Tax | Filing deadlines: October - December 2021

In our handy guide to tax filing deadlines, we provide an at-a-glance guide to key dates from the deadline for notifying chargeability for income tax and capital gains tax to final claims for coronavirus job retention scheme

4 Oct 2021

Tax

HMRC

Tax Compliance

Tax | Is it possible to close the tax gap?

As the annual tax gap stays stubbornly around the 5% mark, Anthony Lampard, director at Andersen in the UK, examines the latest figures and asks whether HMRC can really close the gap

4 Oct 2021

Tax

HMRC

Tax Compliance

Tax | Working tax credit employees must report changes to hours

HMRC is urging working tax credit claimants to check if they need to update their working hours if these have reduced as a result of coronavirus as relaxed reporting rules end

30 Sep 2021

Tax

Personal Tax

HMRC

Tax Compliance

Tax | Loan charge – controversy and a crucial deadline

The loan charge has caused much controversy since its introduction in the 2016 Budget and now is the last chance to apply for a refund or waiver under the disguised remuneration repayment scheme, says Chris Etherington, tax partner at RSM

29 Sep 2021

Tax

Personal Tax

HMRC

Tax Compliance

Tax | Q&A: VAT liability and EU reclaims

In this week’s Q&A, Vivienne Scott, senior VAT consultant at Croner Taxwise, examines the VAT liability when looking at claims when products are sourced in the EU

28 Sep 2021

Tax

VAT

Tax Compliance

Tax | Extended loss carry back rules explained

As part of a range of measures to support businesses post-covid, the extended loss carry back rules provide a temporary tax break for businesses. Anna Walker, practice development manager at Onyx Accountants, explains

23 Sep 2021

Tax

Business Tax

Tax Compliance

Tax Planning

Tax | Income tax for internationally mobile employees - special arrangements - part 2

Martin Jackson, employment tax writer at Croner-i, gives an overview of the special tax arrangements that employers may enter into with HMRC, to help reduce compliance issues when dealing with internationally mobile employees 

22 Sep 2021

Tax

Employment Tax

Personal Tax

HMRC

Tax Compliance

Tax | HMRC clarifies rules on VAT One Stop Shop returns

HMRC has issued detailed guidance on EU VAT payments and compliance with the One Stop Shop (OSS) returns process, which comes into effect from 1 October

21 Sep 2021

Tax

VAT

Tax Compliance

Tax | Q&A: reduced rate of VAT set to change

In our regular Q&A series, Croner Taxwise VAT adviser Tony Chamberlain reviews changes to the temporary reduced rate of VAT for supplies of catering, holiday accommodation and admissions to attractions from 1 October

21 Sep 2021

Tax

VAT

Tax Compliance

Business

Companies

Tax | Expat landlords miss tax payments on buy-to-let property

UK expats who own a buy-to-let property in the UK are continuing to approach HMRC to admit they have evaded tax, says UHY Hacker Young

20 Sep 2021

Tax

Property Tax

HMRC

Tax Compliance

Tax | Uncollected taxes hit £35bn topped by VAT non-payment

The tax gap is estimated to be £35bn, which is 5.3%, up from £33bn in 2018-19, when it stood at 5%, based on £674bn in total tax collected for the year, with VAT the worst offender

16 Sep 2021

Tax

HMRC

Tax Compliance

Tax | Changing tax year end date costly but logical, says OTS

The Office of Tax Simplification (OTS) has published analysis of the potential benefits, costs and implications of a change to the tax year

16 Sep 2021

Tax

Personal Tax

Tax Compliance

Consultations

Tax | Agent authorisations when firms merge need client sign-off

HMRC has set out the process for accountancy practices to move clients between firms in the event of a merger or buyout, stressing that client approval is required before tax data can be accessed

16 Sep 2021

Tax

HMRC

Tax Compliance

Business

Accountancy Firms

Tax | Motoring expenses part 1 – recovering VAT on car purchases

Company car purchases fall under specific VAT rules which determine whether the liability can be reclaimed and strict business use only limits. Sarah Kay, technical writer, Croner-i explains the rules

15 Sep 2021

Tax

VAT

Tax Compliance

Tax Planning

Tax | HMRC debt and enforcement

HMRC is ramping up action against tax defaulters while the end of the winding up ban at the end of September will be a shock for some businesses protected by pandemic measures, warns Sushil Patel, director, restructuring advisory, Kroll

14 Sep 2021

Tax

HMRC

Tax Compliance