Tax Compliance

Latest news

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Tax | HMRC changes VAT policy for private baby scans

HMRC has published a brief on changes to the VAT treatment of ultrasound scanning services for pregnant women following the decision of a First Tier Tribunal (FTT)

30 Oct 2020

Tax | Businesses warned on drop in annual investment allowance

Businesses considering the purchase of capital equipment need to think quickly or risk missing out on significant amounts of tax relief over the next few years, the Association of Taxation Technicians (ATT) is warning

29 Oct 2020

Tax | Brexit and VAT pt1: mini one stop shops, tourism and VAT refunds

In the first of a two-part series, Croner-i writer Sarah Kay reviews a number of the less well publicised Brexit consequences for UK businesses trading in the EU, including the impact of mini one stop shops, tax free shopping for tourists and EU VAT refunds

29 Oct 2020

Tax | Property developer ‘plays a blinder’ on VAT claim

HMRC looks set to change its guidance after a property developer won a case at a First Tier tribunal (FTT) challenging the VAT rating for window blinds installed in new homes

28 Oct 2020

Tax | HMRC: 95 days left to self assess

HMRC is reminding self assessment taxpayers that there are just 95 days left to complete their tax return ahead of the deadline on 31 January 2021

28 Oct 2020

Tax | Call for changes to ‘inflexible’ business rates

A third of companies say they need government support to survive the next six months, with a similar proportion expecting to make redundancies according to ICAEW, which is calling for changes to business rates and targeted help to limit the economic damage of Covid-19

27 Oct 2020

Tax | Covid-19: childcare support eligibility extended

Working parents who are on coronavirus support schemes will remain eligible for childcare support even if their income falls below the minimum threshold requirement, the government has announced

27 Oct 2020

Tax | Waste management company wins £1.6m landfill tax refund

Leading waste management specialist Augean is set to receive a £1.6m repayment of landfill tax, the first such payment in its lengthy legal battle with HMRC over a total of £40.4m of disputed assessments

27 Oct 2020

Tax | Crown preference will knock out rescue finance

Putting HMRC at the front of the creditors’ queue risks undermining all the Treasury’s efforts to support business in these difficult economic times, argues Cameron Gunn, senior partner at ReSolve

27 Oct 2020

Tax | Covid-19 spurs working from home tax relief claims

With up to £124 a year available as tax relief, it is perhaps not surprising that some 54,800 working from home tax relief claims were made through HMRC’s new online portal in the first 11 days of operation, writes Philip Smith

26 Oct 2020

Leadership & Management

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Tax | Further deferral opportunity for self-assessment taxpayers

Following the chancellor’s Winter Economy Plan, Crowe’s Nick Latimer unpicks the implications for self-assessment taxpayers, including an extra 12 months to pay alongside other measures, but warns there are strings attached, including interest and time restrictions

22 Oct 2020

Leadership & Management

Image for wales raises ps300m tax revenue

Tax | Wales raises £300m in Tax Revenue

The Welsh Revenue Authority (WRA) reported £300m tax raised during the last financial year in its annual report, this is the first time the national revenue raising body has reported on delivery against its Corporate Plan 2019 to 2022

22 Oct 2020

Tax

International Tax

Tax Compliance

Image for icelandic music stars challenge tax laws

Tax | Icelandic music stars challenge tax laws

The Icelandic post-rock band Sigur Rós is calling for a review of the country’s tax laws, as its members prepare to face a second trial over charges of tax evasion, claiming there is a risk of ‘double jeopardy’

21 Oct 2020

Tax

Personal Tax

Tax Compliance

Image for call improve administration tax reliefs

Tax | Call to improve administration of tax reliefs

Taxpayers are missing out on claims for tax reliefs because of the complexity of applying, and HMRC should enhance the functionality of digital tax accounts and streamline expenses claims to improve take up, according to a report from the Office of Tax Simplification (OTS)

21 Oct 2020

Tax | HMRC’s R&D tax credit data fails to measure success

Accountants and their clients are being let down by the government’s research and development tax credit data reporting, missing the opportunity to reveal whether it works, while reducing the risk of fraud, according to ForrestBrown’s Jenny Tragner

21 Oct 2020

Tax | Business warned ‘time is running out’ over Brexit planning

With around 50 working days until the end of the Brexit transition period, at which point the UK will leave the EU customs union and single market, the government is to urge business leaders to accelerate preparations for an Australia-style exit

20 Oct 2020