The government’s tax take could be seriously diminished as workers fail to return to the UK, people in the south of England look for a better lifestyle and move abroad, and foreign nationals based here cut down their time in the UK, says tax and advisory firm Blick Rothenberg
Any company with employees working overseas needs to consider the local tax rules as well as compliance with UK employment tax rules, explains Martin Jackson, employment tax writer at Croner Taxwise
The Low Incomes Tax Reform Group (LITRG) is reminding self-assessment taxpayers that the second payment on account for 2020-21 is due for payment by 31 July 2021
The Association of Taxation Technicians (ATT) is calling for a delay to a major change in how trading profits are assessed for tax purposes, as well as appealing for more consultation time and a clear roadmap leading up to the proposed introduction of the proposals
In the latest HMRC research report, Chinese online sellers reported a reasonable knowledge of UK tax rules, but wanted to see more guidance and information available in Chinese to improve awareness levels
Sarah Kay, tax writer at Croner-i, reviews the new scheme for claiming bad debt relief on VAT declarations and highlights why the ‘old’ scheme continues to be considered by the courts
Large businesses will have to tell HMRC about potential ‘uncertain’ tax treatments in a move to improve tax compliance and reduce the number of court cases on tax disputes
Reforms to the tax system that will make it easier for small businesses to fill out their returns so that profits will be taxed in the year they are earned have been announced by the government
As the UK emerges from the pandemic and economic activity resumes, HMRC says it is taking an ‘understanding and supportive approach to dealing with those who have tax debts or are concerned about their ability to pay their tax’
R&D tax relief has been a valuable source of innovation funding for thousands of UK businesses since it was first introduced but HMRC’s approach to subsidised expenditure could soon see many of those claiming for customer-led R&D at risk of challenge, warns Jenny Tragner CA ATT, technical director at ForrestBrown
FTSE 250 listed Cairn Energy plc has secured a French court order to seize some 20 Indian government properties in Paris to recover part of a $1.72bn (£1.2bn) arbitration award over a long disputed tax bill
The government is clamping down on tax avoidance by taxi drivers and scrap metal dealers by requiring a tax conditionality test to prove they pay taxes before licences are issued
Mark Cawthron LLB CTA examines the tax implications of residential lease extensions and the changes to the tax reporting and payment rules for disposals of UK residential property
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