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Tax | Employee benefit trusts: the fallout from Rangers case

Mark Cawthron considers the fallout from the loss of the Rangers EBT case at the Upper Tribunal and some of the grounds for a successful appeal

22 Oct 2014

Tax | HMRC claims accelerated payment notices will collect disputed tax

The first batch of HMRC letters have been sent out under accelerated payment notices (APNs) to chase up disputed tax flagged as unpaid under non-compliant tax avoidance schemes

21 Oct 2014

Tax | HMRC issues warning over 75,000 fake tax refund emails

HMRC is warning taxpayers to be on their guard against fraudulent phishing emails, after receiving reports of almost 75,000 fake emails between April and September 2014 – a 70% increase on the same period in 2013

20 Oct 2014

Tax | HMRC raises £131m from construction company tax probes

HMRC’s yield from tax investigations into the construction sector rose by 7% to reach a record £131m last year and collected revenue has almost doubled over the last four financial years, according to research by NoPalaver group, a provider of accounting services to contractors

20 Oct 2014

Tax | Treasury consults on adding peer-to-peer loans to ISAs

The government has issued a consultation to set out options to enable savers to hold innovative peer-to-peer (P2P) loans in their ISAs which will allow returns to be entirely tax free, for comment by 13 December 2014

17 Oct 2014

Tax | Paper tax returns due 31 October, warns HMRC

HMRC has ramped up its warnings to taxpayers that the deadline for completing paper tax returns for 2013/14 is the end of this month, and that any paper returns received after the 31 October deadline will result in a £100 penalty

16 Oct 2014

Tax | HMRC launches online FATCA reporting service

HMRC has launched an online service for UK financial institutions to register and report financial information on behalf of US customers in accordance with UK/US legislation under the Foreign Account Tax Compliance Act (FATCA)

14 Oct 2014

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Tax | Tax and business mileage – keeping within the rules

As HMRC begins to reinforce the ten-mile rule on reporting business mileage, it is increasingly important to make sure that your business drivers are totally compliant with the new rules, says Nigel Morris, finance director at Fleet Innovations

13 Oct 2014

Tax | CIOT rejects plan to remove personal allowance for non-residents

The Chartered Institute of Taxation (CIOT) is calling on the government to drop the plans to restrict non-residents entitlement to the UK personal allowance

10 Oct 2014

Tax | Cassidy: HMRC should eat humble pie over Montpelier case

After seven years of investigation, the prosecution dropped the charges against the Montpelier duo just as the trial started. HMRC now faces embarrassment following the prosecution collapse, says John Cassidy, tax investigations partner at Crowe Clark Whitehill

6 Oct 2014

Tax | Red card for Messi over tax evasion allegations

Barcelona and Argentina football star Lionel Messi is set to face trial for alleged tax evasion after a Spanish court rejected the striker's appeal against his prosecution on the grounds that his father was responsible for his finances

6 Oct 2014

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Tax | HMRC updates reporting rules on employment intermediaries

HMRC has updated the employment intermediaries guidance to add new reporting requirements from 6 July 2015

2 Oct 2014

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Personal Tax

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Tax | HMRC consults on withdrawal of ESC D45 for CGT roll-over

HMRC has published a consultation document on the effect of withdrawing three of their extra-statutory concessions (ESCs), two on income tax and one on capital gains tax (CGT), for comment by 8 January 2015

2 Oct 2014

Tax | More powers for HMRC to recover debts up to £17k

The tax authorities will have new powers set in law from October 2014 to increase the limits on coding out statements for PAYE so that employees could potentially have half their earnings over £30,000 clawed back by HMRC to settle tax debts

1 Oct 2014

Tax | Nunn: genuine tax reliefs at risk with Follower Notices

The issuance of follower notices to taxpayers who have invested in various tax relief schemes is a reminder of the growing power of HMRC as even the right of appeal has been withdrawn, warns Yvette Nunn

29 Sep 2014

Tax | Economic trends: why tax receipts are in decline

Weakness in tax receipts combined with continued political focus on deficit reduction implies more austerity ahead, warns Martin Beck, senior economist at Oxford Economics

25 Sep 2014

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