Tax | Tax pitfalls of building a garden home office

Investing in a home office with a garden shed upgrade or working pod makes sense for home workers, but there are a number of tax issues to consider, warns Ian McMonagle, taxation director at Russell & Russell

24 Nov 2021

Tax

Personal Tax

Tax Compliance

Tax | The remittance basis and deemed domicile rules

For non doms it is important to consider the levels of the remittance basis charge and when the application of the deemed domicile rules means that a claim for the remittance basis is no longer possible, warns Croner-i tax writer Laura Burrows

24 Nov 2021

Tax

Personal Tax

Tax Compliance

Tax Planning

Tax | What is changing in the world of R&D tax credits?

Changes to research and development (R&D) tax credits are due to come into effect in 2023. AAT’s Annie Makoff examines the impact and talks to accountants about potential pitfalls

23 Nov 2021

Tax

Business Tax

Tax Compliance

Tax | Q&A: subcontracted R&D and tax liability

In this week’s Q&A, Croner Taxwise tax adviser Suzanne Rowland, considers the tax implications for claiming reliefs when subcontracting research and development (R&D) work

23 Nov 2021

Tax

Business Tax

Tax Compliance

Tax | R&D claims need to be submitted early

HMRC is warning businesses to submit research and development (R&D) claims as soon as possible to avoid a delay in receiving payments between December and January

19 Nov 2021

Tax

Business Tax

Tax Compliance

Tax | HMRC sets out individual liability when companies evade tax

HMRC has issued guidance on what action to take if a taxpayer has been sent a notice stating that they may be jointly and severally liable for the relevant tax liability of a company that has been involved in tax avoidance or evasion

18 Nov 2021

Tax

Business Tax

HMRC

Tax Compliance

Tax | CGT incorporation relief – some practical issues

Converting a business from sole trader status to incorporated company has some tax advantages, but it is important to consider the interplay of capital gains tax rules, explains Stephanie Webber, tax writer at Croner-i

17 Nov 2021

Tax

Business Tax

Tax Compliance

Tax Planning

Tax | Q&A: VAT green reliefs and energy efficiency

In this week’s Q&A, Croner Taxwise VAT adviser Sally Atkins considers what VAT reliefs are available for householders when investing in green efficiency products in their domestic residences

16 Nov 2021

Tax

VAT

Tax Compliance

Tax | HMRC contacts 1.3m taxpayers about MTD extension

HMRC is sending letters to the 1.3 million small businesses, including buy to let landlords and the self employed, affected by the next phase of Making Tax Digital (MTD)

15 Nov 2021

Tax

Making Tax Digital

HMRC

Tax Compliance

Tax | Country by country tax reporting adopted by EU

MEPs have approved rules requiring big multinationals to publicly declare the taxes they pay in each EU country, in order to tackle tax avoidance

15 Nov 2021

Tax

International Tax

Tax Compliance

Tax | OECD support produces $850m extra tax

Developing countries have raised an additional $850m (£634m) in undeclared tax due from multinationals with support from the OECD’s tax inspectors without borders initiative for the year ending June 2021

12 Nov 2021

Tax

International Tax

Tax Compliance

Tax | Workers on tax credits warned to check claims

The Low Incomes Tax Reform Group (LITRG) is urging working tax credit claimants to check their position carefully after the ending of certain coronavirus tax credit easements

12 Nov 2021

Tax

Personal Tax

HMRC

Tax Compliance

Tax | HMRC ends payments to Post Office accounts for taxpayers

Around 24,000 HMRC taxpayers with a Post Office card account have just three weeks left to update the department with new payment details before the 30 November deadline, or risk having payments paused

11 Nov 2021

Tax

HMRC

Tax Compliance

Tax | Q&A: tax and cryptocurrency disposals

In this week’s Q&A, Croner Taxwise experts consider the tax implications of disposing of cryptocurrency holdings and whether a lost hard drive containing bitcoin can be written off against tax

9 Nov 2021

Tax

Personal Tax

Tax Compliance

Tax | Filing deadlines: November - December 2021

In our handy guide to tax filing deadlines, we provide an at-a-glance guide to key dates from the deadline for PAYE electronic payments to corporation tax third quarterly instalment payment for very large companies

8 Nov 2021

Tax

Tax Compliance