HMRC has published guidance on off-payroll working in the public sector, following reform of intermediaries legislation (IR35) which will take effect from 6 April 2017
HMRC’s timetable for user testing for Making Tax Digital is rushed, while the level of communication between software developers and HMRC is inadequate and there is not enough detailed specifications about the IT requirements for the rollout, leading software company chiefs told Lords Committee. Sara White reports
People planning their retirement will be able to take out up to £1,500 tax free from their pension pots, in three stages, to pay for financial advice and any withdrawal will not affect the current employer-provided pension advice
HMRC has now agreed to review all the cases passed over to outsourcer Concentrix which resulted in a claimant’s tax credits being amended or terminated, as recommended by the work and pensions select committee’s inquiry into the highly controversial contract which was terminated early in September last year
The Scottish government’s formal confirmation that all income tax rates will be frozen next year, with the higher rate threshold unchanged at £43,000, means over 300,000 Scottish top rate taxpayers will pay more than their counterparts south of the border
Quarterly reporting under Making Tax Digital will become mandatory for unincorporated businesses, sole traders, buy-to-let landlords and the self employed from April 2018. We asked CCH tax writer Stephen Relf CTA ACA to delve into the detail and explain the implications from quarterly reporting deadlines to penalties and higher cash basis limits
The introduction of the revised Professional Conduct in relation to Taxation, produced by the leading professional institutes and approved by the Treasury, sets out tough rules on the limits for tax advisers and accountants when providing tax planning advice and professional judgment. Bill Dodwell, head of tax policy at Deloitte, considers the key issues
Following feedback from consultations, HMRC is to modify key elements of the Making Tax Digital (MTD) plans, but is sticking to the April 2018 deadline for the introduction of new quarterly reporting requirements, despite no decision as yet over whether to go ahead with the £10,000 exemption threshold for small businesses
The overhaul of the tax reporting system under Making Tax Digital will see the abolition of the VAT return for certain businesses from 2019, including VAT-registered self employed and landlords
HMRC’s Making Tax Digital reporting plans are to go ahead as planned with an April 2018 launch for quarterly updating and reporting for sole traders and buy-to-let landlords, with a major pilot starting this April although the exemption threshold remain up for review, reports Sara White
HMRC is under fire from MPs over its strategy for collecting tax from the very wealthy, amid claims its approach offers preferential treatment not available to other taxpayers and is ineffective, with receipts dropping by £1bn over five years
Proposed non dom rules will see certain individuals treated as UK domiciles for income tax, capital gains tax and inheritance tax purposes, with revised guidance issued and effective from 6 April 2017
Working-age people who give up their job to provide childcare for their grandchildren risk damaging their state pension entitlement because of failure to take up a little known benefit, designed to protect their National Insurance (NI) credits, according to analysis by insurer Royal London
Plans for radical reform of the US tax system to bring it more in line with global tax rules is a priority for Donald Trump's new administration. Jeff Whener, Jon Traub and Natalia Mityaeva at Deloitte unpick the possible key tax measures and their impact on business practice