The proposed EU common consolidated corporate tax base (CCCTB) would have a ‘significant’ impact on the tax base of Ireland if implemented, accounting firm Grant Thornton warns
The European Commission has re-booted its long-delayed plans to introduce a Common Consolidated Corporate Tax Base (CCCTB), which it says have been reworked to be more pro-business and if approved by the EU28 will reform corporate taxation across the EU
Making Tax Digital should be delayed by as much as 10 years in order to allow businesses to adopt ‘something that works after being properly tested’, according to the Federation of Small Businesses’ (FSB) national chairman Mike Cherry
HMRC’s claims the move to gather data on interest payments directly from banks and adjust PAYE codes is ‘unproblematic’ although some taxpayers are concerned about privacy, data security and confusing communications from the taxman
Five men, including two who were already in prison for a previous VAT fraud conviction, have been sentenced after an investigation by HMRC into a £600,000 tax fraud carried out at two curry house restaurants
An overhaul of PAYE Settlement Agreements (PSA) is long overdue and the latest proposals could simplify the current administrative inflexibility over expenses and benefits in kind, making the system less subjective, says Andrew Brookes, head of employer solutions at Menzies
The volume of UK tax law is often criticised as every year another 600 pages are added to the tax code, but increased transparency with the publication of company tax strategies is a welcome development. Bill Dodwell, partner and head of tax policy at Deloitte considers the growing impact of so-called soft law on taxpayer behaviour at a corporate level
An overhaul of the road tax system from April 2017 will mean that purchasers of new cars valued over £40,000 will face a five-year charge in addition to the annual road tax rate, which is set on a sliding scale
The Internal Revenue Service (IRS) said the move had prompted over 100,000 taxpayers to come forward, and credited the introduction of automatic third-party account reporting with accelerating the process.
Wales could lose ‘hundreds of millions’ a year in tax revenues if a deal to devolve tax powers to Cardiff does not take into account lower incomes and slower population growth in the country, a report suggests
The controversial tax credit contract outsourced to Concentrix, which has been slated by MPs for serious customer service failures, is being brought back in-house with immediate effect, with existing private sector staff transferring to work at HMRC in Belfast
With the Christmas season approaching, HMRC has won an appeal to the Upper Tribunal over the issue of VAT on the hire of pitches for stalls at organised events such as game fairs, rural shows and craft fairs, which has overturned the previous ruling by a First Tier Tribunal (FTT) that no VAT was due
Bury Football Club is facing another winding up petition from HMRC, following on from one which it successfully challenged earlier this year, and claims the tax authority is ‘intent on winding a football club up'