Tax

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Tax | HMRC calls for comment on Self Assessment open investigations

Following an announcement at Autumn Statement 2014, HMRC has issued a consultation on proposals to allow HMRC to refer matters to the tax tribunal in order to speed up the resolution time for certain enquiries into Self Assessment tax returns

24 Dec 2014

Tax | OECD consults on VAT rules to counter double taxation

Plans to modernise international VAT guidelines to reduce incidences of double taxation on business-to-consumer (B2C) sales have been put out to consultation by the OECD

24 Dec 2014

Tax | OECD consults on dispute resolution and interest deductions

In the push to introduce new rules and guidance to tackle corporate tax avoidance, the Organisation for Economic Co-operation and Development (OECD) has published three discussion drafts relating to actions 4, 8-10 and 14 of its Base Erosion and Profit Shifting (BEPS) Action Plan for comment by 6 February 2015 (actions 4 and 8-10) and 16 January 2015 (action 14).

24 Dec 2014

Tax | Essentials: self-employed Self Assessment tax returns

With the impending Self Assessment tax return deadline rolling around and up to 4.6m people needing to complete one, Heather Dore, regional manager of Easy Accountancy provides essential tips and advice on how to deal with the most commonly asked tax return questions from claiming business expenses to avoiding HMRC penalties

24 Dec 2014

Tax | HMRC consults on draft legislation for Scottish rate of income tax

HMRC has published a technical note clarifying the scope of the Scottish rate of income tax (SRIT) and setting out remaining draft legislation for comment by 31 January 2014

22 Dec 2014

Tax | Government/private sector joint venture to tackle tax debt

Unpaid taxes are among the unrecovered debts to be targeted by a new joint venture set up and owned by the government and private sector operator TDX Group, an Equifax company, which has been established to provide a single point of access to a wide range of debt management and collection services for a number of government departments starting next year

22 Dec 2014

Tax

HMRC

Tax Compliance

Tax | HMRC runs online chat for queries on self assessment

For taxpayers facing a computation headache after the festive fun finishes, HMRC is providing a new online chat service to customers with self assessment (SA) queries in the run-up to the SA deadline on 31 January

22 Dec 2014

Tax | VAT waiver for WWI commemorative single

The government is to waiver the VAT on the First World War memorial single which pays tribute to the ceasefires of 1914. Called All Together Now, the song is performed by the Peace Collective, a collection of UK artists and 60 under-12 footballers from both the UK and Germany

22 Dec 2014

Tax

VAT

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Tax | HMRC publishes guidance on EU digital VAT rules

The latest VAT guidance for businesses who make cross-border supplies of digital services to consumers in other EU member states has been published by HMRC

19 Dec 2014

Tax | HMRC mid-year report highlights customer service problems

HMRC increased tax revenue collection rates in the first six months of 2014, but is still having problems handling taxpayer inquiries in a timely fashion and within targets, reveals the latest mid-year report to parliament

19 Dec 2014

Tax

HMRC

Tax | IRS updates FATCA registration details

The US tax authorites have updated the Foreign Account Tax Compliance Act (FATCA) registration details on Form 8966.

19 Dec 2014

Tax | Luxembourg caves under EU pressure to release tax details

The Luxembourg authorities have said they will hand over a list of the hundreds of tax deals signed with some of the world’s largest multinational businesses after initially promising to take the European Commission to court in a bid to keep the tax agreements secret

19 Dec 2014

Tax | HMRC issues SDLT guidance for progressive stamp duty

Following the sweeping reforms to Stamp Duty Land Tax (SDLT) announced at Autumn Statement 2014, HMRC has issued a guidance note providing further details of the changes that are being made and how they affect purchases made after 3 December 2014

18 Dec 2014

Tax | HMRC digital strategy fails to support tax agents

As part of the push to move all HMRC services to purely digital online delivery, the tax authorities have published a demographic review of paid tax agents based on their digital needs and attitudes, and the support they will require to transition to digital

18 Dec 2014

Tax

Tax Compliance

Image for rti system still too inflexible many employer users

Tax | RTI system still too inflexible for many employer users

A third of employers continue to feel that there are disadvantages to using the new Real Time Information (RTI) system to handle PAYE, and half cannot easily identify any benefits from the new system, according to an HMRC survey assessing progress

18 Dec 2014

Tax

Employment Tax

Tax Compliance