In part seven of our exclusive series on buy-to-let taxation, Adam Kay, partner at Saffrey Champness, reviews the impact of the 3% SDLT levy on additional property purchases
Landlords have shown strong support on being taxed on the cash basis as part of the Making Tax Digital plans saying that it is an important and strong aspect for small landlords as well as showing overall positivity towards digitalisation, as part of evidence given to the Lords Committee
Small businesses could face a wait of up to 10 years before they see a return from investing in becoming compliant with Making Tax Digital, members of the House of Lords’ Economic Affairs Committee have heard. Calum Fuller reports
The rigid framework of quarterly reporting under Making Tax Digital does not make sense for the farming community due to accounting complexity, use of capital allowances and seasonality of the business, NFU head of tax tells Lords committee. Sara White reports
Republicans have voted against releasing President Donald Trump’s tax law returns after Democrats attempted to use a forgotten 1920s law to order the Treasury to release the President’s returns to the ways and means committee, following Trump’s continued refusal
Farmers, small businesses and landlords are to give evidence to the Economic Affairs Finance Bill sub-committee on the government's Making Tax Digital project today
UK and overseas poker players competing in the World Series of Poker (WSOP) tournament and other events held in the US risk their winnings becoming subject to a 30% US tax, after an expert in gambling taxation highlighted changes to the way the Internal Revenue Service (IRS) plans to apply the rules
There has been a sharp drop in the amount of unpaid stamp duty land tax (SDLT) collected by HMRC over past year, which was a third of the previous year’s total, suggesting the crackdown on property-based tax avoidance schemes is having an impact, according to law firm Collyer Bristow
Plans to crackdown on abuse of the VAT Flat Rate Scheme (FRS) may be ineffective and have unwelcome consequences for tax compliant small businesses, claims CIOT
Making Tax Digital will be back in the spotlight on Wednesday as sneior HMRC officials are called up to give evidence at the House of Lords committee reviewing the draft clauses of the Finance Bill
The Fair Tax Mark group, an independent accreditation process assessing corporation tax practices and reporting, has launched an interactive map showing businesses signed up to the scheme
HMRC and National Trading Standards, the body which protects consumer rights, have agreed to step up their exchange of information in order to crack down on rogue estate agents
The EU has signalled plans to ramp up its work to tackle harmful tax practices internationally, with the Council working group that oversees implementation of the EU's code of conduct on business taxation finalising a list of jurisdictions that are considered non-cooperative in tax matters to be published shortly
EU plans for country-by-country reporting could target a much broader base of multinationals if proposals from the European parliament’s Committee on Economic and Monetary Affairs to slash the current threshold are adopted
The Office of Tax Simplification (OTS) has said it will now be publishing its corporation tax computation review later in March, after the spring Budget, and has also confirmed that Paul Morton will formally take over as tax director from John Whiting next month
Concerns are mounting that some self-employed workers are at risk of missing out on future pension payments because of a lack of clear communication between HMRC and the National Insurance office (NI office) over payment of Class 2 National Insurance contributions (NICs)