In the first of a series on EU Directives affecting the accounting and tax profession, both in statute and at the debate stage, Stefan Petrovski of Paris-based accounting firm, Primexis, analyses the significant changes that derive from recent EU directives in the accounting and finance field, starting with the Anti-Tax Avoidance Directive (ATAD) 

In part one of a two-part series, The Tax Guys founder and managing partner Jonathan Amponsah outlines seven common errors to avoid in making VAT returns, from incorrectly claimng VAT on private usage of motor vehicles and fuel, to VAT charges for non-standard business transactions 

HMRC has published guidance on the new rules which apply to the treatment of sporting testimonial income from 6 April 2017, which result in the need to report income tax and National Insurance contributions (NICs)

HMRC has begun cracking down on unpaid accelerated payment notices (APNs), issuing a first round of ‘enforcement actions’ against 14 taxpayers who have failed to meet terms and pay disputed tax within 90 days, according to Moore Stephens

HMRC is to renew and extend the scope of the double taxation treaty passport (DTTP) scheme, which will now be available to all UK borrowers who are required to withhold income tax at the basic rate on certain loan interest payments to overseas lenders from 6 April 2017

In a bid to tackle tax issues relating to players’ image rights, the Treasury has initiated a specific football compliance project, and has announced that technical experts will visit all English Premier League, Championship and Scottish Premier League clubs over a three-year period

The Low Incomes Tax Reform Group (LITRG) is warning of the risk that individuals could miss out on new property and trading allowances coming into effect from tomorrow, because of a lack of guidance on their introduction, which it says will limit take-up

Yvette Nunn CTA unpicks the fine print and potential pitfalls in the revised rules for the reduced VAT flat rate scheme

HMRC has launched its Making Tax Digital for business pilot to test out its new reporting system, with a year to go before businesses with turnovers above the VAT threshold  are required to switch to digital records and provide quarterly summary updates from April 2019

HMRC is considering the introduction of the principle of conditionality, which would involve making access to licences or services needed to trade conditional upon tax registration, as a way of tackling tax loss via the hidden economy

Brexit uncertainties have not diminished the tax advantages of the UK as yet despite concerns about future trade deals and a drop in inward investment 

Starting this week, the Treasury’s Office of Financial Sanctions Implementation (OFSI) has new powers to impose penalties for serious financial sanctions breaches of up to £1m or 50% of the breach, whichever is higher