Tax

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Tax | UK signs up to new agreement to tackle tax evasion

The UK is among 51 countries and jurisdictions to sign a new multilateral authority agreement to tackle tax evasion during a meeting of the Global Forum on Transparency and Exchange of Information for Tax Purposes in Berlin today.

29 Oct 2014

Tax | Dodwell: tax simplification plan shows signs of drifting

The latest plans for simplify the tax regime include some positive moves including talk of reviewing the rules for the basic corporation tax/income tax computation but there are still major bugbears such as the troubled RTI introduction, says Bill Dodwell, head of tax policy at Deloitte

29 Oct 2014

Tax | HMRC simplifies online reporting for micro entities

HMRC and Companies House are making improvements to the online filing process for micro-entity companies following an EU Directive to reduce red tape for business

29 Oct 2014

Tax | Ad agency directors disqualified for failure to pay £335k tax

Two directors of an advertising agency which failed to provide agreed services and collapsed owing HMRC £335,000 have been disqualified for a total of nine and a half years following an Insolvency Service investigation

29 Oct 2014

Tax | London needs more power over taxation, says Centre for London

The Centre for London, a politically independent think tank, has issued a manifesto calling for the capital to be given control over property taxation and for it to keep a portion of income tax raised in the capital

28 Oct 2014

Tax

Tax Planning

Companies

Image for scottish tax devolution will lead complexity and avoidance treasury warned

Tax | Scottish tax devolution will lead to complexity and avoidance, Treasury warned

Devolving Scottish taxes will create more complexity for taxpayers and employers, and could lead to greater levels of tax avoidance, according to leading tax experts, who appeared before the House of Commons’ Treasury Committee on 28 October

28 Oct 2014

Tax | Timber supplier disqualified for accounting records failings

The boss of a timber company has been disqualified as a company director for eight years after an Insolvency Service investigation found he had failed to keep proper accounting records or pay the correct amount of tax owed for over five years

28 Oct 2014

Tax

HMRC

Tax Compliance

Tax | Low levels of customer satisfaction blight HMRC

HMRC is struggling to improve the way in which it communicates with taxpayers and agents, who report lower levels of satisfaction with the way in which they are treated by the tax authorities, according to the tax authority's annual report into a range of customer service issues

27 Oct 2014

Tax | HMRC loses Tyne appeal on zero-rated vehicle adaptations

A business which faced paying disputed VAT of over £700,000 on sales of motor homes adapted for use by disabled people has won a First Tier Tribunal (FTT) appeal against HMRC’s decision to deny zero-rating on the grounds that the particular adaptation did not help a disabled person to drive

27 Oct 2014

Tax | Dolce & Gabbana designers cleared of tax evasion

Fashion designers Domenico Dolce and Stefano Gabbana have been cleared of tax evasion following a successful appeal to Italy’s top court, and will no longer face the possibility of jail sentences

27 Oct 2014

Tax

Personal Tax

Tax Compliance

Image for ir35 business entity tests be withdrawn april 2015

Tax | IR35 business entity tests to be withdrawn from April 2015

Following criticism that business entity tests (BETs) for IR35 reporters are not fit for purpose, HMRC is to withdraw the tests from April 2015 only two years after they were introduced to make it easier for individuals to work out their risk of being investigated under IR35 legislation

27 Oct 2014

Tax | OECD forum strengthens tax avoidance commitments

The heads of tax administrations from 38 countries have published details of their agreements to work more closely together and streamline the processes for the automatic exchange of tax information, to support the OECD’s Base Erosion and Profit Shifting (BEPS) project

27 Oct 2014

Tax

Tax Compliance

Tax Planning

Tax | CBI calls for improved R&D tax incentives

The CBI is urging the government to ‘supercharge’ UK’s research and development (R&D) tax credit regime following research findings that there is underinvestment in R&D

23 Oct 2014

Tax

Business Tax

Tax Planning

Tax | Additional tax take from UK’s richest hits £1bn mark

HMRC has announced that its specialist unit handling the tax affairs of the UK’s richest people posted a 20% increase in the additional revenues it brought in last year, bringing the total extra tax collected since its formation in 2009 to over £1bn

22 Oct 2014

Tax | Employee benefit trusts: the fallout from Rangers case

Mark Cawthron considers the fallout from the loss of the Rangers EBT case at the Upper Tribunal and some of the grounds for a successful appeal

22 Oct 2014

Tax | HMRC claims accelerated payment notices will collect disputed tax

The first batch of HMRC letters have been sent out under accelerated payment notices (APNs) to chase up disputed tax flagged as unpaid under non-compliant tax avoidance schemes

21 Oct 2014