arrangements that could be used to avoid or evade tax

26 Jul 2019

Tax | FTSE 100 United Utilities awarded Fair Tax Mark

The UK’s largest listed water company, United Utilities, is the latest organisation to be certified as an accredited Fair Tax Mark business

26 Jul 2019

Tax | Third of tax credit claimants need to renew by 31 July deadline

HMRC is urging taxpayers to renew tax credits as there are just six days to go before the 31 July 2019 deadline, otherwise payments will stop

25 Jul 2019

Tax | Construction industry reverse charge VAT ‘chaos’

Just over two months before major changes to VAT invoicing take effect for the construction industry, two thirds of SMEs in the sector know nothing about the new reverse charge regime, reports Pat Sweet

25 Jul 2019

Tax | Sajid Javid replaces Philip Hammond as Chancellor

Boris Johnson has named Sajid Javid as Chancellor of the Exchequer in one of his first top ministerial appointments as prime minister, with Rishi Sunak as number two at the Treasury

25 Jul 2019

Tax | Apprenticeship levy proves ‘empty promise’ on training

The apprenticeship levy, designed to boost workplace training, has proved an ‘empty promise’ and needs urgent reform, according to the Chartered Institute of Personnel and Development (CIPD)

24 Jul 2019

Tax | Plastic waste tax set for 2022 launch

The Treasury plans to go ahead with plans for a single-use plastic waste tax, covering all plastics and chargeable by weight, although it will not become law for three years

24 Jul 2019

Tax | Government to set up standards committee to scrutinise HMRC powers

HMRC is to be put under greater scrutiny, with a new professional standards committee to oversee its use of wide-ranging powers to tackle tax avoidance and evasion

24 Jul 2019

Tax

HMRC

Image for advance loans disguised remuneration schemes break tax rules

Tax | Advance loans in disguised remuneration schemes break tax rules

HMRC is warning that some disguised remuneration schemes used by umbrella companies to avoid income tax and National Insurance contributions (NICs) by using loan advances contravene tax rules

24 Jul 2019