Business Tax

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Tax | Lords call for greater oversight of HMRC powers

Recent powers provided to HMRC undermine the rule of law and hinder taxpayers' access to justice, and the tax authority should be subject to greater oversight and its powers reviewed, as the balanced has been tipped ‘unfairly’ in its favour, according to a House of Lords report

4 Dec 2018

Law and Regulation

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Tax | EU committee backs VAT reverse charge

The EU committee on economic and monetary affairs has voted in favour of a proposed amendment to the EU VAT directive, allowing member states struggling with fraud to temporarily change the way it is recovered

4 Dec 2018

International Tax

Law and Regulation

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Tax | Tax updates: December 2018

In our monthly roundup of tax cases, a FTT decision on ‘period of ownership’ of an off-plan apartment overturned in Higgins, FTT allows new argument not heard in previous appeals in Vaccine Researcher Ltd Partnership and livery business eligible for business property relief

3 Dec 2018

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Tax | Dodwell: sounds like an online tax for multinationals

Bill Dodwell, senior policy adviser at the Office of Tax Simplification (OTS), examines the controversial digital services tax on giant online multinationals and considers what tax other countries will introduce as a result

28 Nov 2018

International Tax

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Tax | 10 things charities need to know about Gift Aid

Helen Elliott, partner at Sayer Vincent, looks at the 10 most important things about Gift Aid for charities to keep in mind, including the restrictions on who is eligible to use and what kinds of benefits are excluded

28 Nov 2018

Accountancy Firms

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Tax | HMRC penalties for CFOs under SAO regime rise

HMRC is issuing significant numbers of personal penalties to senior financial executives at big businesses under the senior accounting officer (SAO) regime

26 Nov 2018

Law and Regulation

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Tax | Leading institutes back Lords call for MTD delay

A recommendation by a Lords committee that the government’s introduction of mandatory Making Tax Digital (MTD) for VAT should be delayed by at least one year is supported by the Low Incomes Tax Reform Group (LITRG), CIOT and the ICAEW

23 Nov 2018

Making Tax Digital

Law and Regulation

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Tax | 30 months to build Brexit IT systems, HMRC tells committee

Appearing before the Treasury committee, senior HMRC figures including Jon Thompson admitted that building post-Brexit IT systems could take longer than two years, and defended HMRC’s approach to tackling disguised remuneration arrangements

22 Nov 2018

International Tax

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Tax | Nunn: structures and buildings allowance is revamped tax relief

The announcement of the Structures and Building Allowance in the Budget marks the return of an old tax relief revamped for the modern era, says Yvette Nunn CTA, founder of Berkeley Associates

22 Nov 2018

Image for lords call delay making tax digital vat until 2020

Tax | Lords call for delay in Making Tax Digital for VAT until 2020

A Lords committee has issued a scathing report on HMRC’s Making Tax Digital (MTD) for VAT program, due to come into full effect in April 2019, attacking HMRC’s unrealistic timeframe, lack of communication with businesses, and failure to improve following previous criticism

22 Nov 2018

Making Tax Digital

Image for dup silence allows finance bill amendments through

Tax | DUP silence allows Finance Bill amendments through

Divisions over the government’s Brexit agreement has caused Northern Ireland’s Democratic Unionist Party (DUP) to deliver a stinging blow by failing to back the government on amendments to the Finance Bill proposed by opposition parties

21 Nov 2018

Law and Regulation

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Tax | HMRC updates VAT mini one stop shop guidance

HMRC has issued updated guidance on registering for the VAT mini one stop shop (MOSS) scheme, with new information about invoicing, leaving the scheme and which return to use to declare VAT

21 Nov 2018

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Tax | UK ranked second in G20 for tax compliance

The UK has the second most effective tax system in the G20 for the ease of paying business taxes, with companies taking an average of 105 hours to prepare and file taxes, but remains outside the global top 20, according to research by PwC and the World Bank

21 Nov 2018

International Tax

Law and Regulation

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Tax | HMRC gets sweet return in first six months of sugar tax

The latest statistics on turnover from the soft drinks industry levy (SDIL), commonly known as the sugar tax, show that it has been effective in reducing sugar in drinks and raising revenue following its introduction in April 2018

20 Nov 2018

Law and Regulation

Image for bhp billiton agrees a500m australian transfer pricing settlement

Tax | BHP Billiton agrees A$500m Australian transfer pricing settlement

The Anglo-Australian mining, metals and petroleum multinational BHP Billiton has reached an agreement with the Australian Taxation Office (ATO) to settle a long-running transfer pricing dispute

20 Nov 2018

International Tax

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Tax | Q&A: off-payroll liabilities and statutory payments

Emma Fryer, payroll advisor at Croner Taxwise, looks at the responsibility of the fee-payer of an off-payroll worker and the liability to statutory payments of a personal service company

20 Nov 2018

B&ADTV

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Q&A: tax on property business profits

Croner Intelligence: created by experts, powered by AI

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