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Tax | Taxpayers with overseas interests must disclose unpaid tax by September

Taxpayers who know or suspect that they have unpaid tax relating to overseas assets, income or activities need to act before the deadline of 30 September 2018 to avoid incurring much higher penalties for non-compliance

23 Feb 2018

Tax | France increases council tax on second homes

Some 100,000 Britons who own second homes in France potentially face a significant hike in council tax under reforms put forward by French president Emmanuel Macron which are designed to discourage short-term holiday rentals

22 Feb 2018

Tax | Intangible fixed assets: changes to the tax rules

In a bid to curb the use of related party transactions to increase the base costs of intangible fixed assets, the government has introduced measures to change the tax treatment and plans further consultation on intangibles rules in relation to intellectual property. Paul Davies, tax specialist writer at Croner-i, reviews recent developments

22 Feb 2018

Tax | Q&A: sale of partnership assets and tax liability

Croner Taxwise tax consultant David Woolley answers questions about complex tax issues. This week he considers tax compliance issues relating to the sale of partnership assets when a partner decides to leave the partnership

22 Feb 2018

Tax | OECD consults on common reporting standard loophole

The OECD has launched a consultation on the potential misuse of residence by investment (RBI) schemes to circumvent the common reporting standard (CRS), after collecting information to suggest the practice is becoming more prevalent

21 Feb 2018

Tax | Incoming FCA chair’s ‘error of judgment’ over Ingenious investment

Charles Randell, who is the incoming chair of the Financial Conduct Authority (FCA), has admitted ‘an error of judgement’ which saw the former magic circle lawyer and government adviser end up paying £114,000 to HMRC after investing in a controversial tax avoidance scheme

21 Feb 2018

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Tax | Scottish tax changes set to hit middle earners

More than two thirds of Scottish income taxpayers will pay less tax in the new tax year on their current income, although top earners will face higher tax bills and an intermediate rate will increase tax rates by 1% for those earning over £24,000 as the Scottish parliament plans to vote through a series of progressive tax measures

21 Feb 2018

Tax | Scottish rate of income tax: what you need to know

After the Scottish government used its devolved tax powers for the first time in its recent Budget to change tax bands and create a new mid earner rate of 21%, Elaine McInroy, partner at Saffrey Champness, explains the impact of the changes on income tax rates for Scottish taxpayers from April 2018

21 Feb 2018

Tax | HMRC consults on corporate intangible fixed assets regime

HMRC and the Treasury are consulting on potential changes to the corporate intangibles regime and reforms to the administration and tax compliance in the light of changing attitudes to intellectual property (IP) and the government's aim to reduce aggressive tax avoidance

20 Feb 2018

Tax | Small businesses spend three working weeks on tax compliance

The average UK small business spends £5,000 and three working weeks every year on tax compliance, according to research from the Federation of Small Businesses (FSB), which is calling for the system to be simplified

20 Feb 2018

Tax | Panama Paper investigations to net £100m in unpaid tax

HMRC’s investigations into the content of the leaked Panama Papers are expected to generate additional tax of £100m from recalcitrant tax avoiders

20 Feb 2018

Tax | US tax reform: impact of territorial tax changes - part 1

In part one of a three-part series on US taxation, PwC US national professional services partner Donald Doran explains the impact of the swingeing changes to the country's tax system for companies with stateside interests

20 Feb 2018

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Tax | Tax returns: tips and advice on year-end tax issues

With the current tax year ending on 5 April 2018, now is the time to get your tax affairs in order. Julia Rosenbloom, private client tax partner at Smith & Williamson, outlines 10 important tax planning points to consider

20 Feb 2018

Tax | Company car uptake grows by 10k

The introduction of low tax electric cars has resulted in 960,000 individuals being provided with company cars in 2015/16, up 10,000 (1.05%) on the previous year, according to research from UHY Hacker Young

19 Feb 2018

Tax | BVI revamps limited partnership regime

The British Virgin Islands (BVI) has launched a new limited partnership regime in a bid to increase the jurisdiction’s attractions for investment funds, particularly private equity funds and joint ventures

19 Feb 2018

Tax | Quarter of tax appeals filed online

A quarter of tax appeals are now being made online according to figures from HM Courts and Tribunals Service (HMCTS), which says its newly introduced service offers a quicker, more streamlined system as part of its planned £1bn investment in digitisation

19 Feb 2018

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Latest news

Tax | Taxpayers with overseas interests must disclose unpaid tax by September

Tax | France increases council tax on second homes

Tax | Intangible fixed assets: changes to the tax rules

Tax | Q&A: sale of partnership assets and tax liability

Tax | OECD consults on common reporting standard loophole

Tax | Incoming FCA chair’s ‘error of judgment’ over Ingenious investment

Tax | Scottish tax changes set to hit middle earners

Tax | Scottish rate of income tax: what you need to know

Tax | HMRC consults on corporate intangible fixed assets regime

Tax | Small businesses spend three working weeks on tax compliance

Tax | Panama Paper investigations to net £100m in unpaid tax

Tax | US tax reform: impact of territorial tax changes - part 1

Tax | Tax returns: tips and advice on year-end tax issues

Tax | Company car uptake grows by 10k

Tax | BVI revamps limited partnership regime

Tax | Quarter of tax appeals filed online