Tax Compliance

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Tax | Scottish tax laws are ‘unnecessarily complicated’ says IFS

The Institute for Fiscal Studies (IFS) has labelled the Scottish government’s current tax laws, benefit powers, and future policies ‘unnecessary complicated’ in a report released today

15 Apr 2021

Tax

Personal Tax

Tax Compliance

Image for trust registration service launch delayed until autumn

Tax | Trust Registration Service launch delayed until autumn

Changes to the registration of trusts have been delayed for six months until autumn 2021 following delays to developing the new online system

15 Apr 2021

Tax | HMRC to contact self employed claimants for grant four SEISS applications

As the fourth Self Employment Income Support Scheme (SEISS) is due to open for claims, HMRC has confirmed that it will be contacting eligible self employed individuals based on their tax returns in mid-April to give a date for making applications

15 Apr 2021

Tax | Penalty rates for deferred VAT scheme set at 5%

HMRC has confirmed that companies will be liable for a 5% penalty or interest if they do not pay in full or make an arrangement to pay deferred VAT by 30 June 2021

15 Apr 2021

Tax | MP calls for end of umbrella employment companies

Ruth Cadbury MP who co-chaired the Loan Charge APPG’s inquiry into How Contracting Should Work issued last week, is calling on the government to remove Clause 21 from the Finance Bill which would effectively shut down the umbrella industry

14 Apr 2021

Tax

Personal Tax

Tax Compliance

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Tax | Q&A: tax liability when partner falls under IR35 rules

In this week’s Croner Taxwise Q&A, Joe Tabois, payroll advisor at Croner Taxwise, considers the IR35 rules in the context of off-payroll working regulations

13 Apr 2021

Tax | Filing deadlines: April to June 2021

In our handy guide to tax filing deadlines, we provide an at-a-glance guide to key dates from inheritance tax due on lifetime transfers between 6 April and 30 September 2020, forms P46(Car) for quarter ended 5 April and employment intermediary’s quarterly reports

12 Apr 2021

Tax | Management expenses and tax liability - CPD module

In this month's exclusive Accountancy Daily CPD module, we look at reporting of management expenses and tax liability

9 Apr 2021

Tax | Five things you need to know about IR35

The IR35 changes which came into force on 6 April 2021 are a monumental shift for accounting and payroll teams across the UK. Adam Prince, VP product management, compliance, at Sage explains

7 Apr 2021

Tax | Tax cut for employers of veterans introduced

A National Insurance contributions (NICs) holiday for businesses who employ armed forces veterans comes into effect from 6 April and can be backdated

6 Apr 2021

Tax

Employment Tax

Tax Compliance

Image for vat and online marketplaces will recent changes combat fraud

Tax | VAT and online marketplaces – will the recent changes combat fraud?

In an attempt to curb VAT fraud via third parties selling on online marketplaces, new rules shift compliance responsibility to platforms, but will this tackle the growing problem? Rachel Clark, barrister at Bright Line Law, examines the legal framework

6 Apr 2021

Tax

VAT

Tax Compliance

Image for ir35 rules change client fee payer and supply chain provider

Tax | IR35 – rules change for client, fee payer and supply chain provider

The rules for IR35 off-payroll working will be overhauled from 6 April moving liability for tax and NICs to employers when hiring the majority of contractors. Nick Duffin, employment tax director at BDO, explains

1 Apr 2021

Tax

Employment Tax

Tax Compliance

Image for hmrcs cryptocurrency tax treatment introduced without law

Tax | HMRC’s cryptocurrency tax treatment introduced without law

The latest HMRC guidance on the tax treatment of cryptocurrency comes without any legislation underpinning it, warns tax and advisory firm Blick Rothenberg

31 Mar 2021

Tax

Business Tax

Tax Compliance

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Tax | Will the new late filing penalties be fair and consistent?

Meg Wilson, tax writer at Croner-i, examines the points-based late filing penalty regime being introduced in Finance Bill 2021 for VAT and income tax submissions

31 Mar 2021

Tax | April 2021 changes to Making Tax Digital (MTD) for VAT reporting

From 1 April 2021, UK VAT registered businesses will face more Making Tax Digital (MTD) obligations. Scott Craig, partner and head of VAT at Azets, explains the key changes and penalty system

30 Mar 2021

Tax | Q&A: input tax on business gifts

In this week’s Q&A, Priyesh Mistry, VAT advisor at Croner Taxwise, considers whether VAT can be reclaimed on gifts from a client received by a supplier

30 Mar 2021

Tax

VAT

Tax Compliance

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Tax Services

Latest news

Tax | Scottish tax laws are ‘unnecessarily complicated’ says IFS

Tax | Trust Registration Service launch delayed until autumn

Tax | HMRC to contact self employed claimants for grant four SEISS applications

Tax | Penalty rates for deferred VAT scheme set at 5%

Tax | MP calls for end of umbrella employment companies

Tax | Q&A: tax liability when partner falls under IR35 rules

Tax | Filing deadlines: April to June 2021

Tax | Management expenses and tax liability - CPD module

Tax | Five things you need to know about IR35

Tax | Tax cut for employers of veterans introduced

Tax | VAT and online marketplaces – will the recent changes combat fraud?

Tax | IR35 – rules change for client, fee payer and supply chain provider

Tax | HMRC’s cryptocurrency tax treatment introduced without law

Tax | Will the new late filing penalties be fair and consistent?

Tax | April 2021 changes to Making Tax Digital (MTD) for VAT reporting

Tax | Q&A: input tax on business gifts