Business Tax

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Image for taxman sets follower notice rules partnerships

Tax | Taxman sets follower notice rules for partnerships

HMRC has issued guidance on tax avoidance schemes, advising on partnership follower notices and accelerated partner payments as well as including information on penalties for late payments

13 Jul 2016

Tax | Gift Aid needs to be simplified says OTS

The Office of Tax Simplification (OTS) has published its response to HMRC’s consultation on proposals to streamline the gift aid small donations scheme (GASDS), and says more needs to be done to modernise the system in a way that encourages spontaneous donations whilst reducing administration

12 Jul 2016

Tax | Eurozone finance ministers consider fiscal union

Finance ministers in the devolved regions of the UK and across the EU, have signalled their intention to move forward on plans for implementing a new approach to budgeting and fiscal planning, now that the UK has voted to leave the EU

12 Jul 2016

Tax | ‘Sugar tax’ predicted to leave £17m sour taste

The Treasury’s plans to introduce a so-called ‘sugar tax’ on fizzy drinks have been attacked by the TaxPayers' Alliance (TPA), which says the move would result in a drop of some £17m in tax revenues because of the impact on the economy and employment

11 Jul 2016

Tax

Business Tax

Tax Planning

Image for hmrc renews warning contractor loan schemes

Tax | HMRC renews warning on contractor loan schemes

HMRC has issued renewed guidance on contractor loans, emphasising that loans paid to contractors or freelance workers through trusts or umbrella companies are subject to tax in the same way as other income

8 Jul 2016

Tax

Business Tax

HMRC

Image for osborne considers cuts corporation tax

Tax | Osborne considers cuts to corporation tax

Chancellor George Osborne is mulling plans to cut corporation tax to under 15% in a bid to encourage continued business investment in the UK following the decision to exit the EU

4 Jul 2016

Tax

Business Tax

Politics

Image for tax raid google offices madrid

Tax | Tax raid on Google offices in Madrid

The Spanish authorities have made a raid on the Madrid offices of technology giant Google as part of an investigation into the multinational’s tax arrangements, which have come under scrutiny in a number of European countries

1 Jul 2016

Tax

Business Tax

International Tax

Tax | Tax updates: July 2016

HMRC withdraws accelerated payment notices, Eclipse loses case, HMRC loses Project Blue case, judgement on the managed service company legislation, pension scheme loses ‘residential property’ argument

1 Jul 2016

Tax | Goodbye to all VAT? EU indirect tax after Brexit

Nicholas Hallam, CEO at Accordance, examines what could happen to EU VAT after the UK's vote to leave the union

1 Jul 2016

Tax | Bill Dodwell: disentangling tax system from EU

The UK’s vote to leave the EU will see the restructuring of thousands of pages of tax law, Bill Dodwell, Deloitte senior partner examines how it could happen

29 Jun 2016

Tax | HMRC guidance on publishing large business tax strategy

HMRC has published guidance on new rules requiring large businesses to publish their tax strategy, outlining what information should be included, when it should be published, and the penalties for failing to comply

28 Jun 2016

Tax | CIOT: UK should not rush to exercise new tax freedom

The UK must not rush to make wholesale changes following the greater tax flexibility it will be afforded leaving the EU, according to CIOT tax policy director, John Cullinane

27 Jun 2016

Tax | Bill Dodwell: tax and company restructuring in event of Brexit

Bill Dodwell, partner and head of tax policy at Deloitte, considers the key tax issues around restructuring for companies in the event of a UK vote to leave the EU

24 Jun 2016

Tax | Kendrick: HMRC sets sights on tax affairs of agency workers

Alastair Kendrick, tax director at MHA MacIntyre Hudson highlights the risk for companies hiring workers through third party intermediaries as HMRC tightens up its scrutiny of agency workers

23 Jun 2016

Tax | OTS stakeholder conference for tax advisers set for 18 July

The Office of Tax Simplification (OTS) has confirmed the date for its stakeholder conference next month, offering an opportunity to discuss future tax development including proposals to reform small business tax and a potential merger of income tax and national insurance contributions (NICs)

23 Jun 2016

Tax | Common reporting standard (CRS): what it means for charities

The common reporting standard (CRS) will net not only businesses but also charities when it comes into force in 2017 but the decision to include charities is an excessive administrative burden and needs to be reviewed, says Helen Elliott, partner at Sayer Vincent

21 Jun 2016