Business Tax

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Tax | Motoring expenses part 2 – recovering VAT on expenses

The intricacies of the rules around motoring expenses and VAT recovery can be problematic. Sarah Kay, tax writer at Croner-i, examines the compliance issues around hiring and leasing costs, repairs and maintenance, road fuel and the charging of electric vehicles

8 Dec 2021

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Tax | Higher tax on household gas to reach net zero

The Climate Change Committee (CCC) has called on the government to place a tax on household gas to help the UK meet its net zero targets

7 Dec 2021

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Tax | Q&A: stamp duty and capital reduction demerger

In our regular Q&A series, Croner Taxwise tax advisor Tom Butt considers the rules around stamp duty compliance when looking to organise a capital reduction demerger of a limited company

7 Dec 2021

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Tax | TaxWatch challenges HMRC over ‘sweetheart’ tax deal with GE

Taxwatch is threatening to take HMRC to court over the tax authority’s decision to settle the £1bn tax fraud with General Electric (GE)

6 Dec 2021

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Tax | Big businesses underpaid £35.8bn in tax last year

HMRC estimates that £35.8bn was underpaid in tax by big businesses last year, up by £1bn the year before

6 Dec 2021

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Tax | Corporation tax loss carry-back: temporary extension - CPD module

In this month’s exclusive Accountancy Daily CPD module, we look at the corporation tax loss carry back rules, which have been temporarily extended from 12 months to three years due to the pandemic

3 Dec 2021

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Tax | Construction firm wins case over disputed £1m R&D relief

A tribunal has ruled against HMRC declaring that the taxpayer was entitled to SME research and development (R&D) tax relief totalling between £800,000 and £1.2m

2 Dec 2021

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Tax | HMRC to set targets for resolving long running enquiries

Large businesses are on the whole positive about their relationship with HMRC but warn that the level of service can be inconsistent and some advisers do not have the experience to deal with complex corporate tax queries

1 Dec 2021

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Tax | HMRC wants more powers to clamp down on non-payers

The government plans to ratchet up its activity against the most recalcitrant businesses and individuals who fail to pay tax bills giving HMRC more powers to act, particularly against ecommerce businesses with no tangible UK footprint

30 Nov 2021

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Tax | HMRC launches reform to Income Tax Self-Assessment registration

HMRC issues a consultation on Income Tax Self-Assessment (ITSA) for the self-employed and landlords to reform how and when the self-employed and landlords register and start to interact with HMRC

30 Nov 2021

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Tax | Treasury sets out overhaul of R&D relief

Following a consultation on research and development (R&D) reliefs, the government has set out plans to go ahead with a number of changes to criteria and the introduction of tough new anti-abuse measures

30 Nov 2021

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Tax | Crypto exchanges will be subject to digital tax

HMRC has confirmed that cryptocurrencies like Bitcoin are not commodities or money, and therefore will not be exempt from the Digital Services Tax (DST)

29 Nov 2021

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Tax | HMRC advisory fuel rates for company car users from 1 December

HMRC has published the latest advisory fuel rates (AFR) for company car users, effective from 1 December 2021, increasing mileage rates by between 1p and 2p per mile for all petrol and diesel vehicles, while the electric car rate also increases

24 Nov 2021

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Tax | Court rules company must pay £2.7m withholding tax

The Court has ruled in favour of HMRC that the interest paid by a UK property investment company under short-term loans was subject to £2.7m withholding tax

24 Nov 2021

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Tax | What is changing in the world of R&D tax credits?

Changes to research and development (R&D) tax credits are due to come into effect in 2023. AAT’s Annie Makoff examines the impact and talks to accountants about potential pitfalls

23 Nov 2021

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Tax | Tax refund companies target self assessment returns

The Low Incomes Tax Reform Group (LITRG) is warning taxpayers never to share their Government Gateway username and password details with companies that offer to make tax relief claims on their behalf

23 Nov 2021

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