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Tax | Actors call for tax relief to boost diversity in TV and film

Sir Lenny Henry, as well as other prominent TV and film stars, are calling for tax relief for production companies to encourage them to employ women, disabled individuals and people from black, Asian and minority ethnic (BAME) backgrounds

7 Nov 2018

Tax | Oury: did Brexit or tax trigger the Unilever decision?

When Unilever decided to keep its global headquarters in the UK, many jumped on the decision as a boost for Brexit but tax jurisdiction matters are the more likely reason. Andrew Oury, partner at Oury Clark, considers the tax issues

7 Nov 2018

Tax | HMRC chases GE for $1bn tax shortfall

General Electric has filed documents with the Securities and Exchange Committee (SEC) revealing that HMRC is investigating it for an alleged $1bn (£770m) shortfall in tax paid between 2004 and 2015

7 Nov 2018

Tax | EU plans 3% digital services tax by end of 2018

The EU is considering proposals to introduce a digital services tax on multinational tech giants, mirroring the UK's proposed digital tax, with the French finance minister calling for agreement before the end of the year

6 Nov 2018

Tax | Probate fees to rise to £6K for largest estates

Plans to hike the cost of probate with the introduction of banded fees will see estates valued at over £1m paying £4,000 in fees from April 2019

6 Nov 2018

Tax | Q&A: professional gamblers and taxable winnings

Croner taxwise tax advisor Vivienne Cheung looks at the income tax liabilities of a professional poker player with no other earnings

6 Nov 2018

Tax | HMRC delays late payments penalty reforms

Planned reforms to HMRC’s penalty regimes for late submission and payment of tax due are to be further delayed while the department considers how best to communicate the changes, with papers published following the Budget indicating there are unlikely to be any change before April 2021 at the earliest

5 Nov 2018

Tax | Overdue VAT reaches five-year high

There has been a 22% rise in the value of unpaid VAT owed to HMRC by UK businesses to £3bn, up from £2.48bn the previous year, as late payments leave businesses with cashflow difficulties

5 Nov 2018

Tax | Disputed tax from big business hits £27.8bn

Figures released today show that the amount of underpaid tax in dispute with the UK’s 2,000 largest businesses increased to £27.8bn in 2017/18, a 12% increase on the previous year, as HMRC steps up its investigative activity

5 Nov 2018

Tax | Selling your home and principal private residence relief

Yet again in Budget 2018, second home owners were targeted with a number of changes to the principal private residence (PPR) relief rules such as halving the exempt period to nine months from April 2020. Courtney Halifax CTA ATT, tax manager at Mercer & Hole, examines the tax implications for anyone selling property

5 Nov 2018

Tax | Budget 2018 briefing: key measures at a glance

In our roundup of Budget 2018 essentials, we review the key tax measures for businesses and individual taxpayers, from a time-limited hike in annual investment allowance to £1m, retention of entrepreneurs’ relief, frozen VAT threshold, a digital services tax for tech giants and an unexpected increase in the personal allowance

2 Nov 2018

Tax | Treasury’s cat not creaming off cash

Taxpayers have had a ‘purr-fect’ Budget present with the news that Gladstone, the Treasury’s resident cat with specific mouse hunting duties, is not costing them a penny this year and has not been on the payroll - either as a full-time employee or via a personal services contract - since his appointment

2 Nov 2018

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Personal Tax

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Tax | HMRC to refund child benefit penalty charges

HMRC has announced a U-turn in its policy towards taxpayers who failed to register for the high income child benefit charge (HICBC) when required, and is to issue automatic penalty refunds for those able to demonstrate a ‘reasonable excuse’

2 Nov 2018

Tax | Williams: Making Tax Digital is a business opportunity for accountants

Making Tax Digital (MTD) should be seen as a chance for accountants to forge stronger links with clients, argues Nick Williams, head of UK accountants for Intuit QuickBooks

2 Nov 2018

Tax | ‘Cracks showing’ in HMRC performance under Brexit pressures

MPs are warning 'cracks are showing' as HMRC seeks to manage a ‘daunting’ workload in advance of Brexit, with mounting concerns about the possible impact of delays introducing its new customs system on businesses adapting to a new VAT regime

2 Nov 2018

Tax | Denning: US may strike back at digital services tax

Chris Denning, head of international and corporate taxation at MHA MacIntyre Hudson, suggests that the US might retaliate against the UK’s digital services tax introduced in the Autumn Budget

2 Nov 2018