Business Tax

Latest news

Image for hmrc big business investigations take four years

Tax | HMRC big business investigations take up to four years

HMRC’s enquiries into big businesses’ tax affairs have now been open for an average of 45 months, up from 43 months last year as the tax authority struggles to clear a backlog of complex tax disputes, says law firm Pinsent Masons

22 Feb 2021

Tax

Business Tax

Tax Compliance

Image for tax authority clarifies car tax rules ultra low emission vehicles

Tax | Tax authority clarifies car tax rules for ultra low emission vehicles

HMRC has updated the car and car fuel benefit calculations to support government’s campaign to improve air quality and reduce road pollution

19 Feb 2021

Tax

Business Tax

Tax Compliance

Image for uber drivers are workers not self employed says supreme court

Tax | Uber drivers are workers not self-employed, says Supreme Court

The Supreme Court has ruled that Uber drivers are workers and are entitled to minimum wage and holiday pay

19 Feb 2021

Tax

Business Tax

Personal Tax

Image for spirit distillers call tax cut drive growth

Tax | Spirit distillers call for tax cut to drive growth

The Spirits Alliance has called for a tax cut and progress with the alcohol duty review to create a fairer system that supports both growth and puts Treasury revenue on a sustainable footing for the future

18 Feb 2021

Tax

Business Tax

Image for mps call tax breaks stimulate green investment

Tax | MPs call for tax breaks to stimulate green investment

The Environmental Audit Committee (EAC) of MPs is calling for VAT reductions to encourage energy efficiency, the use of recycled materials, and repair services

17 Feb 2021

Tax

Business Tax

VAT

Tax | Q&A: trade losses on incorporation

In our regular Q&A on technical tax issues, Kabita Tank, tax adviser at Croner Taxwise, explains incorporation relief compliance when a sole trader incorporates

16 Feb 2021

Tax

Business Tax

Tax Compliance

Image for financial services sector pays record ps756bn taxes

Tax | Financial services sector pays record £75.6bn in taxes

The UK’s financial services sector contributed a record £75.6bn in tax in the year to March 2020, according to a new report published by the City of London Corporation

11 Feb 2021

Tax

Business Tax

Employment Tax

Image for property developers face tax charge offset cladding remediation

Tax | Property developers face tax charge to offset cladding remediation

The Housing Secretary has announced plans to introduce a new tax, the ‘Gateway 2’ developer levy to offset some of the costs of replacing dangerous cladding on high-rise buildings

11 Feb 2021

Tax

Business Tax

Property Tax

Image for entrepreneurs need targeted support budget says iod

Tax | Entrepreneurs need targeted support in Budget, says IoD

The Institute of Directors (IoD) is urging the Chancellor to put entrepreneurs at the heart of the recovery, and avoid damaging tax hikes, in its Budget submission

10 Feb 2021

Tax

Business Tax

Budget

Image for qa self employment income support scheme seiss and seiss grant extension

Tax | Q&A: Self-Employment Income Support Scheme (SEISS) and SEISS grant extension

In our weekly Q&A, Pras Patel, tax advice consultant at Croner Taxwise, examines the rules relating to the Self-Employment Income Support Scheme (SEISS), grant eligibility and trading profits

9 Feb 2021

Tax | Filing deadlines: February to June 2021

In our handy guide to tax filing deadlines, we provide an at-a-glance guide to key dates from PAYE cheque payments to corporation tax fourth quarterly instalments

9 Feb 2021

Tax | Is corporation tax set to rise in the Spring Budget?

As the Chancellor Rishi Sunak prepares to deliver his latest Budget on 3 March 2021, there is growing speculation that he may look to increase the UK’s corporation tax rate. Rob Chedzoy, tax partner at Milsted Langdon, questions the timing

8 Feb 2021

Tax

Business Tax

Budget

Image for return hmrcs preferential status

Tax | The return of HMRC’s preferential status

Companies facing insolvency are now affected by the return of HMRC’s preferential status as a creditor, limiting their ability to negotiate a company voluntary arrangement (CVA). Lee Manning, partner at ReSolve, explains the changes

2 Feb 2021

Tax

Business Tax

HMRC

Image for qa coronavirus job retention scheme cjrs extension

Tax | Q&A: Coronavirus Job Retention Scheme (CJRS) extension

In our regular Q&A series, Pras Patel, tax advice consultant at Croner Taxwise, provides an at a glance guide to current and upcoming changes to the furlough rules

2 Feb 2021

Tax | Record £4bn tax deferred

A record £4.1bn in tax was deferred in the run-up to the 31 January self-assessment deadline, according to data obtained by Price Bailey, which warns that some taxpayers will struggle to meet larger than usual payment demands

1 Feb 2021

Tax | Coronavirus: essential updates for accountants, tax advisers and auditors - Part 3

To assist accountants, tax advisers and auditors in dealing with the coronavirus crisis, all our related covid-19 coverage will be available here as soon as new announcements are made, plus expert analysis

29 Jan 2021

Leadership & Management