Tax Compliance

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Image for eu vat regime changes will hit retail businesses

Tax | EU VAT regime changes will hit retail businesses

UK retail businesses selling into the EU need to make sure they are prepared to meet the new EU VAT regime starting on 1 July, warns tax and advisory firm Blick Rothenberg

27 May 2021

Tax

VAT

Tax Compliance

Image for hmrc clarifies vat position electric vehicle recharging

Tax | HMRC clarifies VAT position on electric vehicle recharging

HMRC has confirmed that VAT is chargeable at the standard rate for electric vehicles when using charging points situated in public places

25 May 2021

Tax

VAT

Tax Compliance

Image for retailers may get unexpected tax bills using social media

Tax | Retailers may get unexpected tax bills by using social media

Retailers using social media influencers to ‘advertise’ their products may face unexpected tax bills as HMRC views the arrangement as a benefit in kind, warns tax and advisory firm, Blick Rothenberg

25 May 2021

Tax | One month left to join VAT Deferral New Payment Scheme

Businesses that deferred VAT payments last year have one month left to join online to pay in monthly instalments under the VAT Deferral New Payment Scheme, HMRC has confirmed

20 May 2021

Tax

VAT

Tax Compliance

Image for deadline nhs pension scheme tax repayments extended

Tax | Deadline for NHS pension scheme tax repayments extended

The NHS Business Services Authority has extended the 2019/2020 voluntary scheme pays deadline for members with an annual allowance charge on their pensions

19 May 2021

Tax

Personal Tax

Tax Compliance

Image for are you eligible capital allowances

Tax | Are you eligible for capital allowances?

There is renewed interest in capital allowances following the Budget announcement of the new temporary first-year allowances (FYAs), including the headline-grabbing super-deduction. Stephen Relf CTA ACA examines the tax breaks and potential limitations

19 May 2021

Tax | Nearly 1m taxpayers have already filed 2020/21 self assessment

Taxpayers have been getting organised with 950,000 already having completed their 2020/21 tax returns with 63,500 filing their self assessment on the first day of the tax year, HMRC has revealed

18 May 2021

Tax | Bernie Ecclestone’s lawyer ordered to pay tax on £37m ‘gifts’

HMRC has won a case against lawyer Stephen Mullens over payments totalling around £37m that he claimed were gifts

18 May 2021

Tax | Q&A: tax liability and gift of land to charity

In our weekly Q&A series, Julian Payne, tax advisor at Croner Taxwise, considers the corporation tax liability and reliefs when a business makes a significant donation to charity

18 May 2021

Tax

Business Tax

Tax Compliance

Image for hmrc guidance reflects changes eu vat e commerce portal

Tax | HMRC guidance reflects changes to EU VAT e-commerce portal

As the EU plans an overhaul of its VAT rules for e-commerce businesses, the UK government has published guidance updating the changes to meet with the new EU VAT e-commerce framework

14 May 2021

Tax

VAT

Tax Compliance

Image for treasury launches review office tax simplification

Tax | Treasury launches review into Office of Tax Simplification

The Treasury has launched a review into the effectiveness of the Office of Tax Simplification (OTS), the body tasked with proposing ways to simplify the overly complex UK tax system

13 May 2021

Tax | Zero-rate of secondary NICs for freeport employers

Freeport operators will be able to take advantage of a zero rate of secondary National Insurance contributions (NICs) for employees as part of the government’s plans to increase trade post Brexit

13 May 2021

Tax

Employment Tax

Tax Compliance

Image for mini umbrella companies go under hmrc spotlight

Tax | Mini umbrella companies go under HMRC spotlight

HMRC has issued updated guidance on the potential dangers posed to business and individuals by mini umbrella companies (MUC) in supply chains

13 May 2021

Tax | 30-day CGT reporting window struggles with multiple claims

A number of shortcomings in the online reporting for capital gains tax within the 30-day window have emerged, causing cash flow issues for buy-to-let sellers, warns RSM

13 May 2021

Tax

Property Tax

Tax Compliance

Image for change vat rules e commerce eu

Tax | Change in VAT rules for e-commerce in the EU

Angela Bedi, VAT expert at Croner-i Navigate, considers the new One Stop Scheme (OSS) scheme, one of three reforms to be introduced across the EU from 1 July 2021 to simplify the VAT accounting and compliance for (mainly) online sellers

12 May 2021

Tax

VAT

Tax Compliance

Image for hmrc received 91000 fraud tip offs first few months pandemic

Tax | HMRC received 91,000 fraud tip-offs in first few months of pandemic

HMRC’s fraud hotline received more than 91,000 calls during the first nine months of the Covid-19 pandemic, with concerns that furlough fraud is likely to be behind many of the calls

11 May 2021