Business Tax

Latest news

Image for spring budget 2017 corporation tax rate cut 19

Tax | Spring Budget 2017: corporation tax rate cut to 19%

In line with the government’s need to keep the UK as competitive as possible in the Brexit world, the Chancellor continued to cut the UK’s corporation tax rate bringing it down to 19% from 1 April

8 Mar 2017

Tax | Spring Budget 2017: promoters of tax avoidance schemes rules strengthened

Measures to ensure those marketing tax avoidance schemes cannot circumvent the Promoters of Tax Avoidance Schemes (POTAS) regime by re-organising their businesses have been introduced by the Chancellor

8 Mar 2017

Tax | Spring Budget 2017: business rates consultation to take place

A consultation on reforming the business rates regime will take place, the Chancellor has confirmed in the Budget

8 Mar 2017

Tax | Onshore tax evasion and avoidance: compliance and penalties - part 2

More tax is lost to onshore evasion or non-compliance than to offshore evasion and avoidance, and HMRC is armed with a raft of tools to curb the practice. In the second of a two part series, Jason Collins, a member of the CIOT’s management of taxes sub-committee and partner at Pinsent Mason, reviews government strategy and changes to the rules

8 Mar 2017

Tax | HMRC to contact SA online users with invalid repayment requests

HMRC has updated its contact and phishing warnings guidance to inform self assessment (SA) online users that they could be contacted via telephone if HMRC has been unable to validate a repayment request, from 13 March 2017

7 Mar 2017

Tax | HMRC issues guidance on tax avoidance penalties for partnerships

HMRC has published guidance on the penalty regime for partnerships which have used a tax avoidance scheme in circumstances where a partnership follower notice has been issued to the representative partner and they have not taken the necessary corrective action on time

7 Mar 2017

Tax | Record number of FDs hit with £5k tax accounting non-compliance fine

A record number of finance directors at the UK’s largest businesses faced fines of £5,000 for failures in tax accounting last year, according to analysis by law firm Pinsent Masons, which says HMRC is getting tougher on any failures to comply with the senior accounting officer (SAO) regime

7 Mar 2017

Tax | Offshore tax evasion: compliance and penalties - part 1

Sometimes it can be hard to keep up with the avalanche of government announcements on tax avoidance and evasion. In the first of a two part series, Jason Collins, a member of the CIOT’s management of taxes sub-committee and partner at Pinsent Mason, provides an overview of the rapidly changing tax compliance landscape for offshore evasion

7 Mar 2017

Tax | Spring Budget 2017: what to expect

This Wednesday marks the last ever spring Budget where Chancellor Philip Hammond could address anything from a raft of new tax changes to a review on existing initiatives, with accounting firms making their own predictions on what could and should be included

6 Mar 2017

Tax | Re-evaluating the value of business rates

As businesses in high-value areas brace themselves for a business rates hike, Calum Fuller explores the flaws in the regime and how it might be improved

2 Mar 2017

Tax | League Two football club Leyton Orient issued winding-up order

Struggling East London-based League Two football club Leyton Orient has been issued a winding-up petition by HMRC

1 Mar 2017

Tax | Valuations Office Agency has ‘sufficient information’ for frequent rates revaluations

The Valuations Office Agency, the body responsible for carrying out the revaluation of business rates, has ‘more than enough information’ available to it to carry out more frequent assessments, instead of the current five year intervals, according to experts from commercial property consultancy Colliers International

1 Mar 2017

Tax | Tax updates: March 2017

In this month's tax updates we review tax cases from Barreto and unexplained income to O'Mara and payment surcharges, allowable expenses for MP's local office, the rise in car tax rates for new vehicles over £40k and HMRC to dump Verify service

1 Mar 2017

Tax | Dodwell: 2016/17 tax year marks raft of changes to personal and business tax

With a deluge of tax changes slated for the new tax year in April, such as the start of the serial tax avoiders’ regime and restrictions on salary sacrifice arrangements, the next Budget must be tax light, says Bill Dodwell, partner and head of tax policy at Deloitte

28 Feb 2017

Tax | Ladbrokes loses case over £71m tax avoidance scheme

Ladbrokes has lost its long running legal battle with HMRC over the use of a tax avoidance scheme promoted by Deloitte, with the failure of its latest appeal to the Upper Tribunal set to cost the high street bookie £71m

27 Feb 2017

Tax | HMRC slated over stance on film tax schemes

The chair of the Treasury committee, Andrew Tyrie, has challenged HMRC to explain its approach to tackling avoidance schemes based on the exploitation of tax breaks for the film industry, suggesting its current response is causing ‘financial calamity’ and is having trouble in bringing a large number of schemes to a close

27 Feb 2017

Navigate

Tax Services

Latest news

Tax | Spring Budget 2017: corporation tax rate cut to 19%

Tax | Spring Budget 2017: promoters of tax avoidance schemes rules strengthened

Tax | Spring Budget 2017: business rates consultation to take place

Tax | Onshore tax evasion and avoidance: compliance and penalties - part 2

Tax | HMRC to contact SA online users with invalid repayment requests

Tax | HMRC issues guidance on tax avoidance penalties for partnerships

Tax | Record number of FDs hit with £5k tax accounting non-compliance fine

Tax | Offshore tax evasion: compliance and penalties - part 1

Tax | Spring Budget 2017: what to expect

Tax | Re-evaluating the value of business rates

Tax | League Two football club Leyton Orient issued winding-up order

Tax | Valuations Office Agency has ‘sufficient information’ for frequent rates revaluations

Tax | Tax updates: March 2017

Tax | Dodwell: 2016/17 tax year marks raft of changes to personal and business tax

Tax | Ladbrokes loses case over £71m tax avoidance scheme

Tax | HMRC slated over stance on film tax schemes