Tax

Latest news

Image for budget 2018 insight report free download

Tax | Budget 2018 Insight Report - FREE download

Written by our expert team of tax authors, the Croner-i 2018 Budget Insight Report delivers expert opinion and commentary on the latest major tax changes is now available

29 Oct 2018

Tax | Predictions for a ‘quiet’ Budget

Ahead of Monday afternoon’s Budget, the first to be held under the new schedule, the Chancellor faces a tough challenge given the need to fund both the government’s pledge of an end to austerity and a £20bn boost for the NHS

26 Oct 2018

Tax | HMRC leads campaign to halt property money laundering

HMRC has initiated a government campaign, in partnership with property industry experts, which is targeting estate agents who fail to report suspicions of dirty money used to buy properties

26 Oct 2018

Tax | Underwood: no winning tape in sight with Making Tax Digital

Keith Underwood, managing director of Foulger UnderwoodKato, discusses how accountancy firms can plan for Making Tax Digital investments as well as how to get clients to move onto a default system

26 Oct 2018

Tax | Warning to Chancellor on potential IHT increases

There are suggestions that next week’s Budget could include changes to the current gifting and inheritance tax (IHT) regime but moves to increase the tax take - which hit a record £5.2bn last year - would face strong public opposition, according to a recent poll

25 Oct 2018

Tax | Scottish government to cut business rates

Holyrood has announced its Economic Action Plan, which sets out a number of priorities for economic development and includes tax cuts and investment aimed at generating growth and creating ‘prosperity for all’

25 Oct 2018

Tax | Editor’s comment: only the beginning for Making Tax Digital

As HMRC launches the full trial for Making Tax Digital for VAT, nearly a million businesses can now test out the VAT quarterly reporting system which will be mandatory from April 2019. Sara White considers the longer term HMRC approach to digital tax reporting

25 Oct 2018

Tax | HMRC wins £79m tax avoidance case

The Court of Appeal has found in favour of HMRC in a long running £79m tax avoidance case involving Teesside Power Ltd (TPL) which sought to use a scheme devised by EY to avoid corporation tax liabilities

24 Oct 2018

Tax | 100 days to go to online tax return deadline

HMRC is advising taxpayers that there are 100 days left to file their 2017/18 tax return and urging them to avoid the last-minute rush

24 Oct 2018

Tax | NAO identifies compliance risk in post-Brexit border planning

The National Audit Office (NAO) is warning that ongoing political uncertainty around Brexit and delays in negotiations has hampered planning for how the UK will manage its borders once it leaves the EU

24 Oct 2018

Tax | MP refuses to appear before Lords committee

MP Mel Stride, financial secretary to the Treasury, is under pressure to appear before a Lords committee after the publishing of a letter criticising his refusal to appear and answer questions about HMRC’s use of its powers

24 Oct 2018

Tax | Croner-i launches interactive Navigate Tax tool

Croner-i has launched Navigate Tax, a brand new interactive online system packed with practical modules for busy tax practitioners

24 Oct 2018

Tax | HMRC policy on loan charge for disguised remuneration schemes published

HMRC has published information on the loan charge which will apply to disguised remuneration loans that are outstanding on 5 April 2019, and which is expected to protect £3.2bn in tax by tackling avoidance schemes

24 Oct 2018

Tax | Dodwell: bilateral agreements curb use of treaty shopping

Bill Dodwell, senior policy adviser at the Office of Tax Simplification (OTS) unpicks one of the rules in the OECD’s Base Erosion and Profit Shifting (BEPS) project which limits the use of treaty shopping through the use of bilateral agreements

24 Oct 2018

Tax | Q&A: pension tax relief on dividends

Croner Taxwise tax adviser Amaira Badat explains the restrictions on pension contributions, including the annual allowance, the lifetime allowance, and the money purchase annual allowance

23 Oct 2018

Tax | MTD ‘heading for a giant car crash’ warns Lords committee

HMRC has only fully tested 23 software products compatible with Making Tax Digital (MTD) due to delays in rolling out the full trial and there is still widespread lack of awareness of the programme, Lords warn

23 Oct 2018