Tax Compliance

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Tax | Tax and the farmer: natural capital, biodiversity and rewilding

Accounting and tax treatment of eco-projects, biodiversity net gain income streams and new subsidies will be essential for all areas of farm tax and succession planning

13 Nov 2020

Tax | Remote worker tax to help lower-paid employees

The government should consider introducing a 5% tax on those who continue working from home (WFH) after the pandemic ends, with the potential to raise an additional £6.9bn in revenue to be targeted at lower-paid workers, according to analysis from Deutsche Bank (DB)

12 Nov 2020

Tax | OTS spearheads call for CGT overhaul

The Office of Tax Simplification (OTS) is recommending aligning capital gains tax (CGT) rates with income tax and sharply reducing the annual exempt amount in order to increase tax revenues and create a more equitable tax regime

12 Nov 2020

Tax | HMRC whistleblower payments up 63%

HMRC’s payments to whistleblowers reporting tax evasion have ballooned 63% in the past year to hit £473,000, but remain very modest compared to the US approach to wrongdoing, according to analysis of the tax department’s annual report by BDO

11 Nov 2020

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HMRC

Tax Compliance

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Tax | ICAS proposes three-month waiver for late filing penalties

ICAS has written to HMRC seeking a three-month waiver of the penalties for failure to meet tax filing deadlines, highlighting the impact of Covid-19 disruption on firms and their clients

11 Nov 2020

Tax | Q&A: changes to the rules for movement of goods

In our regular Q&A series, Croner Taxwise, VAT adviser, Tony Chamberlain, explains how the impending changes to the rules concerning movement of goods across the EU will affect UK businesses

10 Nov 2020

Tax | HMRC to act over insurance premium ‘value shifting’

HMRC is consulting on proposals intended to improve the operation of insurance premium tax (IPT), making it easier for both the industry and HMRC to administer, and addressing certain types of avoidance and evasion

10 Nov 2020

Tax | Covid-19 hits HMRC customer response levels

Covid-19 restrictions and HMRC’s leading role in the launch of a slew of government support schemes have hit HRMC’s customer service levels and are having an impact on the amount of tax collected, latest statistics reveal

9 Nov 2020

Tax | Airbnb hosts must act now to avoid HMRC probe

As the online short-term rental giant passes its user data to the tax authority, RSM’s Sarah Saunders says amateur renters should have nothing to fear if they use reliefs and follow the rules carefully

9 Nov 2020

Tax | £5m funding for organisations to help people with tax affairs

HMRC has secured £4.98m funding for 2021-2024, equating to £1.66m per year, to allocate to voluntary and community sector organisations to help them support taxpayers comply with tax obligations and claiming their entitlements

5 Nov 2020

Tax | Oman mulls introducing income tax

Oman is set to introduce an income tax on high earners in 2022, the first of the Gulf states to make such a move

5 Nov 2020

Tax | Brexit and VAT pt2: tour operators, online sales and overseas marketplaces

In the second of a two-part series, Croner-i tax writer Sarah Kay looks at some of the less well publicised VAT consequences of the UK leaving the EU on 31 December 2020, including the tour operators margin scheme, online sales and overseas marketplaces

5 Nov 2020

Tax | Q&A: tax on voluntary receipts

In our regular Q&A series, Croner Taxwise tax adviser, Amaira Badat, explores the tax implications of leaving a gift to an employee before passing away, could it be deemed as a voluntary receipt?

3 Nov 2020

Tax | VAT error correction - CPD module – NEW

This month's exclusive Accountancy Daily CPD module explains in depth the two ways in which the under or overpayment of VAT should be corrected, as well as how to properly notify HMRC

2 Nov 2020

Tax | VAT updates: October 2020

In this month’s round up of VAT cases, Graham Elliott considers VAT on imports after 1 January 2021, the end of the retail export scheme, undisclosed partnerships, roof insulation and Covid-19 payment holidays

2 Nov 2020

Tax | Trusts tax take up by 7% to reach £3bn mark

HMRC’s annual statistics show that while the number of trusts and estates continues to fall, their income has increased, and the total tax bill is up by 7%

2 Nov 2020

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Tax Services

Latest news

Tax | Tax and the farmer: natural capital, biodiversity and rewilding

Tax | Remote worker tax to help lower-paid employees

Tax | OTS spearheads call for CGT overhaul

Tax | HMRC whistleblower payments up 63%

Tax | ICAS proposes three-month waiver for late filing penalties

Tax | Q&A: changes to the rules for movement of goods

Tax | HMRC to act over insurance premium ‘value shifting’

Tax | Covid-19 hits HMRC customer response levels

Tax | Airbnb hosts must act now to avoid HMRC probe

Tax | £5m funding for organisations to help people with tax affairs

Tax | Oman mulls introducing income tax

Tax | Brexit and VAT pt2: tour operators, online sales and overseas marketplaces

Tax | Q&A: tax on voluntary receipts

Tax | VAT error correction - CPD module – NEW

Tax | VAT updates: October 2020

Tax | Trusts tax take up by 7% to reach £3bn mark