Tax

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Tax | Scotland Bill debate set for 8 June to highlight tax policy issues

The Scotland Bill is to get its second reading in the House of Commons this afternoon, marking the government’s commitment to bringing new devolved powers to the Scottish Parliament, including the ability to vary the rate of Scottish income tax

8 Jun 2015

Tax

Tax Compliance

Tax Planning

Tax | OECD consults on hard-to-value intangibles rules

The OECD has announced a further short consultation on proposed changes to the transfer pricing rules or special measures for hard-to-value intangibles, which form part of its work on the Base Erosion and Profit Shifting (BEPS) project and relate to Action 8 on intangibles

8 Jun 2015

Tax

International Tax

Tax Compliance

Tax | Australia and New Zealand sign up to OECD tax exchange agreement

In a boost for international efforts to strengthen cooperation against offshore tax evasion, seven new countries have joined the agreement to exchange information automatically under the OECD/G20 standard

5 Jun 2015

Tax

International Tax

Consultations

Tax | HMRC set to revise PAYE penalty scheme for RTI returns

HMRC is going to change the way the PAYE penalty scheme operates in line with the recent announcement that the tax authority is taking a slightly more lenient line on £100 penalties for late tax returns

5 Jun 2015

Tax | Employment intermediaries guidance clarified and updated

HMRC has updated the guidance for employment intermediaries and their report template guidance due to confusion about the new rules on the gov.uk website

5 Jun 2015

Tax | Supreme Court throws out Fonecomp VAT appeal

A landmark VAT fraud case has been won by HMRC, protecting as much as £260m of taxpayers’ money, after a carousel fraud amounting to £184,000 involving Fonecomp, which will affect the outcome in up to 60 outstanding VAT cases

5 Jun 2015

Tax

VAT

Case Reports

Tax | Tax credits error rate halves, says HMRC

Error and fraud in the tax credits system has been reduced to its lowest level since tax credits were introduced in 2003, virtually halving over the last three years

4 Jun 2015

Tax | Expenses and benefits return deadlines looms, warns HMRC

HMRC has issued a reminder that employee expenses and benefits information for 2014-15 including P11D forms must be reported by 6 July 2015

4 Jun 2015

Tax | European Commission revamps tax website

The European Commission has relaunched its tax and customs website with a new look and navigation to improve usability

3 Jun 2015

Tax

Tax Compliance

Tax Planning

Tax | Top African tax legislators meet in London for tax avoidance conference

A major tax avoidance conference for 40 legislators from across Africa will be held in London next week to explore how parliamentarians can work to ensure tax transparency and greater international tax cooperation so as to put an end to tax avoidance and evasion

3 Jun 2015

Tax | IR35 tax investigations fall to five-year low as HMRC fails to tackle avoidance

HMRC has missed its target to open at least 230 tax evasion enquiries per year as part of its strategy to clampdown on disguised employment, and in resolved cases it has only recovered on average £2,240, down from £20,000 a decade ago, according to data obtained by law firm Nockolds

3 Jun 2015

Tax | Common reporting standard marks quantum leap in tax transparency

The increasing demand for tax transparency means that firms advising high net worth clients (HNWI) need to be prepared for a ‘quantum leap’ to meet international global compliance requirements and the common reporting standard, says Geoff Cook, CEO, Jersey Finance

3 Jun 2015

Leadership & Management

Tax | Employment tax updates: June 2015

David Heaton, employment tax expert, reviews the latest developments from reporting confusion over the first quarterly reports under the new intermediary rules to pensions regulation under auto enrolment and the updated employer CSL2 factsheet

1 Jun 2015

Tax

Employment Tax

Case Reports

Tax | VAT updates: June 2015

The latest developments in VAT including EC plans reform of digital tax rules for VAT and e-services, HMRC loses Southern Cross appeal at Upper Tribunal, cross-border rulings opinion to shape transparency in decisions across EU28 and India on path to single rate of nationwide sales tax

1 Jun 2015

Tax

VAT

Case Reports

Tax | Filing deadlines: June-October 2015

The key tax filing deadlines for PAYE, corporation tax, employment intermediaries' quarterly reporting and forms P46 (Car)

1 Jun 2015

Tax | Tax updates: June 2015

Our monthly roundup of key tax cases including right of appeal in Dyson partnership case, scrip dividend treated as capital for inheritance tax in settlement agreement, OECD finalises rollout of new BEPS tax avoidance rules, Summer Budget scheduled for July and HMRC recognises second union with launch of RCTU for tax staff

1 Jun 2015