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Tax | What you need to know: annual tax on enveloped dwellings (ATED)

The introduction of annual tax on enveloped dwellings (ATED) could leave clients in a quandary unless they carefully assess their options, explains Mercer & Hole partner Liz Cuthbertson

6 Jul 2016

Tax

Property Tax

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Tax | Over 1.5m have already renewed tax credits

More than 1.5m people have already renewed their tax credits, with many choosing to go online, despite there still being four weeks left until the 31 July deadline

5 Jul 2016

Tax | European Commission kicks state aid for Spanish football clubs out of play

The European Commission has ruled that seven Spanish professional football clubs, including top teams Barcelona and Real Madrid, will have to pay back money they were given in breach of state aid rules, on the grounds this gave them an unfair advantage as other teams were not competing on a level playing field

5 Jul 2016

Tax | Call for greater clarity on childcare support taxation

The taxation regime for childcare support has become very complex and it is difficult for parents to understand how different schemes interact according to analysis by the Low Incomes Tax Reform Group (LITRG), which is warning there is a risk this confusion may lead parents to make the wrong financial decisions on which support scheme or combination of schemes to use

4 Jul 2016

Tax

Personal Tax

Tax Planning

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Tax | Scotland’s devolved taxes bring in £74m more than expected

The first set of annual receipts for Scotland’s two main devolved taxes, Land and Buildings Transaction Tax (LBTT) and Scottish Landfill Tax (SLfT), show returns have exceeded projections, according to data from the Scottish government

4 Jul 2016

Tax

Property Tax

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Tax | Conservative leadership candidates quizzed over personal tax

The five candidates who are standing in the Conservative party leadership election are coming under pressure to publish their tax returns as part of a move to ensure greater transparency over the financial affairs of the MP who goes on to become prime minister

4 Jul 2016

Tax

Personal Tax

Politics

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Tax | Osborne considers cuts to corporation tax

Chancellor George Osborne is mulling plans to cut corporation tax to under 15% in a bid to encourage continued business investment in the UK following the decision to exit the EU

4 Jul 2016

Tax

Business Tax

Politics

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Tax | HMRC updates guidance on VAT and transfer of a going concern

HMRC has published revised guidance on the rules regarding VAT and the transfer of a going concern (TOGC), following the Upper Tribunal (UT) judgement in the case of Intelligent Managed Services Limited (IMSL)

4 Jul 2016

Tax

VAT

HMRC

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Tax | Dodwell: limiting use of losses hits deferred tax treatment

Bill Dodwell, Deloitte head of tax policy, assesses new rules on limiting use of losses hits deferred tax treatment

4 Jul 2016

Tax | HMRC loses appeal after contradictory tax demand

A First Tier Tax (FTT) tribunal looking at a case where a travel operator was said to have failed to make PAYE payments for an employee has ended abruptly after HMRC was forced to admit it had sent a letter to the company stating that no tax was owed

1 Jul 2016

Tax

HMRC

Case Reports

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Tax | Tax raid on Google offices in Madrid

The Spanish authorities have made a raid on the Madrid offices of technology giant Google as part of an investigation into the multinational’s tax arrangements, which have come under scrutiny in a number of European countries

1 Jul 2016

Tax

Business Tax

International Tax

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Tax | Tax data: CGT data, HMRC rates of interest - July 2016

Download the HMRC CGT indexation allowance for March 2016, RPI Index for May 2016 and HMRC rates of interest, changes to stamp duty land tax (SDLT) and land and buildings transaction tax (LBTT) rates, and more

1 Jul 2016

Tax

Property Tax

Tax Compliance

Tax | VAT updates: July 2016

Graham Elliott, director, City & Cambridge Consultancy on HMRC IBAN changing its VAT payments, property zero rate ‘clawback’, Airtours accountancy fees and CJEU favouring HMRC

1 Jul 2016

Tax

VAT

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Tax | Employment tax updates: July 2016

Jackie Hall, partner, RSM on extended late penalty paayment scheme for PAYE, tax relief on pensions for Scottish taxpayers, exemption for trivial benefits and reform of off-payroll rules

1 Jul 2016

Tax

Employment Tax

Tax | Tax updates: July 2016

HMRC withdraws accelerated payment notices, Eclipse loses case, HMRC loses Project Blue case, judgement on the managed service company legislation, pension scheme loses ‘residential property’ argument

1 Jul 2016

Tax | Consultations Jul-Aug 2016

A roundup of current consultations from HMRC, including employee share schemes NIC elections, underwriting standards for buy-to-let mortgage contracts, draft rules on corporate offence of failure to prevent criminal facilitation, reforms to corporation tax loss relief and secondary adjustments to UK domestic transfer pricing rules

1 Jul 2016

Tax

Consultations

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Latest news

Tax | What you need to know: annual tax on enveloped dwellings (ATED)

Tax | Over 1.5m have already renewed tax credits

Tax | European Commission kicks state aid for Spanish football clubs out of play

Tax | Call for greater clarity on childcare support taxation

Tax | Scotland’s devolved taxes bring in £74m more than expected

Tax | Conservative leadership candidates quizzed over personal tax

Tax | Osborne considers cuts to corporation tax

Tax | HMRC updates guidance on VAT and transfer of a going concern

Tax | Dodwell: limiting use of losses hits deferred tax treatment

Tax | HMRC loses appeal after contradictory tax demand

Tax | Tax raid on Google offices in Madrid

Tax | Tax data: CGT data, HMRC rates of interest - July 2016

Tax | VAT updates: July 2016

Tax | Employment tax updates: July 2016

Tax | Tax updates: July 2016

Tax | Consultations Jul-Aug 2016