Personal Tax

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Tax | OTS calls for simpler rules on employment status tax issues

The rules for employment status tax issues need to be overhauled, according to the latest report from the Office of Tax Simplification (OTS) which is calling for clearer guidance from HMRC when dealing with employment status tax compliance issues around defining whether people are self-employed, including greater manpower resources at the tax office and a dedicated telephone helpline

3 Mar 2015

Tax | Last chance for solicitors to settle unpaid tax bills dating back to 1993

HMRC has issued a final warning to solicitors that the three-month settlement window for legal profession is set to close in one week and is open to individuals who have potentially unpaid tax bills dating back to 1993

2 Mar 2015

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Tax | Tax updates: March 2015

Our monthly roundup of key tax cases from Eclipse 35, FII group litigation to Prudential test claim, Chaudhary case on judicial review search warrants, disputes over Bill of Rights, HMRC's wrestle with identifying Scottish tax payers to comply with the new Scottish Rate of Income Tax and digital company car reporting

2 Mar 2015

Tax | Tax and PAYE issues as statutory shared parental leave approaches

HMRC has released updated tables for employers to calculate statutory paternity pay (SPP) for employees, now that both mothers and fathers with babies due on or after 5 April 2015 are able to share up to 50 weeks of parental leave

27 Feb 2015

Leadership & Management

Tax | FATCA registration guidance updated to publicise time lag

HMRC has updated its Foreign Account Tax Compliance Act (FATCA) registration guidance to inform of the time lag between registration and reporting

26 Feb 2015

International Tax

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Tax | Editor’s comment: it’s not all vanilla tax avoidance

The HSBC private banking scandal has highlighted the abuse and lack of fairness in the application of the UK tax rules and penalties, where a wealthy private investor can settle amicably with HMRC but a recalcitrant plumber faces jail for tax evasion and HMRC inspectors raid SMEs for minor incursions of the tax code, says Sara White

24 Feb 2015

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Tax | Dodwell: the trouble with cash and the PAYE cleaner

The ruckus about paying in cash is creating some mirth as former chancellors and serving MPs vie to outdo each other on their payment arrangements for their cleaners, gardeners and car washers, says Bill Dodwell, senior tax partner and head of tax policy at Deloitte

18 Feb 2015

Tax | Government adds materiality threshold to draft banking reform pensions rules

The government has added a materiality threshold for clearance to draft banking reform pensions regulations, and removed the reporting requirements on trustees, following feedback from a consultation on the draft regulations. It also plans to monitor transitional tax protection issues arising from these regulations

18 Feb 2015

Tax | Overseas requests to UK for tax information up 45%

There has been a hike in the number of requests received by HMRC from foreign governments wanting to know more about the financial arrangements of individuals as more countries clamp down on tax evasion in response to changing attitudes internationally, according to research by Pinsent Masons

17 Feb 2015

International Tax

Tax | HMRC issues Scottish LBBT stamp duty transitional rules

HMRC has issued guidance on applying the transitional rules for Land and Building Transaction Tax (LBTT) following its introduction on 1 April 2015 replacing the current UK system of stamp duty land tax (SDLT)

13 Feb 2015

Tax | Wales consults on SDLT replacement

The Welsh government is consulting on the structure and rates for a new land transaction tax to replace stamp duty in Wales, the first new tax to be levied in Wales for 800 years, following the recommendations of the Silk Commission for greater devolved powers

11 Feb 2015

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Tax | HMRC starts rollout of Verify gov.uk authentification system for taxpayers

The government has started using a new identity authentication service provided by Experian, among other certified providers, to register and authenticate users of some of HMRC’s online digital services, starting with car benefits and self assessment registration

10 Feb 2015

Tax | HMRC trials online company car tax changes

HMRC is running a trial of an online service allowing company car drivers to make changes to car and fuel benefits that will affect their tax codes

10 Feb 2015

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Tax | HMRC finding it complex to identify Scottish taxpayers

With just over a year to go until the introduction of the new Scottish Rate of Income Tax (SRIT), HMRC has admitted it is proving ‘more complex than anticipated’ to identify Scottish taxpayers and is seeking wider data sharing powers

10 Feb 2015

Tax | Tax-free childcare rules redrafted following criticism

HMRC has amended the draft tax-free childcare legislation and will introduce separate laws to address childcare for disabled children following feedback received from a consultation on two proposed regulations which ran from July to October 2014

10 Feb 2015

Law and Regulation

Tax | HMRC to review £100 SA late payment penalty regime

HMRC has signalled it may be considering a more lenient approach towards people who are late sending in their self assessment income tax return, by removing the £100 penalty for missing the deadline for those who have made a genuine effort to get the information in on time but have slipped up

9 Feb 2015

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