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Tax | HMRC loses appeal on single farm payment VAT charges

HMRC has lost an appeal at the Court of Session in Scotland over the rights of farmers to reclaim VAT on the purchase of single farm payment entitlements (SFPEs), in a decision which has far-reaching consequences for a range of taxpayers including farmers and the not-for-profit sector

13 Dec 2017

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Tax | Facebook swaps Irish tax arrangement for local bookings

In a significant shakeup of its tax structure, US tech giant Facebook is to abandon its previous tax arrangement, whereby all advertising revenue was routed via its international headquarters in Ireland, and instead book sales in the country in which they take place

13 Dec 2017

International Tax

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Tax | Tax advisers need to update old Windows operating systems

HMRC is advising agents and accountants to update old Windows operating systems such as Windows 7 to ensure that client data is protected and cannot be breached by hackers, stressing that under HMRC Agent Standards advisers are responsible for protecting clients' data and confidentiality

13 Dec 2017

Making Tax Digital

Accountancy Firms

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Tax | European finance ministers challenge US tax reforms

Chancellor Philip Hammond and four other European finance ministers have sent a warning to the US administration over its planned overhaul of the US tax system, saying the reforms risk breaching the country's double taxation treaties and could be at odds with World Trade Organisation (WTO) rules

12 Dec 2017

International Tax

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Tax | Scrap merchant owing £9.6m heads tax defaulters’ list

Scrap dealer Premier Metals (Leeds) Ltd tops this quarter’s list of deliberate defaulters published by HMRC, paying a £4.7m fine for failure to pay £9.6m of tax owed for the period April to September 2013

12 Dec 2017

Called to Account

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Tax | Hallam: government anti-VAT fraud proposals have teeth

As the government seeks to curb online VAT fraud after additional measures were announced in the Budget, Nicholas Hallam considers what impact the policy might have

12 Dec 2017

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Tax | HMRC issues VAT refund interest guidance post Littlewoods ruling

HMRC has published guidance underlining the ruling that statutory interest in case of refunds for overpaid VAT is all that is required, not compound interest, following the Supreme Court judgment in the case brought by Littlewoods Retail Ltd

12 Dec 2017

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Tax | Case: late non-resident CGT filing appeal allowed in Saunders

A taxpayer's appeal against the issuing of late filing penalties by HMRC, after she failed to file a non-resident Capital Gain Tax (CGT) return on time, was allowed by a First Tier Tribunal (FTT) after it found that there was a reasonable excuse

12 Dec 2017

Image for gaar advisory panel shuts down contrived trust interest scheme

Tax | GAAR Advisory Panel shuts down 'contrived' trust interest scheme

Tax arrangements using distributions and benefits through trust interests to extract cash tax free are ‘not a reasonable course of action’, according to the GAAR Advisory Panel

11 Dec 2017

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Tax | Watch out for taxman when planning Christmas events

With staff Christmas parties in full swing, companies need to ensure they keep the taxman happy as well as employees, by staying within the rules for festive events and gifts, particularly where offices and staff are spread around several locations

11 Dec 2017

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Tax | 40% of taxpayers need help with Making Tax Digital preparations

The majority of small businesses and landlords anticipate consulting an accountant for support in meeting the requirements of digital reporting under Making Tax Digital with nearly half of taxpayers (40%) calling for extra guidance, HMRC research has shown

11 Dec 2017

Making Tax Digital

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Tax | Guidance on sharing HMRC VAT registration data

HMRC has published guidance for credit reference agencies wanting to apply for VAT registration data for use in making financial assessments, as part of a move to improve access to credit and finance for small businesses and startups

11 Dec 2017

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Tax | Plans for ‘conditionality’ measures to tackle £3.5bn hidden economy

HMRC is consulting on proposals to introduce ‘conditionality’ measures to tackle the hidden economy, which would make compliance with certain tax obligations a condition of holding some licences, and introduce checks on applicants’ tax-registration status as part of licensing processes

11 Dec 2017

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Tax | Case: Information Notice ‘reasonably required’

A taxpayer's appeal has been dismissed by a First Tier Tribunal (FTT) after it found that a information notice issued by HMRC, after conducting a check on the taxpayer's tax affairs, was 'reasonably required'

11 Dec 2017

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Tax | Maas: Chancellor made little impact in Budget

Philip Hammond's policy announcements in the Budget 2017 will ultimately have little impact, says CBW tax partner Robert Maas

8 Dec 2017

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Tax | Budget 2017: implementation dates effective November 2017 onwards

Our essential snapshot of the key measures announced in Budget 2017, Finance Bill 2017/18 and NICs Bill including CGT indexation allowance, SDLT and rise in R&D tax relief

7 Dec 2017

Making Tax Digital

International Tax

B&ADTV

Croner Intelligence versus Generative AI

Keeping up with your CPD and ISQM requirements

People with significant control

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