Business Tax

Latest news

Tax | HMRC updates corporation tax filing software settings

Companies and their agents should be aware that they will need to change their Adobe Reader trust settings when filing corporation tax (CT) returns online to take account of a new version of the software

23 Oct 2015

Tax

Business Tax

Tax Compliance

Image for hmrc abolishes controversial business record checks

Tax | HMRC abolishes controversial Business Record Checks

In a surprise move, HMRC has withdrawn its Business Record Checks compliance initiative, with immediate effect following a three-year pilot which has come in for criticism from professional bodies as being too general and failing to educate non-compliant businesses about their responsibilities, reports Sara White

21 Oct 2015

Tax | Revenue Scotland ends amnesty on stamp duty tax reporting

Revenue Scotland has advised that it will start enforcing the rules on registration and payments for newly devolved taxes from this month, ending a six-month amnesty period

8 Oct 2015

Tax | Osborne to devolve £26bn in business rates to local areas

The Chancellor has set out plans to devolve new powers from Whitehall to local areas, in a move which will see local government retain local taxes as part of plans to promote growth and prosperity

6 Oct 2015

Tax | Draft guidance on changes to tax rules on derivative contracts

HMRC is running a four-week informal consultation on draft legislation for proposed amendments to the taxation of corporate debt and derivative contracts, which will result in changes to existing legislation on loan relationships

2 Oct 2015

Tax | Treasury review of business energy taxes in face of CCL disquiet

The Treasury has launched a major review of business energy taxes, following an announcement at the Summer Budget to simplify and improve them, and is seeking feedback on a number of proposals to reform business energy efficiency tax and policy

29 Sep 2015

Tax

Business Tax

Consultations

Image for dodwell taxation still about people despite digital plans

Tax | Dodwell: taxation is still about people, despite digital plans

A spate of HMRC surveys on satisfaction levels highlights issues around customer service with larger business customers expressing reservations about the changes to customer relationship managers. Bill Dodwell, senior partner at Deloitte, examines the findings

23 Sep 2015

Tax | Juncker calls for common EU tax policy and criticises global tax rules

Multinationals have once again come under fire at the European Commission with president Jean Claude Juncker calling for ‘some order’ over global tax rules, citing tax evasion and avoidance as one of his top ten priorities although he had to bat off attacks from MEPs over his previous involvement with tax policy and rulings when he was finance minister of Luxembourg

18 Sep 2015

Tax | Big business earmarks £1.6bn for contentious tax litigation

The amount big companies set aside to cover costs for tax disputes has fallen by more than half over the last three years to £1.6bn currently, according to research from Thomson Reuters, despite HMRC's crackdown on questionable tax arrangements

9 Sep 2015

Tax | Large business says high staff turnover affecting relationship with HMRC

Large businesses are becoming more critical of the way HMRC handles their tax affairs with high staff turnover levels affecting the quality of service provided by new customer relationship managers (CRMs) who are less engaged than before and lack technical knowledge, according to the results of an annual HMRC qualitative survey of their experiences

7 Sep 2015

Tax | EIS and SEIS tax breaks too complicated for most SMEs

The Institute of Directors (IoD) is calling on government to simplify the Enterprise Investment Scheme (EIS) and Seed Enterprise Investment Scheme (SEIS) tax breaks for business to encourage investment in small to medium sized businesses and start-ups as too few businesses are aware of the reliefs

7 Sep 2015

Tax

Business Tax

Tax Planning

Tax | Scottish government gives £1.75m boost to film producers

The Scottish government has given a boost to film and TV producers with the creation of a £1.75m production growth fund to incentivise producers to base their productions in Scotland, building on the success of Skyfall, World War Z and Outlander

3 Sep 2015

Tax

Business Tax

Tax Planning

Image for treasury faces legal challenge climate change levy

Tax | Treasury faces legal challenge on Climate Change Levy

The Treasury is facing a legal challenge over its handling of plans announced in the Summer Budget to remove the exemption from the Climate Change Levy (CCL) for electricity generated from renewable sources, with two energy companies seeking a judicial review of the notice period for the changes claiming not enough time was allowed, reports Pat Sweet

3 Sep 2015

Tax

Business Tax

Case Reports

Image for comment if you look employee and act employee E2 80 A6

Tax | Comment: if you look like an employee and act like an employee…

Baker Tilly employment tax expert Lesley Fidler considers the fallout from the government’s clampdown on employment intermediaries including umbrella companies and agencies, and the impact on tax liability for employees hired through such organisations

3 Sep 2015

Tax | Sturgeon hints at tax changes for Scotland despite limited devolved powers

Scotland will start to implement the key tax measures outlined in the Smith Commission process with an announcement on the Scottish rate of income tax to be set out in the forthcoming Budget speech this autumn while the UK air passenger duty will be halved by 2018, before it is replaced by a Scottish equivalent

1 Sep 2015

Tax | Tax updates: September 2015

In the latest tax case reports, Sharon Khin considers the CGT exemption in Ames, AIA denied over discontinuance, transfer pricing rules in Abbey National Treasury Services and a long-running tax dispute reaches beyond the grave, while Airbnb has a grilling from the Irish Revenue over tax liability and intermediaries

1 Sep 2015