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Tax | Tax filing deadlines: Aug - Dec 2018

The key HMRC filing deadlines from August to December including employment intermediary’s quarterly report, PAYE cheque payments, online CIS return, disguised remuneration-related tax affairs

31 Jul 2018

Tax | Childcare providers to open tax-free childcare account

HMRC has issued guidance on how childcare providers can open an account to receive payments from parents through the tax-free childcare scheme

30 Jul 2018

Tax | Spike in HMRC investigations into high net worth raises £1.2bn

The amount of tax increased from the top earners and wealth creators in the country has increased by nearly a third in the last year following a spike in HMRC investigations

30 Jul 2018

Tax | Editor’s comment: growing the tax code

As HMRC continues with its attempt to close the £33bn tax gap, by releasing dozens of new tax measures as part of the Draft Finance Bill 2018-19, Sara White, editor of Accountancy asks whether all these new tax initiatives take the spotlight off Making Tax Digital for VAT which is quickly approaching

30 Jul 2018

Tax | Tax data: CGT data, HMRC rates of interest - Aug 2018

Download the HMRC CGT indexation allowance for December 2017 onwards, RPI Index for June 2018 and HMRC rates of interest, and the current stamp duty land tax (SDLT) and land and buildings transaction tax (LBTT) rates, and more

30 Jul 2018

Tax | Technology sees HMRC property raids drop 30%

There has been a 30% drop in property raids carried out by HMRC, as it shifts to using artificial intelligence (AI) and big data to gather evidence for investigations, according to analysis from Pinsent Masons.

27 Jul 2018

Tax | Publishing details of deliberate tax defaulters found ineffective

HMRC’s own research has revealed that its programme for publishing details of deliberate defaulters (PDDD) is largely ineffective as a deterrent because its aim is not well-understood

27 Jul 2018

Tax | Top football agent scores £1.2m tax avoidance own goal

An upper tribunal has found against Jerome Anderson, former football agent, in a case of disputed tax loss relief

27 Jul 2018

Tax | Record tax take from non-doms

HMRC statistics show that individuals claiming non-domiciled taxpayer status paid a record £9.4bn in UK income tax, capital gains tax and National Insurance contributions last year, despite a 25% drop in their numbers

27 Jul 2018

Tax | HMRC saves £5bn in Supreme Court compound interest ruling

HMRC is set to receive a £5bn boost after the Supreme Court ruled that tax repayments due to the Prudential Assurance Company (PAC) should be made on a simple interest basis

26 Jul 2018

Tax | Call for pension tax relief changes

The Treasury select committee has called on the government to implement wide-ranging reforms to tax relief on pensions and ISAs

26 Jul 2018

Tax | British Chambers of Commerce call for cuts in red tape

Three quarters of UK businesses believe the cost of complying with the UK tax system has escalated in the last five years according to the British Chambers of Commerce (BCC), which is calling for the government to cut ‘red tape’ and delay Making Tax Digital plans

26 Jul 2018

Tax | Tax credit income errors could cost 35,000 parents

HMRC is warning that thousands of parents could be at risk of missing out on hundreds of pounds from their tax credits by accidently reporting their income incorrectly through failure to take into account some statutory payments, ahead of next week’s deadline for renewal claims

26 Jul 2018

Tax | Farming partnership disputes: the Sargeant case

The devil is in the detail in farming accounts especially when a partnership is involved. Julie Butler, partner and Libby James, tax and accounts associate at Butler & Co, examine the recent case of Sargeant

26 Jul 2018

Tax | Nunn: tax reliefs frozen in time are all but meaningless

Yvette Nunn, director of Berkeley Associates, discusses the downsides of frozen tax reliefs and how they become meaningless years later when their value drops to a low point

26 Jul 2018

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Tax | Dodwell: withholding tax ruling on funds critical post-Brexit

Bill Dodwell, senior policy adviser at the Office of Tax Simplification (OTS), considers the importance of the recent ECJ ruling on Undertakings for Collective Investment in Transferable Securities (UCITS) funds for withholding tax

25 Jul 2018