Tax

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Tax | Worker rights and employment status under Good Work Plan

Government plans to separate the frameworks for determining employment status for tax and employment rights purposes following the Taylor Review of Modern Working Practices could overhaul the position of the self employed. David Williams-Richardson, tax partner at RSM, examines the Good Work Plan proposals

28 Jan 2019

Accountancy Firms

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Tax | Premier League football delivers £3.3bn in tax

HMRC is scoring big when it comes to football finance, with a £3.3bn total tax take from the Premier League in the 2016/17 season, up by 50% from 2013/14

25 Jan 2019

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Tax | Taxpayers face £24bn bill from oil and gas decommissioning reliefs

Tax reliefs to support decommissioning of the UK’s offshore oil and gas infrastructure are set to cost £24bn, although the actual figure is highly uncertain according to a report by the National Audit Office (NAO), which says there are there are gaps in the government’s understanding of the costs and benefits of changes to the tax regime

25 Jan 2019

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Tax | HMRC sets up innovation team to drive IT collaboration

HMRC is investing more resources in technology, artificial intelligence (AI) and ground-breaking technology with the creation of the first innovation team at the tax authority briefed to collaborate with external IT specialists to develop innovative software to improve tax collection and close the tax gap

25 Jan 2019

Making Tax Digital

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Tax | HMRC unaware of Welsh taxpayer numbers ahead of devolved taxes

A report from the National Audit Office (NAO) has stated that identifying the Welsh taxpayer population is the main challenge to HMRC in implementing the Welsh rates of income tax, which come into force from April 2019

24 Jan 2019

International Tax

Tax | Time limits for discovery assessments into tax returns clarified

HMRC has clarified the rules on time limits for making a discovery assessment into a tax return where the loss of tax is due to avoidance

24 Jan 2019

Law and Regulation

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Tax | One week left for 3.5m self assessment filers

More than 3.5m people have just one week left to complete their self assessment tax returns and pay any tax owed, HMRC is warning

24 Jan 2019

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Tax | How can a taxpayer ever rely on HMRC guidance?

A recent case of disputed VAT on credit card payments led to doubts about when guidance issued by HMRC can be relied upon. Emma Rawson, technical officer at the Association of Taxation Technicians (ATT), examines the thorny issue this raises for taxpayers

24 Jan 2019

Law and Regulation

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Tax | Making Tax Digital: looking to the future

The arrival of Making Tax Digital (MTD) for VAT reporting from April 2019 is forcing businesses to upgrade their accounting practices. David McGeachy and Alison Hobbs of Saffery Champness examine the future plans for the extension of MTD to all taxes

24 Jan 2019

Making Tax Digital

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Tax | Construction company or tax collector?

If building companies find the Construction Industry Scheme (CIS) onerous, the extension of IR35 off-payroll working to private companies will create even more tax compliance work. Ross Stupart, tax partner at RSM, explains

24 Jan 2019

Image for hmrc warns 200000 parents risk losing out state pension

Tax | HMRC warns 200,000 parents risk losing out on state pension

Over 200,000 parents are at risk of missing out on their future state pension in families where one parent does not work, due to childcare commitments, and the other is the higher household earner and claiming child benefit, HMRC has revealed

23 Jan 2019

Image for eu tax gap tops ps825bn annually

Tax | EU tax gap tops £825bn annually

The EU tax gap resulting from largely domestic tax evasion could be as high as €825bn a year, with up to €190bn also lost through corporate tax avoidance, according to a report from the Socialists and Democrats Group in the European Parliament

23 Jan 2019

Image for simplification inheritance tax review whats scope

Tax | Simplification of inheritance tax review: what's in scope

The government is planning to overhaul the inheritance tax system with a review of the administration of estates and the more complex aspects where trusts are involved in planning. Sarah Arnold FCA CTA, tax writer at Croner-i, highlights the key proposals

23 Jan 2019

Image for hmrc admits tax return penalty error

Tax | HMRC admits tax return penalty error

HMRC has been forced to admit that it issued penalty notices for late filing in error to hundreds self assessment taxpayers, just days after denying claims that this had occurred

22 Jan 2019

Image for ronaldo accepts eu188m fine spanish tax failings

Tax | Ronaldo accepts €18.8m fine for Spanish tax failings

Star footballer Cristiano Ronaldo has accepted a €18.8m (£16.5m) fine and a suspended 23-month jail sentence from a Spanish court, as part of a deal to settle charges of tax evasion in Spain

22 Jan 2019

International Tax

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Tax | Spain to introduce digital services tax

Spain is set to introduce a digital services tax (DST) which would be levied at 3% on the digital revenues of large tech companies, along with a financial services transactions tax, which together are expected to raise around €2bn (£1.76bn) a year

22 Jan 2019

International Tax

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