Tax

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Image for call abolition air passenger duty boost economy

Tax | Call for abolition of air passenger duty to boost economy

A newly formed lobby group of airline operators, Airlines for Europe (A4E), is calling on the UK government to abolish air passenger duty (APD) in a bid to boost GDP and create new jobs, even though the cost to the Treasury would be £3bn annually

13 Sep 2016

Tax | ‘Incomprehensible’ EU budget needs reform, say MEPs

A group of MEPs let by former commissioner Mario Monti has criticised the EU’s ‘inflexible’ budgetry arrangement, adding it relies too much on member states’ contributions

12 Sep 2016

Tax

Politics

Image for push eu mandatory disclosure tax avoidance schemes

Tax | Push for EU mandatory disclosure of tax avoidance schemes

Slovakia, the current president of the EU council, challenges finance ministers from all the EU member states to introduce mandatory disclosure rules for intermediaries including accountants who seek to profit from the promotion, design or implementation of tax avoidance schemes

12 Sep 2016

Tax | MTD webinar reveals taxpayers' worries about time constraints

The time constraints involved in the Making Tax Digital (MTD) scheme appear to be one of the main concerns to taxpayers, according to polling results and questions asked during one of HMRC’s MTD webinars

12 Sep 2016

Tax | HMRC switches to online acknowledgements for corporation tax returns

As part of the preparation for full digitisation of HMRC services, the tax authority is reviewing the paper communications it currently has with tax agents about corporation tax returns

12 Sep 2016

Tax | Government to extend corporate ‘failure to prevent’ offence to top directors

The government is set to consult on plans to extend the scope of the criminal offence of a corporation ‘failing to prevent’ offending beyond bribery to include other economic crimes, such as money laundering, false accounting and fraud, saying it wants to ensure senior management takes responsibility for any financial wrongdoing which is uncovered

12 Sep 2016

Tax | Wales to introduce bill raising first tax in 800 years

The Welsh government is publishing a bill today to introduce a new land transaction tax (LTT), which will replace stamp duty land tax in Wales from April 2018, marking the first time Wales has raised its own taxes in nearly 800 years

12 Sep 2016

Tax

Property Tax

Tax Planning

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Tax | Former HMRC chief Homer takes University of Birmingham post

Former HMRC chief executive Dame Lin Homer has taken an unpaid role on the governing body of the University of Birmingham

9 Sep 2016

Tax | MPs to vet future Office of Tax Simplification key appointments

MPs are to be given a bigger role in scrutinising the choice of future heads of the Office of Tax Simplification (OTS), after the Treasury has signalled it has had a change of heart on the issue

9 Sep 2016

Tax

HMRC

Tax Compliance

Image for investors sue ingenious media ps100m losses

Tax | Investors sue Ingenious Media for £100m losses

A group of investors in Ingenious Media's film and game investment partnerships is taking legal action against the company and banks including UBS and Coutts, after the latest First Tier Tribunal (FTT) ruling branded elements of the scheme as tax avoidance, reports Pat Sweet

9 Sep 2016

Tax | Making Tax Digital: the impact on authorised tax agents

HMRC’s Making Tax Digital (MTD) programme is set to change how businesses and individuals pay their tax. Alan Boby, head of tax and wealth planning at Ellacots explains the large impact the policy will have on businesses and accountants

9 Sep 2016

Tax | Spreadsheets under threat in Making Tax Digital consultations

HMRC is reviewing the future role of the spreadsheet and whether it will be able to interface with the HMRC Making Tax Digital system, and hence whether it can be used to produce the required filings

9 Sep 2016

Tax | Scotland raises £572m from stamp duty and landfill tax

In the first year of collecting devolved taxes, Revenue Scotland has raised more than half a billion pounds of tax from stamp duty and landfill taxes, up £70m on budget expectations

9 Sep 2016

Tax | Labour Party proposes its own HMRC reforms

On the back of HMRC’s plans to restructure, the opposition party, Labour, has revealed its own plans to reform HMRC, proposing the creation of a supervisory board, consisting of stakeholders, to improve on the quality of service, strengthen public accountability and tackle tax evasion, reports Amy Austin

8 Sep 2016

Tax

HMRC

Politics

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Tax | Post Brexit Autumn Statement set for 23 November

The Chancellor, Philip Hammond, has confirmed that he will present his first Autumn Statement to parliament on 23 November 2016

8 Sep 2016

Tax | Scotland offers £500m post-Brexit business support

The Scottish government has decided to offer a new £500m package of financial support for private sector business investment, after concerns that increased Brexit uncertainty is making it harder for companies to find funding

8 Sep 2016