Tax Compliance

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Tax | Q&A: homeworking tax implications

In our regular Q&A series, Croner Taxwise, tax adviser, Ibrahim Nalla, explains the tax implications of buying a brand-new office pod to be installed in a company director’s garden, how will the company and director be affected?

20 Oct 2020

Tax | Furlough overclaim probe threat as deadline expires

With HMRC writing to thousands of businesses warning them of investigation risk if they have incorrectly or fraudulently claimed job support grants, now is the time to get records in order, writes Philip Smith

19 Oct 2020

Tax | HMRC’s tax gap estimate branded ‘misleading’

HMRC’s reporting of the ‘tax gap’ has been labelled as ‘misleading’ by the public accounts committee (PAC), which says the department should explain the limitations of its approach to calculating the difference between the tax that should be paid on the UK’s economic activity and the amount actually collected

19 Oct 2020

Tax | Relocating Scots warned about tax implications

Young Scots who normally live and work in London and other UK cities, but who have given up expensive accommodation and relocated back home during the pandemic could face bigger tax bills, Blick Rothenberg is warning

16 Oct 2020

Tax | HMRC opens portal for WFH expenses claims

Over 50,000 taxpayers have used a new online portal to claim tax relief for working at home during the pandemic in the first ten days of its operation, HMRC has revealed

14 Oct 2020

Leadership & Management

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Tax | New powers to access taxpayer financial information ‘burden’

Draft legislation will give HMRC powers to request information from financial institutions without approval of the First Tier Tribunal, but could prove expensive to comply with, warns Collyer Bristow’s William Hancock

14 Oct 2020

Tax | One week until ‘gloves off’ HMRC furlough investigations

It's only one week until the end of the 90 day period (Tuesday 20 October) for individuals and businesses to disclose incorrect furlough claims to HMRC, or risk HMRC probe

13 Oct 2020

Tax | Q&A: temporary rate-reduction and multiple-dwellings relief

In our regular Q&A series, Croner Taxwise, tax advice consultant Roger Bradbury, explains how multiple dwellings relief would work in a purchase following the temporary stamp duty land tax (SDLT) rate changes

13 Oct 2020

Tax | Multiple jobs force tax and pay admin shift

The rise of the self-employed ‘quantum worker’, who takes on multiple assignments, demands a change in how businesses manage their payroll and tax management, says John Whelan, CEO of My Digital

12 Oct 2020

Leadership & Management

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Tax | Self assessment ‘time to pay’ threshold raised to £30,000

HMRC has made it easier for self assessment taxpayers to pay the tax they owe incrementally on a monthly basis, by extending the threshold for ‘time to pay’ applications, as part of efforts to ease financial stresses cause by the pandemic

5 Oct 2020

Tax | Year-end tax planning for companies - CPD module – NEW

This month's exclusive Accountancy Daily CPD module focuses on how to carry out an effective pre-year end review of the company’s tax affairs

1 Oct 2020

Tax | VAT updates: September 2020

In this month’s round up of VAT cases, Graham Elliott considers compensation payments, charity advertising, legal fees and whether a houseboat is a building

1 Oct 2020

Tax | Northern Ireland Trade Support Service goes live

The government is urging businesses to sign up to the new free-to-use Trader Support Service with fewer than 100 days until end of Transition period

30 Sep 2020

Tax | Airbnb pays additional £1.8m UK tax

Airbnb UK paid an additional £1.8m in tax last year, following an HMRC investigation into the company’s UK tax arrangements

30 Sep 2020

Tax | EU travel business VAT scheme fuels Brexit uncertainty

With the 31 December Brexit leaving date fast approaching, UK travel operators facing a complex and uncertainty future under the TOMS scheme, including the possibility of registering in all 27 remaining EU states says Sovos Accordance’s Alex Smith

30 Sep 2020

Tax | Q&A: VAT implications of a successful hobby

In our regular Q&A series, Croner Taxwise explores the VAT implications for income earned relating to a hobby, for example prize money, participation fees and sponsorship

29 Sep 2020