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Tax | HMRC to launch online anti money laundering register and renewal

HMRC has provided outline details of a new online, digital system for anti-money laundering supervision set to be introduced next year

13 Dec 2016

Tax | VAT waiver for Jo Cox memorial single

The Chancellor has announced that VAT on sales of the Christmas single in memory of late MP Jo Cox will be donated to charity

13 Dec 2016

Tax

VAT

Image for apprenticeship levy reporting and payment guidance published

Tax | Apprenticeship Levy reporting and payment guidance published

HMRC has issued guidance on paying the new apprenticeship levy, which comes into force from 6 April 2017 for companies with an annual pay bill of more than £3m

13 Dec 2016

Tax | Four UK-linked countries in top 15 of worst corporate tax havens

Bermuda and the Cayman Islands head a list of the world's 15 worst corporate tax havens drawn up by the charity Oxfam, while Ireland is ranked in sixth place, one slot above Luxembourg

12 Dec 2016

Tax | Saint-Amans: greater co-operation the only way to maintain tax sovereignty

Tax sovereignty is incompatible with the globalised world, according to OECD tax policy director Pascal Saint-Amans

12 Dec 2016

Tax | Salary sacrifice: even playing field

The salary sacrifice overhaul is meant to remove inequality for employees, but this is questionable, says Kingston Smith partner Andrew Constable

12 Dec 2016

Tax | HMRC guidance on follower notices and accelerate payments

HMRC has issued guidance on follower notices and accelerated payments aimed at individuals who use a tax avoidance scheme that has the same or similar arrangements to one that HMRC has successfully challenged in court

12 Dec 2016

Tax | HMRC consults on hybrid mismatch guidance

HMRC is consulting on draft guidance designed to assist understanding of the application of the hybrids mismatch legislation, introduced as a result of the OECD’s Base Erosion and Profiting Shifting (BEPS) project, which takes effect from 1 January 2017

9 Dec 2016

Tax | Spot the Ball operator hits £97m VAT jackpot

HMRC has lost its final legal challenge over the VAT status of ‘Spot the Ball’ competitions, and operator Sportech will now keep a £97m refund following the Supreme Court’s refusal to allow an appeal

9 Dec 2016

Tax | McDonald’s tax takeway from Luxembourg to UK

Fast food giant McDonald’s has announced it is moving its non-US tax base from Luxembourg to the UK, setting up a new holding company which will pay UK tax on the royalties the company receives outside the US

9 Dec 2016

Tax | Lower tax bands for cleaner company cars from 2020

Following consultation, the Autumn Statement announced that government will legislate in Finance Bill 2017 for ultra-low emission vehicles (ULEVs) for 2020-21, to focus incentives on the cleanest cars

9 Dec 2016

Tax | HMRC head supports review of image rights tax rules

The head of the HMRC has called on the government to review the ‘rather convoluted’ way in which some top-flight football players pay tax on image rights, after a specialist HMRC team dedicated to footballers’ tax affairs recovered £158m in additional yield over the past two years

8 Dec 2016

Tax | ATED annual charges set to rise

The latest charges for Annual Tax on Enveloped Dwellings (ATED) for the period 2017 to 2018, which were released as part of the Autumn Statement, have risen to reflect the September 2016 consumer price index (CPI)

8 Dec 2016

Tax | José Mourinho issues statement on tax avoidance claims

Manchester United Football Club manager, José Mourinho, has issued a statement following recent accusations claiming that he moved millions of pounds offshore to avoid paying tax

7 Dec 2016

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International Tax

Tax Compliance

Image for no delay making tax digital landlords

Tax | No delay for Making Tax Digital for landlords

Autumn Statement 2016 has confirmed that the response to the six Making Tax Digital (MTD) consultations and the provisions to implement the proposals will be published in January 2017, showing that despite pleas HMRC will go ahead with plans for full implementation by 2020

7 Dec 2016

Tax | Deck the halls with tax-free parties

With the party season about to start, ICAEW is reminding employers that there's no need to be a scrooge this Christmas as thanks to a tax break, businesses can spend a tax-free amount of up to £150 per employee each year.

7 Dec 2016