Tax

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Tax | Franco-German push for single EU corporation tax

For much of the EU's history, harmonisation of the member’s tax rules was not on the agenda, but following the election of Emmanuel Macron to the French presidency earlier this year, it is now a top priority

23 Aug 2017

Tax | Earners up to £200K worst hit by 45% tax rate, says IFS

An increase in the higher rate of income tax to 45% on incomes above £80,000, and a 50% rate on incomes above around £125,000, could raise up to £2bn in additional tax revenues, according to analysis by the Institute for Fiscal Studies (IFS)

22 Aug 2017

Tax | HMRC launches user panel to improve digital services

HMRC is seeking individuals to sign up to its user panel to help improve its online services and content, while ensuring the gov.uk website works correctly ahead of the digitisation of the tax system under the Making Tax Digital project

22 Aug 2017

Tax

HMRC

Tax Planning

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Tax | Farming: herd basis of taxation - part 2

In part two of our exclusive series on farming taxation and accounting, Michael Parker CTA, head of tax at the National Farmers Union (NFU), considers the pros and cons of making a herd election

22 Aug 2017

Tax | HMRC offers payment to parents for childcare website failures

HMRC has offered compensation to parents affected by the technical issues with tax free childcare when the service first launched in April, and is considering refunding costs caused by delays and mistakes due to the service not working as planned

22 Aug 2017

Tax

Personal Tax

HMRC

Tax | HMRC signs office lease for Cardiff regional hub

HMRC has signed a 25-year lease for its Cardiff regional hub, which developers have claimed is the largest office deal ever signed in Wales, with the tax authority panning to move 4,000 staff into the offices by 2020

22 Aug 2017

Tax

HMRC

Tax Planning

Image for economic trends rising taxes buy let landlords

Tax | Economic trends: rising taxes on buy-to-let landlords

Martin Beck, senior economist at Oxford Economics warns about the risks of an increasingly unaffordable property market and threat of ever rising taxes on buy-to-let landlords, making it harder to expand home ownership

21 Aug 2017

Tax | Taxation for landlords: the cash basis

Plans to move landlords onto the cash basis have been put on hold due to the recent general election but are likely to make it into the second Finance Bill in autumn. Stephen Relf ACA CTA, tax writer at Wolters Kluwer, considers the implications of the cash basis for landlords

21 Aug 2017

Tax | Apple’s €13bn Irish tax bill ‘unjustified’, claims finance minister

Irish finance minister Paschal Donohue has branded the European Commission’s decision that Dublin collect up to €13bn (£11bn) in back taxes from Apple as unjustified

21 Aug 2017

Tax

International Tax

Tax Compliance

Image for diageo facing challenge over diverted profits tax

Tax | Diageo facing challenge over diverted profits tax

Drinks giant Diageo has revealed it is challenging a £107m assessment from HMRC under the diverted profits tax (DPT) regime, which came into effect in April 2015 and is intended to counter aggressive tax avoidance by multinational companies in the UK

18 Aug 2017

Tax | HMRC’s Liverpool regional hub choice controversial

HMRC has announced its choice of location for its new regional hub in Liverpool, but is facing opposition from MPs and campaigners who say the planned alterations to the local landmark building will impact its appearance and remove a public amenity

18 Aug 2017

Tax

HMRC

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Tax | Newham Council ramps up search for BTL tax evaders

The mayor of Newham Council in London is calling on the government to tackle tax evasion among landlords after a survey revealed almost half are not registered for self assessment and may be making inaccurate tax declarations or failing to declare rental income

18 Aug 2017

Tax

Personal Tax

HMRC

Image for risk based paye penalties continue 2017 18

Tax | Risk-based PAYE penalties to continue in 2017-18

HMRC is continuing with a risk-based approach to PAYE late filing penalties for the tax year beginning 6 April 2017, with the first penalties of the year being issued in September

17 Aug 2017

Tax | LITRG urges fast action on missed tax credit renewals

The Low Incomes Tax Reform Group (LITRG) is urging taxpayers who have missed the end of July tax credit renewals deadline to contact HMRC urgently, in order to get payment reinstated

17 Aug 2017

Tax | Dodwell: senior accounting officer penalties and appeals

HMRC has lost the first appeal to be heard at tribunal in relation to the senior accounting officer (SAO) regime. Bill Dodwell, partner and head of tax policy at Deloitte considers the implications for accountants

17 Aug 2017