Tax | Changes to stamp duty for non-UK residents from 1 April

A special stamp duty land tax (SDLT) hike for non-UK residents comes into force from 1 April and could catch out some overseas based property purchasers. Natasha Heron, tax manager at Hillier Hopkins, explains

2 Mar 2021

Tax

Property Tax

Tax Compliance

Tax | Tax rules for UK residents temporarily working in Guernsey clarified

The Revenue Service is advising people who have chosen to temporarily work for their UK employer from Guernsey during the pandemic that basing themselves in the island may have implications for their personal tax situation

26 Feb 2021

Tax

Employment Tax

Tax Compliance

Tax | File self assessment tax returns now to prevent penalties

Self assessment taxpayers have less than one week to submit their late tax returns by 28 February to prevent a £100 late filing penalty

23 Feb 2021

Tax

Personal Tax

HMRC

Tax Compliance

Tax | Q&A: VAT construction domestic reverse charge

In our regular Q&A series, Croner Taxwise VAT adviser Tony Chamberlain, examines the rules on the construction domestic reverse charge and sets out VAT compliance requirements in five different scenarios

23 Feb 2021

Tax

VAT

Tax Compliance

Tax | Navigating IR35 and the status determination system: part 2

With the off-payroll working rules due to come into effect from April, Michael Paulin considers how to advise a client on the tax status of someone who is not your client

23 Feb 2021

Tax

Employment Tax

Personal Tax

Tax Compliance

Tax | HMRC big business investigations take up to four years

HMRC’s enquiries into big businesses’ tax affairs have now been open for an average of 45 months, up from 43 months last year as the tax authority struggles to clear a backlog of complex tax disputes, says law firm Pinsent Masons

22 Feb 2021

Tax

Business Tax

Tax Compliance

Tax | Student loan thresholds set to rise from 6 April 2021

The thresholds for student loans will increase from the new tax year in April, affecting any employees paying off their academic fees, while interest rates remain at 9%

22 Feb 2021

Tax

Employment Tax

Tax Compliance

Tax | HMRC temporarily waives late payment penalties

Self assessment taxpayers will not be charged a 5% late payment penalty if they pay their tax or set up a payment plan by 1 April, HMRC has announced

21 Feb 2021

Tax

Personal Tax

HMRC

Tax Compliance

Tax | Tax authority clarifies car tax rules for ultra low emission vehicles

HMRC has updated the car and car fuel benefit calculations to support government’s campaign to improve air quality and reduce road pollution

19 Feb 2021

Tax

Business Tax

Tax Compliance

Tax | Time to rethink the high-income child benefit charge (HICBC)

Sarah Saunders, manager, private client services at RSM argues that the government needs to assess the threshold for the high-income child benefit charge (HICBC)

17 Feb 2021

Tax

Personal Tax

HMRC

Tax Compliance

Tax | HMRC clarifies off-payroll working compliance rules

HMRC has published an issue briefing on its compliance approach for the changes to off-payroll working rules, commonly known as IR35, from 6 April 2021

16 Feb 2021

Tax

Personal Tax

HMRC

Tax Compliance

Tax | Q&A: trade losses on incorporation

In our regular Q&A on technical tax issues, Kabita Tank, tax adviser at Croner Taxwise, explains incorporation relief compliance when a sole trader incorporates

16 Feb 2021

Tax

Business Tax

Tax Compliance

Tax | Legal implications of IR35 off-payroll rules - part 1

Michael Paulin, tax barrister, assesses the implications of the changes to IR35 off-payroll rules for larger companies hiring contractors

16 Feb 2021

Tax

Personal Tax

Tax Compliance

Tax | Domestic VAT reverse charge effective 1 March

Ellen Main-Jeffrey, head of VAT services at accountancy firm Burgis & Bullock assesses the implications of new domestic VAT reverse charge

15 Feb 2021

Tax

VAT

Tax Compliance

Tax | Covid VAT deferral payment guidance updated

HMRC has updated guidance on how to register for the online service to pay VAT payments deferred between 20 March and 30 June 2020 due to the covid-19 pandemic

10 Feb 2021

Tax

VAT

Tax Compliance

Business