Tax Compliance

Latest news

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Tax | Accounting for VAT extension for construction businesses

The Chartered Institute of Taxation (CIOT) welcomes that construction businesses will get an extra five months to prepare for a major change in accounting for VAT, because of the impact of Covid-19

9 Jun 2020

Tax | Q&A: temporary OTT notification extension period

In our regular Q&A series from Croner Taxwise, VAT advice consultant, Sally Atkins explains the background of HMRC’s extension to the notification period for notifying an Option to Tax (OTT)

9 Jun 2020

Tax | Trump threats on digital tax reveals policy free-for-all

With US technology giants in the sights of any digital services tax, investigation could see a new tariff war launched against many countries including the UK, writes Avalara’s Richard Asquith

5 Jun 2020

Tax | Covid-19: delay to VAT reverse charge on construction services

HMRC has announced a five-month delay to the introduction of the domestic reverse charge for construction services, due to the impact of the coronavirus pandemic on the construction sector, and the VAT change will not now apply until 1 March 2021

5 Jun 2020

Tax | 75% of workers support Covid tax hike

Over threequarters of UK workers are willing to pay additional income tax to fund the government’s £300bn of borrowing to fund the Covid-19 response, with many labelling the move ‘a necessary evil’, a survey by AJ Bell has found

4 Jun 2020

Tax | CIOT calls for property sales tax change

The Chartered Institute of Taxation (CIOT) is asking the government to consider delaying changes to capital gains tax rules in relation to home sales, to take account of the impact of Covid-19 on the property market

4 Jun 2020

Tax | Use mediation to speed up tax disputes with HMRC

While businesses and taxpayers worry about the current economic environment, Alternative Disputes Resolution can be the key to unlocking costly and time-consuming arguments with the tax authority, argue BDO’s Karmjit Mader and Talia Greenbaum

4 Jun 2020

Tax | US to probe UK’s digital services tax

The US has launched an investigation into digital services taxes (DSTs) that have been adopted or are being considered by a number of its trading partners, including the UK, on the grounds that they will unfairly penalise companies like Google and Amazon

3 Jun 2020

Tax | UK’s richest in line for £23bn coronavirus savings

The richest 20% of UK households are set to save £23bn by mid-June as a result of reduced spending during lockdown, more than six times as much as the savings made by the poorest 20% of households, according to calculations from the New Policy Institute (NPI)

2 Jun 2020

Tax | Q&A: homeworking expenses claim

In our regular Q&A series from Croner Taxwise, tax adviser, Kabita Tank explains what conditions need to be met for an employee to claim the tax-free homeworking allowance of up to £6 per week

2 Jun 2020

Leadership & Management

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Tax | MPs to scrutinise £155bn of tax reliefs

The Public Accounts Committee (PAC) has opened an inquiry into the UK’s management of ‘tax expenditures’, after a National Audit Office (NAO) report identified over 300 such tax interventions, at a cost of £155bn a year

1 Jun 2020

Tax | Covid-19: consultation on taxation of coronavirus support grants

HMRC is holding a two-week consultation on the technical effectiveness of legislation to introduce rules on the taxation of coronavirus business support grants, which will be included in Finance Bill 2020

1 Jun 2020

Tax | William Hill signals £150m betting windfall

Gambling group William Hill has stated it expects to recover up to £150m in tax after HMRC lost a legal challenge, with a tribunal finding VAT was wrongly applied to revenues from fixed odds betting terminals (FOBTs) in betting shops

27 May 2020

Tax | Delay to EU’s e-commerce directive raises questions for UK business

Plans to push back directive and VAT one stop shop by six months raise concerns if Brexit transition period ends on 31 December, but create opportunity to plan ahead, argues Andy Spencer, professional services director at Accordance

27 May 2020

Tax | £500m rates rebate windfall for supermarkets

UK supermarkets are in line for £500m in tax refunds, after the Supreme Court ruled in their favour at the conclusion of a lengthy dispute with the Valuation Office Agency (VOA) over business rates payments on ATMs

26 May 2020

Tax | Q&A: company bad debts

In our regular Q&A series from Croner Taxwise, tax adviser, Laura Burrows CTA explains the tax consequences which apply if a businesses debtors are unable to pay their debts

26 May 2020

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Tax Services

Latest news

Tax | Accounting for VAT extension for construction businesses

Tax | Q&A: temporary OTT notification extension period

Tax | Trump threats on digital tax reveals policy free-for-all

Tax | Covid-19: delay to VAT reverse charge on construction services

Tax | 75% of workers support Covid tax hike

Tax | CIOT calls for property sales tax change

Tax | Use mediation to speed up tax disputes with HMRC

Tax | US to probe UK’s digital services tax

Tax | UK’s richest in line for £23bn coronavirus savings

Tax | Q&A: homeworking expenses claim

Tax | MPs to scrutinise £155bn of tax reliefs

Tax | Covid-19: consultation on taxation of coronavirus support grants

Tax | William Hill signals £150m betting windfall

Tax | Delay to EU’s e-commerce directive raises questions for UK business

Tax | £500m rates rebate windfall for supermarkets

Tax | Q&A: company bad debts