Tax Compliance

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Tax | Six rules you need to know: flexible furlough system

Here are the rules employers and employees need to know to access the government’s flexible furlough scheme that launches on 1 July, explained by Alan Price, HR expert and CEO at BrightHR

1 Jul 2020

Leadership & Management

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Tax | Q&A: can SME's claim R&D plus Covid-19 scheme?

In our regular Q&A series from Croner Taxwise, tax adviser, Amaira Badat explores how an SME’s R&D relief claim will be affected if they also claim under the Coronavirus Job Retention Scheme (CJRS)

30 Jun 2020

Tax | IHT and CGT in spotlight as deficit leaps

The growing budget deficit is concentrating minds on radical reforms to inheritance tax, which now appear more attractive in the current climate, say Judith Millar and Alastair Collett of BDB Pitmans

30 Jun 2020

Tax | HMRC fixes online tax repayment issue

The tax office has resolved its online tax repayment problem so taxpayers can claim overpaid tax they are owed for the 2019-2020 tax year

29 Jun 2020

Tax | Covid-19: delays to overseas VAT claims

HMRC has admitted that changes to its working practices, as a result of the pandemic, have resulted in delays in processing and refunding VAT claims submitted under the Overseas Refund Scheme

25 Jun 2020

Tax | Call for carbon taxes to offset Covid-19 costs

The Treasury should make more use of carbon taxes and consider other changes in tax policy in order to support efforts to reduce greenhouse gas emissions and bolster public finances, according to the Committee on Climate Change (CCC)

25 Jun 2020

Tax | Hidden tax perils for business debt refinancing

As the Covid-19 crisis forces more businesses to raise funds and take on more debt, MHA MacIntyre Hudson’s Chris Denning analyses the possible tax pitfalls of corporate refinancing

24 Jun 2020

Tax | HSBC faces £1.3bn lawsuit over ‘sham’ film investment

HSBC is facing a £1.3bn legal challenge from a group of over 300 investors in a series of Disney filming financing schemes known as the Eclipse Partnerships, which HMRC ruled were tax avoidance vehicles

23 Jun 2020

Tax | VAT updates: June 2020

In this month’s VAT updates, Graham Elliott considers input reimbursement, the use of CCTV as evidence and whether medical scans are VAT-exempt

22 Jun 2020

Tax | Covid-19: Brits call for clampdown on business tax evasion

The public are using lockdown to take decisive action against tax avoidance practices, as a record number would rather shop with (79%) or work for (82%) a business that can prove it’s paying its fair share of tax

19 Jun 2020

Tax | ATT signals businesses to reinstate deferred VAT payments

The Association of Taxation Technicians (ATT) is reminding businesses which have cancelled their direct debit in order to defer VAT payments, to set up a new one soon to prevent penalties

18 Jun 2020

Tax | Covid-19: HMRC clarifies repayment of corporation tax

HMRC has updated its company tax manual outlining when companies can make claims for repayments of corporation tax based on anticipated losses, in light of the exceptional circumstances many industries are facing during the Covid-19 pandemic

18 Jun 2020

Tax | Home office workers risk expense claims tax trap

RSM tax partner Chris Etherington highlights the tax allowances for working from home, but warns against designating a room solely as an office

17 Jun 2020

Tax | Q&A: construction reverse charge

In our regular Q&A series from Croner Taxwise, VAT adviser, Magdalena Tchorz explains how new rules for the domestic reverse charge will affect construction businesses

16 Jun 2020

Tax | Covid-19: self employed grant claimants warned of tax hit

The Low Incomes Tax Reform Group (LITRG) is concerned that recipients of the government’s Self-Employed Income Support Scheme (SEISS) grant might not realise that it is taxable

11 Jun 2020

Tax | EU tax moves impact on UK trade

With Brussels is planning new taxes around carbon, plastic and digital services to bolster the EU economy after coronavirus, the effects of may be felt by UK importers and exporters, says RSM’s George Bull

10 Jun 2020