Tax

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Image for rent room tax relief review could hit online room booking services

Tax | Rent a Room tax relief review could hit online room booking services

As part of a review of property tax reliefs, the Treasury has released a consultation on the future of rent a room relief for individual landlords and online room booking services, which could see an overhaul of the current rules, which were introduced 25 years ago pre-internet

1 Dec 2017

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Tax | Claims period for pensions tax relief halved

Pension scheme administrators that reclaim tax relief face a reduced period for making claims under new legislation brought forward by the government

1 Dec 2017

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Tax | Finance Bill 2017-18 published

The government has published Finance Bill 2017-18 legislating for tax changes announced in last month’s Budget, which include plans to introduce a stamp duty land tax (SDLT) relief for first-time buyers, cracking down on offshore tax avoidance and the use of disguised remuneration, and increasing tax incentives for investment in innovation

1 Dec 2017

Law and Regulation

Tax | OECD updates guidance on country-by-country reporting

The OECD’s inclusive framework has released additional guidance designed to provide certainty to tax administrations and multinationals on the implementation of country-by-country reporting (CBCR) in several specific areas, as part of action 13 in its base erosion and profit shifting (BEPS) project

1 Dec 2017

International Tax

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Tax | EU sets out plans to crack down on VAT fraud

The European Commission has put forward rules designed to make the EU's VAT system more fraud-proof and to close loopholes which can lead to large-scale VAT fraud, by enabling member states to exchange information more quickly and cooperate more closely to tackle losses estimated to be over €50bn a year

1 Dec 2017

International Tax

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Tax | VAT updates: December 2017

Graham Elliott, VAT expert at City & Cambridge Consultancy considers legal costs disallowed in Praesto VAT case, exempt membership subscriptions, CLEU backs farmer's flat rate scheme

1 Dec 2017

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Tax | Employment tax updates: December 2017

Jackie Hall ACA CTA, partner at RSM on interest rate rise hits buy-to-let landlords, HMRC migrates to online only alerts, HMRC terminates post office payments, list of professional subscriptions updated

1 Dec 2017

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Tax | Tax updates: December 2017

This month's review of tax cases and tax news including HMRC assessment powers curbed by HMRC, late non-resident CGT filing appeal allowed in Saunders, Littlewoods loses £1,25bn interest payment dispute

1 Dec 2017

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Tax | Claiming R&D relief for an SME business – NEW CPD module

This month's exclusive CPD module focuses on how to calculate research and development (R&D) relief covering the various conditions, qualifying expenditure and the procedure for SME applications where there are surrenderable losses

1 Dec 2017

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Tax | Jim Harra made second permanent secretary at HMRC

Jim Harra has been appointed second permanent secretary at HMRC, following Edward Troup’s upcoming retirement from the tax authority

30 Nov 2017

Accountancy Firms

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Tax | IT delays hit Ireland’s online country-by-country reporting

Ireland’s tax authority has had to extend the deadline for multinationals to submit their first country by country (CbC) reports, which are due on 31 December, into next year after delays with implementing a new online filing system

30 Nov 2017

International Tax

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Tax | Tax filing deadlines: Dec 2017- Apr 2018

The key HMRC filing deadlines from December 2017 to April 2018 including deadline for PAYE cheque payments, online CIS returns, online personal tax self-assessment returns

30 Nov 2017

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Tax | HMRC flags up 31 January self assessment deadline

Two decades after HMRC took its first step into the digital age with the birth of electronic self assessment, the tax authority is reminding taxpayers to complete their online tax return ahead of the 31 January deadline, although the introduction of simple assessment will see fewer people pulled into the system

30 Nov 2017

Image for tax data cgt data hmrc rates interest dec 2017

Tax | Tax data: CGT data, HMRC rates of interest - Dec 2017

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

30 Nov 2017

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Tax | Finance directors failing to comply with SAO rules

HMRC issued over 100 penalties to corporate senior accounting officers (SAOs) last year, continuing a trend of a 150% rise in the last five years and underscoring the need to ensure tax compliance arrangements are properly monitored, according to analysis by Pinsent Masons

29 Nov 2017

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Tax | Dodwell: tax reporting should not disadvantage UK groups

Bill Dodwell, partner and head of tax policy at Deloitte, discusses country-by-country reporting and tax disclosure, following the release of the Paradise Papers, arguing that the requirements of reports may give an unfair view of multinationals overall tax contribution

29 Nov 2017

International Tax

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