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Tax | AS 2014: overhaul of stamp duty sees end of £250k hike

The Chancellor launched a salvo against Labour’s mansion tax plans in the Autumn Statement with the announcement that he planned a major overhaul of stamp duty on property purchases, introducing a progressive tax regime to replace the current punitive Stamp Duty Land Tax (SDLT) thresholds

3 Dec 2014

Tax | AS 2014: tax reliefs for business as austerity cuts continue

The austerity cuts will continue for the next three years although the Chancellor has announced a number of major infrastructure projects in his Autumn Statement, as well as a number of new and extended tax reliefs for business, particularly for research and development for small business innovators, tax breaks for orchestras and childrens' TV production companies, and even the removal of air passenger duty (APD) for children under 12 from 2015

3 Dec 2014

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Tax | Ludwig: Smith Commission is a tax rollercoaster for Scotland

The Smith Commission makes some interesting concessions on tax for a devolved Scotland, but it raises questions for top tax earners, warns Ronnie Ludwig, partner at Saffery Champness, based in Edinburgh

2 Dec 2014

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Tax | Tax updates: December 2014

In our monthly round-up of case reports and tax changes, ICAEW chief lambasts 17,000 page tax code, complexity will shape further Scottish tax devolution, Dock and Let case clarifies deadline for issuing notice of HMRC enquiry and entrepreneurs' relief allowed on disposal of shares in Hirst case

1 Dec 2014

International Tax

Tax | VAT updates: December 2014

Graham Elliott, VAT expert at Withers Worldwide, assesses the most important VAT rulings including decisions over bay windows and zero rating in Boxmoor Construction, the Upper Tribunal decision in Roy Shields case, the imminent arrival of EU MOSS reporting requirements and insurance intermediaries in Westinsure

1 Dec 2014

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Tax | Employment tax updates: December 2014

In our monthly round-up, employment tax expert David Heaton reviews plans for the PAYE coding cap for 2015/16, auto enrolment penalties, online filing checking service for share schemes, teething problems with SCON reporting and plans to drop business entity tests (BET) for IR35

1 Dec 2014

Tax | Tax filing deadlines: Dec 2014-Feb 2015

The key tax filing deadlines for the next quarter from corporation tax returns to PAYE cheque payments

1 Dec 2014

Tax | HMRC guidance moves to gov.uk website by end 2014

All HMRC online guidance for agents will move to the gov.uk website by the end of the year as the current stand-alone HMRC site is phased out

28 Nov 2014

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Tax | Roy-Chowdhury: Scottish tax devolution should not be rushed

Plans to devolve income tax raising powers to Scotland need to be carefully considered and introduced in a timely manner to avoid mistakes in the rush to implement the changes by 2016, warns Chas Roy-Chowdhury, head of taxation at ACCA

27 Nov 2014

Tax | Five HMRC powers of entry into premises to be replaced or amended

HMRC has confirmed that it will have to amend or replace five powers of entry into premises following a report into the reach of the tax authority, particularly in customs and excise related cases

27 Nov 2014

Tax | Scotland Office sets out timetable for income tax devolution

Scottish secretary Alistair Carmichael has told the House of Commons that ‘work starts today’ on turning the historic cross party agreement on devolution into more powers for the Scottish parliament with plans for draft legislation by late January and full legislation to be implemented after the 2015 general election

27 Nov 2014

Tax | Scottish tax authority launches Revenue Scotland website

As details of Scotland’s new tax raising powers are confirmed Revenue Scotland, the tax authority responsible for the administration of Scotland’s devolved taxes, has formally launched its website

27 Nov 2014

Tax | Pilates teacher loses FTT appeal over VAT on educational services

The First Tier Tribunal (FTT) has dismissed an appeal by a former ballet dancer who now runs a business teaching pilates that her private tuition services should be exempt from VAT on the grounds they are educational, saying they did not come within the exemption ordinarily granted to schools and universities

27 Nov 2014

Tax | Netherlands beats UK as best tax environment in Europe

The UK is ranked as one of the most attractive European economies in which to operate from a tax perspective, and is in the lead when it comes to preparing for the impact of the OECD’s Base Erosion and Profit Shifting (BEPS) project, according to analysis by Deloitte

27 Nov 2014

Tax | HMRC payroll group set to address RTI issues

A new stakeholder group, the Employment and Payroll Group (EPG), has been set up by HMRC to address payroll related issues, including problems with real time information (RTI) reporting. It will meet for the first time on 4 December, the day after the Autumn Statement

26 Nov 2014

Tax | Sharing economy needs to have clearer tax rules

There are calls for the government to clarify tax rules on the sharing economy which is growing exponentially and ranges from people letting out rooms and driveways for commuter parking on a casual basis to shared dog ownership

26 Nov 2014

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