Personal Tax

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Tax | Scotland consults on rates for new Land and Buildings Transaction Tax

The Finance Committee of the Scottish government is calling for comment and views on the setting of proposed rates and bands for the new Land and Buildings Transaction Tax (LBTT) - the Scottish equivalent to Stamp Duty Land Tax (SDLT) and the likely impact on the property market and the wider economy

26 Aug 2014

Tax | ESC A37 rules on director fees should be put into law, says CIOT

The Chartered Institute of Taxation (CIOT) is calling for legislation to cover Extra-Statutory Concession A37 (ESC A37), relating to the tax treatment of directors’ fees received by partnerships and other companies

22 Aug 2014

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Tax | Dodwell: the impact of the GAAR one year on

The UK’s General Anti-Abuse Rule (GAAR) is a year old. It came into effect when the Queen gave her assent to Finance Act 2013 on 17 July 2013. Bill Dodwell, head of tax policy at Deloitte asks what has happened in the last 12 months and whether it has made any impact on behaviour?

22 Aug 2014

Tax | LITRG wants ‘kitemark’ to validate online government services

With the government moving to online services and ‘digital by default’, the Low Incomes Tax Reform Group (LITRG) wants to see clearer markings used to identify official government websites, to prevent the public from being misled into using unofficial websites that charge for services which are otherwise offered for free or at lower cost

21 Aug 2014

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Tax | Criminal offence for offshore tax evasion criticised

Accountants and tax advisors are divided as to the effectiveness of HMRC’s plans to introduce a new strict liability criminal offence of failing to declare taxable income and gains arising offshore, but there is broad support for widening the range of civil penalties

20 Aug 2014

International Tax

Tax | HMRC moves self-assessment guidance to GOV.UK website

HMRC has confirmed that all self-assessment guidance will transfer to the GOV.UK website this week and there will be a number of redirects in place to help with the transition

18 Aug 2014

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Tax | IR35: applying new HMRC guidance for intermediaries

IR35 expert Lesley Fidler, employment taxes specialist at Baker Tilly and member of the HMRC's IR35 Forum, assesses the pros and cons of the new guidance for contractors and tax advisers

14 Aug 2014

Tax | HMRC updates guidance on private pleasure-flying fuel duty

HMRC has issued a revised Notice 554 (August 2014) which gives information and guidance on procedures to be followed for the charging and collection of excise duty on fuel used in private pleasure craft and for private pleasure-flying

13 Aug 2014

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Tax | Nunn: direct recovery of debt scheme railroaded through

Plans to rush through the imposition of direct recovery of debt (DRD) rules illustrate a lack of respect for the profession as consultation feedback is pretty much ignored, says Yvette Nunn, director of Berkeley Associates

11 Aug 2014

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Tax | HMRC clarifies position on accelerated payments, trusts and IHT avoidance

HMRC has hit back at suggestions that new proposals designed to tackle tax avoidance schemes which seek to reduce inheritance tax (IHT) through the use of trusts will result in taxpayers having to pay any disputed tax upfront under the accelerated payments regime, before they die.

11 Aug 2014

Tax | Under 10% of tax credit renewals made online

HMRC reports that more than three million people renewed their tax credits on time, although only one in ten made their claims online despite efforts by the tax authorities to persuade people to submit claims online - the majority still prefer using telephone or postal services.

8 Aug 2014

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Tax | Meeten: how Scottish taxes will change post-referendum

With the Scottish referendum set for 18 September 2014, Jon Meeten, head of tax at KPMG in Scotland, considers the potential tax changes and the impact on business and non-residents from the rest of the UK

5 Aug 2014

Tax | Employment taxes update: August 2014

In this month's round-up of employment tax issues, Lesley Fidler, associate director at Baker Tilly, analyses the Figgs case on relocation expenses, RTI warning letters and HMRC website migration to gov.uk

1 Aug 2014

Tax | OTS calls for radical reform of termination payments and accommodation benefits

The Office of Tax Simplification (OTS) is calling for a major review of the regulations covering accommodation benefits and termination payments to tackle complexity and unfairness in the current tax system

1 Aug 2014

Tax | Debt recovery plans under fire from CIOT and ATT

As the deadline for feedback on new HMRC powers to raid bank accounts passes, CIOT and the ATT have stressed strong opposition to the measures, publishing their responses to HMRC’s consultation on Direct Recovery of Debts (DRD).

31 Jul 2014

Tax | OTS reviews employment status imbalance over NICs

The Office of Tax Simplification (OTS) has launched its employment status project to examine the dividing line between employment and self-employment amid concerns that the significant tax and NIC differences between the two regimes are driving changes in business behaviour, such as the increasing use of personal service companies.

28 Jul 2014

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