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Tax | Global 21% corporate tax rate would raise £15bn in tax

Supporting the US tax plan for a global minimum rate of corporation tax could raise nearly £15bn and enable the UK to invest in the NHS and fund post-covid economic growth, claims IPPR

2 Jun 2021

Tax

Business Tax

International Tax

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Tax | EU agrees deal for corporate tax transparency

Negotiators for the European parliament and council negotiators have agreed rules for greater tax transparency for multinational businesses

2 Jun 2021

Tax | ICAEW and ACCA criticise HMRC’s ‘poor’ performance

ICAEW and the Association for Chartered Certified Accountants (ACCA) is calling on HMRC to improve its performance and be more responsive to complaints from taxpayers and less ‘erratic’ when dealing with technical questions

1 Jun 2021

Tax | Q&A: tax and electric car charging

In our regular Q&A series, Croner Taxwise VAT adviser Rachel Clark, examines the tax compliance issues with electric car charging for business vehicles

1 Jun 2021

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Business Tax

VAT

Image for third corporate criminal offence probes target largest organisations

Tax | Third of corporate criminal offence probes target largest organisations

HMRC is currently investigating 14 businesses for failing to stop instances of tax evasion with a third of the cases covering some of the UK’s largest organisations

27 May 2021

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

HMRC has published the latest advisory fuel rates (AFR) for company car users, effective from 1 June 2021, increasing mileage rates by 1p for all petrol vehicles

26 May 2021

Tax

Business Tax

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Tax | R&D tax credit scheme a ‘costly failure’ warns report

The UK government’s £7.3bn research and development (R&D) tax credit system is failing to deliver significant additional spending by businesses

25 May 2021

Tax | Retailers may get unexpected tax bills by using social media

Retailers using social media influencers to ‘advertise’ their products may face unexpected tax bills as HMRC views the arrangement as a benefit in kind, warns tax and advisory firm, Blick Rothenberg

25 May 2021

Tax | Q&A: SEISS grants and risks of incorporation

In our weekly Q&A, Suzanne Rowland, tax adviser at Croner Taxwise, considers how use of Self-Employment Income Support Scheme (SEISS) grants could impact on a sole trader’s decision to incorporate their business and any risks around earlier SEISS claims

25 May 2021

Tax | £166.5m funding released for green investment projects

The Department for Business, Energy & Industrial Strategy has announced a £166.5m cash injection for green technology and development as part of the government’s green industrial revolution

25 May 2021

Tax | Heathrow Airport loses legal case to end tax-free sales

Heathrow Airport, Dufry and Global Blue have lost their legal challenge against the Treasury’s controversial move to end tax free sales and VAT rebates for outbound tourists

24 May 2021

Tax | US backtracks on plans for 21% global tax minimum rate

The US Treasury has announced that its proposals for a global minimum tax rate could go as low as 15% for large multinational corporations rather than President Biden’s previously proposed 21%

21 May 2021

Tax

Business Tax

International Tax

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Tax | OTS proposes further reforms to capital gains tax

The Office of Tax Simplification (OTS) is calling for an overhaul of capital gains tax (CGT) rules from tax liability when moving home to getting divorced, and an extension of the tight 30-day deadline for settling CGT bills when selling property

21 May 2021

Tax

Business Tax

Personal Tax

Image for super deduction criteria extended leased property

Tax | Super-deduction criteria extended to leased property

The government plans to amend the qualifying criteria for the super deduction capital allowance announced in the March Budget, extending the rules to leased properties

19 May 2021

Tax

Business Tax

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Tax | Are you eligible for capital allowances?

There is renewed interest in capital allowances following the Budget announcement of the new temporary first-year allowances (FYAs), including the headline-grabbing super-deduction. Stephen Relf CTA ACA examines the tax breaks and potential limitations

19 May 2021

Tax | Q&A: tax liability and gift of land to charity

In our weekly Q&A series, Julian Payne, tax advisor at Croner Taxwise, considers the corporation tax liability and reliefs when a business makes a significant donation to charity

18 May 2021

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Business Tax

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Latest news

Tax | Global 21% corporate tax rate would raise £15bn in tax

Tax | EU agrees deal for corporate tax transparency

Tax | ICAEW and ACCA criticise HMRC’s ‘poor’ performance

Tax | Q&A: tax and electric car charging

Tax | Third of corporate criminal offence probes target largest organisations

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

Tax | R&D tax credit scheme a ‘costly failure’ warns report

Tax | Retailers may get unexpected tax bills by using social media

Tax | Q&A: SEISS grants and risks of incorporation

Tax | £166.5m funding released for green investment projects

Tax | Heathrow Airport loses legal case to end tax-free sales

Tax | US backtracks on plans for 21% global tax minimum rate

Tax | OTS proposes further reforms to capital gains tax

Tax | Super-deduction criteria extended to leased property

Tax | Are you eligible for capital allowances?

Tax | Q&A: tax liability and gift of land to charity