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Tax | Dodwell: could 2017 be the year for radical US tax reform?

Bill Dodwell, Deloitte head of tax policy on US tax developments set to arise due to the outcome of the presidential election and the outcome it will have on global taxation

5 Dec 2016

Tax | AS2016: key tax changes and implementation dates

Our essential snapshot of the key measures announced in Autumn Statement 2016 and Finance Bill 2017, including salary sacrifice, disguised remuneration, NIC for self employed, reduction in MPAA limit and flat rate VAT scheme

5 Dec 2016

Tax | OTS warns of tax blackhole from gig economy

HMRC is facing significant compliance issues with the rise of the so-called sharing and gig economies as it is not clear how tax on any income should be assessed and collected, according to the Office of Tax Simplification (OTS)

2 Dec 2016

Tax | HMRC fails to set out contingency plan for Making Tax Digital rollout

HMRC has not agreed contingency measures with the Treasury should it run into difficulties with plans to digitise the tax system, and must take action to ensure it has a credible plan to make savings without damaging customer service, according to a report by the public accounts committee (PAC) which says its performance remains below par in several key areas

2 Dec 2016

Tax | Plans for EU one-stop shop for online VAT payments

The European Commission is proposing to simplify rules for e-commerce across EU country borders by introducing a one-stop shop for online VAT payments that will cover goods as well as services, in a move which it says will cut compliance costs by 95%

2 Dec 2016

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Image for mps warn against rushed mtd implementation

Tax | MPs warn against rushed MTD implementation

Andrew Tyrie, chair of the Treasury committee, has challenged the government over its planned timetable for HMRC to introduce its flagship making tax digital (MTD) scheme, warning that announcements made in the Autumn Statement suggest there will need to be delays to the proposed 2018 start, or implementation will be very rushed

1 Dec 2016

Tax | OECD countries report revenues at all time high

Tax revenues collected in advanced economies have continued to increase above last year’s all-time high, with taxes on labour and consumption, particularly VAT, representing a rising share of the total, according to OECD research

1 Dec 2016

Tax | HMRC ‘complicit’ in Concentrix tax credit check failures

A scathing report on the outsourcing of tax credit checks has accused HMRC of being ‘complicit’ in a ‘cut first, think later’ approach, and claims the department was negotiating the renewal of the contract with supplier Concentrix up until four days before public outcry forced HMRC to terminate the deal

1 Dec 2016

Tax | Tax updates: December 2016

Revised code of conduct to curb excessive tax planning, confidentiality breach over Ingenious, Trump tax plan, Lifetime ISA rules fleshed out, application for tax postponement allowed

1 Dec 2016

Tax | Tax filing deadlines: Dec 2016 - Feb 2017

The key HMRC filing deadlines from December to February 2017 including PAYE settlement agreement, self assessment tax returns, PAYE cheque payments

1 Dec 2016

Tax | VAT updates: December 2016

Graham Elliott, director, City & Cambridge Consultancy on effective VAT revision prior to date of registration, capital goods scheme, VAT cases

1 Dec 2016

Tax | Employment tax updates: December 2016

Jackie Hall ACA CTA, partner at RSM on workers' employment status post Uber, NICs on Christmas gifts, trivial benefits exemption

1 Dec 2016

Tax | Editor’s comment: HMRC remains quiet over MTD

HMRC has kept a low profile in the Making Tax Digital campaign with a lack of communications to the actual end users, bar a deluge of technical consultations, something HMRC may grow to rue in the future, says Sara White, editor, Accountancy

1 Dec 2016

Tax | HMRC push to encourage personal tax account uptake

With two months to go until the January filing deadline, HMRC is urging first-time self assessment taxpayers to register for a personal tax account (PTA) in a bid to drive up usage of its online services for tax returns

30 Nov 2016

Tax | ‘Digital left-behinds’ at risk in new online tax services

The Low Incomes Tax Reform Group (LITRG) is calling for urgent action to help the ‘digital left-behinds’ it has identified, warning that these individuals may find it hard to remain tax compliant once HMRC’s Making Tax Digital (MTD) initiative starts in 2018

30 Nov 2016

Tax | St Andrew’s Day sees Scotland given tax powers

The government has chosen today, St Andrew's Day, to make the formal Parliamentary orders for the Scotland Act 2016 which confirm that landmark new income tax powers will transfer to the Scottish Parliament in 2017

30 Nov 2016