Tax | Making Tax Digital for VAT expansion from April

HMRC is warning businesses to make sure they are ready for changes to reporting under Making Tax Digital (MTD) for VAT before it becomes mandatory for all VAT-registered businesses from 1 April this year

10 Jan 2022

Tax

Making Tax Digital

HMRC

Tax Compliance

Tax | Rules on VAT reclaims on charging electric vehicles updated

HMRC has clarified guidance on VAT reclaims on electricity for charging electric vehicles although it is still reviewing how employees can make claims on domestic charging

7 Jan 2022

Tax

VAT

HMRC

Tax Compliance

Tax | Capricorn Energy settles £780m Indian tax dispute

Capricorn Energy plc, formerly Cairn Energy, has come to an agreement with the Indian government over a long-standing tax dispute

7 Jan 2022

Tax

International Tax

Tax Compliance

Tax | Facing an HMRC investigation

HMRC compliance activity traditionally takes the form of a statutory enquiry which can send shock waves through a firm. Danielle Ford, head of tax disputes and resolutions, and Riocard Hoye, senior manager, haysmacintyre, consider disclosure notices and penalties

6 Jan 2022

Tax

HMRC

Tax Compliance

Tax | Essentials: tax and the property market

As we head into 2022, Tim Walford-Fitzgerald, partner at HW Fisher shares his expectations for the property market and the six major tax considerations you need to be aware of

6 Jan 2022

Tax

Property Tax

VAT

Tax Compliance

Tax | Filing deadlines: January – March 2022

In our handy guide to tax filing deadlines, we provide an at-a-glance guide to key dates from payment dates for corporation tax instalments to deadlines for amending personal, trustee and partnership tax returns

5 Jan 2022

Tax

HMRC

Tax Compliance

Tax | Ministry of Justice faces £72m IR35 tax bill

In the ongoing saga over IR35 in the public sector, two more government departments are facing multimillion pound tax bills for non-compliance

22 Dec 2021

Tax

Employment Tax

Tax Compliance

Tax | HMRC targets £2.2bn tax shortfall from banks

Large banks face a potential £2.2bn tax liability over disputed taxes, according to figures obtained by a Freedom of Information (FOI) request by DLA Piper, the global law firm

22 Dec 2021

Tax

Business Tax

HMRC

Tax Compliance

Tax | Businesses need to prepare for January EU customs changes

Some of the temporary customs and VAT easements introduced on 1 January 2021 for goods moving between Great Britain and the EU will be removed on 1 January 2022

22 Dec 2021

Tax

Tax Compliance

Business

Companies

Tax | £1bn support package for businesses hit by omicron

The Chancellor has announced a £1bn support package including grants for the hospitality sector and a sick pay rebate scheme as omicron variant spreads

21 Dec 2021

Tax

Employment Tax

Tax Compliance

Business

Companies

Tax | HMRC raises late payment interest rate to 2.75%

Following the increase in the base rate announced by the Bank of England last week, HMRC has confirmed changes to payment interest rates are due to come into force

21 Dec 2021

Tax

HMRC

Tax Compliance

Tax | Q&A: principal private residence relief (PPR) on a new build house

In our regular Q&A series, Croner Taxwise tax adviser Kabita Tank considers the tax rules relating to principal private residence relief (PPR) when building a new house

21 Dec 2021

Tax

Property Tax

Tax Compliance

Tax | Tips for completing tax returns

Although the self assessment deadline is not until 31 January, there continues to be an increase of taxpayers choosing tax returns over turkey by using the festive period to submit their tax returns online

20 Dec 2021

Tax

Personal Tax

Tax Compliance

Tax | Cultural tax reliefs for museums found wanting

The latest cultural tax relief increase offers limited benefit for larger museum and gallery exhibitions, explains Naziar Hashemi, national head of social purpose and non profits, Crowe

16 Dec 2021

Tax

Business Tax

Tax Compliance

Tax Planning

Tax | Furlough scheme supported 11.7m jobs but mistakes will be costly

The latest figures on use of the Coronavirus Job Retention Scheme show that 11.7m jobs were supported by furlough throughout the pandemic, highlighting the risk of HMRC investigations

16 Dec 2021

Tax

Employment Tax

Tax Compliance

Business

Companies