Tax Compliance

Latest news

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Tax | 1.5m still to file self assessment tax returns by 28 February

Time is running out for the 1.5 million taxpayers who still need to file their self assessment tax return and avoid a £100 penalty, HMRC has warned

21 Feb 2022

Tax | Change to flat rate scheme VAT reporting

HMRC has confirmed that the reporting requirements under the VAT flat rate scheme are due to change in June

18 Feb 2022

Tax

VAT

Tax Compliance

Image for covid grants must be reported company tax returns

Tax | Covid grants must be reported on company tax returns

HMRC is reminding accountants that coronavirus grants and payments to support businesses during the pandemic are taxable, and must be included on annual corporate tax returns

17 Feb 2022

Tax | 100k taxpayers sign up to Time to Pay scheme

Almost 100,000 taxpayers are unable to pay their tax bill and have signed up to HMRC’s Time to Pay scheme to spread the cost of their tax bill

16 Feb 2022

Tax

Personal Tax

Tax Compliance

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Tax | KPMG and Blue J launch AI tax tool

Big Four firm KPMG is partnering with Blue K to develop artificial intelligence (AI) tax analysis tools for the UK

16 Feb 2022

Tax | Q&A: VAT on lease terminations and property dilapidations

In this week’s Q&A, Croner Taxwise VAT adviser Tony Chamberlain, considers the treatment of VAT on lease terminations and property dilapidations in commercial buildings

15 Feb 2022

Tax

VAT

Tax Compliance

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Tax | Determining the tax residence of individuals

Residency is an important factor when deciding which jurisdiction the taxpayer should pay tax in and rules vary between countries. Guillermo Narvaez, tax partner and technical director, Kreston Global Tax Group, considers the tax traps

14 Feb 2022

Tax | HMRC needs to improve CEST tool to reduce risks of IR35 reform

The size and complexity of the private sector means that the extension of off-payroll rules to the private sector makes compliance a problem for HMRC, warns NAO

10 Feb 2022

Tax | Landlords and the 60-day CGT pay and file regime

Budget changes to the deadline for paying capital gains tax on residential property sales means that there is now a 60-day window for payments. Tim Palmer, CTA ATT, explains the intricacies of the system

9 Feb 2022

Tax | Tax reporting should take into account ESG

Businesses need to start looking at tax reporting from an environmental, social, governance (ESG) perspective to build trust and prove commitment to sustainability and social responsibility, says PwC

9 Feb 2022

Tax

Tax Compliance

Tax Planning

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Tax | HMRC raises late payment interest rate to 3%

Following the increase in the base rate, HMRC has confirmed that the late payment interest rate will rise a quarter of a percent from 21 February

9 Feb 2022

Tax

HMRC

Tax Compliance

Image for how accountants can help small businesses adopt mtd

Tax | How accountants can help small businesses adopt MTD

The next phase of Making Tax Digital for VAT will affect all small businesses so getting ready for the change is vital. Glen Foster, director, small business & accounting partners, Xero, provides useful tips

8 Feb 2022

Tax | Q&A: principal private residence relief for an estate

In this week’s Q&A, Croner Taxwise tax adviser Marsha Haywood, examines the use of principal private residence relief (PPR) when an estate is in probate

8 Feb 2022

Tax

Property Tax

Tax Compliance

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Tax | VAT treatment on early contract termination revised

HMRC has issued an update on the VAT treatment of early termination, compensation and similar payments revising 2020 guidance

7 Feb 2022

Tax | HMRC to increase interest rates for late payments

HMRC interest rates for late payments will be revised following the Bank of England interest rate rise to 0.50% with the changes due to come in from mid February

4 Feb 2022

Tax

HMRC

Tax Compliance

Image for top 10 tips pension tax advantages and pitfalls

Tax | Top 10 tips: pension tax advantages and pitfalls

Do you know your lifetime allowance from the restrictions of the money purchase annual allowance for pensions? Adrian Lowery, personal finance expert at Bestinvest, and Louise Higham, chartered financial planner at Tilney, Smith & Williamson explain the tax intricacies

3 Feb 2022

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Tax Services

Latest news

Tax | 1.5m still to file self assessment tax returns by 28 February

Tax | Change to flat rate scheme VAT reporting

Tax | Covid grants must be reported on company tax returns

Tax | 100k taxpayers sign up to Time to Pay scheme

Tax | KPMG and Blue J launch AI tax tool

Tax | Q&A: VAT on lease terminations and property dilapidations

Tax | Determining the tax residence of individuals

Tax | HMRC needs to improve CEST tool to reduce risks of IR35 reform

Tax | Landlords and the 60-day CGT pay and file regime

Tax | Tax reporting should take into account ESG

Tax | HMRC raises late payment interest rate to 3%

Tax | How accountants can help small businesses adopt MTD

Tax | Q&A: principal private residence relief for an estate

Tax | VAT treatment on early contract termination revised

Tax | HMRC to increase interest rates for late payments

Tax | Top 10 tips: pension tax advantages and pitfalls