Tax Compliance

Latest news

Image for basis reform rules amended help businesses

Tax | Basis reform rules amended to help businesses

HMRC has released its response to feedback on proposals to reform the basis period accounting rules, making some amendments to the rules as a result

4 Nov 2021

Tax

Business Tax

Tax Compliance

Tax | Q&A: buy to let owners and CIS

In our regular Q&A series, Croner Taxwise tax adviser John Riseborough, considers whether buy to let owners need to register for the construction industry scheme (CIS) when they own multiple properties

2 Nov 2021

Tax

Business Tax

Tax Compliance

Tax | VAT updates: November 2021

In this month’s VAT update, Graham Elliott focuses on the Rada in Business case over furlough, multiple claims from DIY housebuilder’s scheme and impact of Balhousie decision

1 Nov 2021

Tax | Basis period reform essential for MTD rollout

Basis period reform has to come in before the latest changes to Making Tax Digital for income tax, which are now slated for April 2024, HMRC officials have told a Lords committee

29 Oct 2021

Tax | Budget 2021: HMRC given extra £55m to tackle evasion

HMRC is set to receive additional funding to ramp up its anti-avoidance and evasion efforts with the specialised taskforce earmarked to receive a multimillion boost

27 Oct 2021

Tax | Budget 2021: annual investment allowance extended

In the autumn Budget, the Chancellor Rishi Sunak confirmed measures to support business investment with changes to allowances and covid loans

27 Oct 2021

Tax | Lords to carry out off-payroll IR35 rules follow-up inquiry

The House of Lords Finance Bill Sub-Committee has launched a second inquiry into the implementation of the off-payroll rules in the private sector to find out how these rules are working in practice

25 Oct 2021

Tax

Employment Tax

Tax Compliance

Image for pwc sells global mobility tax business

Tax | PwC sells global mobility tax business

Private investment firm Clayton, Dubilier & Rice has acquired the global mobility tax services business of professional services firm PwC

20 Oct 2021

Tax | Small firms spend £25bn a year on tax admin

The Making Tax Digital initiative, which the government states should be ‘making it easier for individuals and businesses to get their tax right’ has significantly increased costs and admin burdens for small firms

14 Oct 2021

Tax | Taxi drivers face tax checks to renew licence

Changes to the licensing rules for taxi drivers will add a requirement to check their tax compliance before issuing new licenses in a bid to tackle tax evasion from 2022

13 Oct 2021

Tax | HMRC warning on risk of tax avoidance via umbrella companies

HMRC has updated its guidance for companies using temporary labour to reduce the risk of using an umbrella company that uses tax avoidance schemes

12 Oct 2021

Tax

Employment Tax

Tax Compliance

Image for qa vat reclaims and electric cars

Tax | Q&A: VAT reclaims and electric cars

In our regular Q&A, David Smith, VAT adviser at Croner Taxwise, considers whether VAT can be reclaimed on purchases of electric cars

12 Oct 2021

Tax

VAT

Tax Compliance

Image for 31 october deadline paper self assessment tax returns

Tax | 31 October deadline for paper self assessment tax returns

HMRC is reminding taxpayers to check that they have the correct information in order to complete their paper self assessment tax returns by the month end deadline

12 Oct 2021

Tax | Taxing cryptoassets: what you need to know

Holders of cryptoassets need to be aware of the tax implications, whether they are trading or mining. Thomas Cattee, head of white-collar crime, and Tim Crook, head of tax, at Gherson Solicitors examines the latest HMRC guidance

11 Oct 2021

Tax

Personal Tax

Tax Compliance

Image for hmrc clarifies self supply charge vat rules

Tax | HMRC clarifies self-supply charge VAT rules

HMRC has revised the meaning of ‘entire interest’ for the purposes of the self-supply charge following the ruling in the Balhousie case at the Supreme Court, which could be a welcome clarification for charities

7 Oct 2021

Tax | Tory co-chair benefited from £120k tax credits

The Pandora Papers revealed that Conservative party co-chairman Ben Elliot jointly owned a secret offshore film financing company that indirectly benefited from more than £120,000 of UK tax credits

6 Oct 2021

Navigate

Tax Services

Latest news

Tax | Basis reform rules amended to help businesses

Tax | Q&A: buy to let owners and CIS

Tax | VAT updates: November 2021

Tax | Basis period reform essential for MTD rollout

Tax | Budget 2021: HMRC given extra £55m to tackle evasion

Tax | Budget 2021: annual investment allowance extended

Tax | Lords to carry out off-payroll IR35 rules follow-up inquiry

Tax | PwC sells global mobility tax business

Tax | Small firms spend £25bn a year on tax admin

Tax | Taxi drivers face tax checks to renew licence

Tax | HMRC warning on risk of tax avoidance via umbrella companies

Tax | Q&A: VAT reclaims and electric cars

Tax | 31 October deadline for paper self assessment tax returns

Tax | Taxing cryptoassets: what you need to know

Tax | HMRC clarifies self-supply charge VAT rules

Tax | Tory co-chair benefited from £120k tax credits