Tax Compliance

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Tax | Tax filing deadlines: Feb - Jun 2020

The key HMRC filing deadlines including payment of outstanding income and capital gains tax for 2018/19 personal tax returns and corporation tax fourth quarterly instalment payment

30 Jan 2020

Tax | Transact owner faces £4.3m VAT charge

IntegraFin Holdings plc (IHP), parent company of UK investment platform Transact, has been hit with an unexpected £4.3m VAT bill after HMRC challenged its inclusion of its Australian operations within its UK VAT group

29 Jan 2020

Tax | Making Tax Digital increases costs for businesses

Making Tax Digital is not reducing errors and is proving to be much more expensive to implement than HMRC originally claimed, according to a joint user survey by CIOT and ATT

29 Jan 2020

Tax | Time to pay tax arrangements go online

HMRC has modernised time to pay arrangements for taxpayers who are unable to pay their bills allowing them to renegotiate everything online rather than talking to HMRC

29 Jan 2020

Tax | Eligibility criteria for VAT group registration

Angela Bedi, tax writer at Croner-i examines VAT group eligibility for UK companies, related HMRC powers and the current position after recent decisions at the European Court of Justice (ECJ)

29 Jan 2020

Tax | Q&A: penalties for late self assessment tax returns

In our regular Q&A series, Croner Taxwise tax advise consultant Roger Bradbury, explains HMRC’s position when a taxpayer misses the self assessment deadline and therefore falls foul of a late return penalty

28 Jan 2020

Tax | Multinationals pay £5bn as profit shifting tax rules bite

HMRC has raised over £5bn since the diverted profits tax and changes to transfer pricing rules came into force five years ago as global businesses change tax policy

27 Jan 2020

Tax | Non-resident UK companies to pay corporation tax on property income

From April 2020, non-UK resident companies will have to pay corporation tax on UK property income for the first time, with new rules for collective investment vehicles

27 Jan 2020

Tax | Jersey to drop husbands’ consent over wives’ tax

Next week will see Jersey’s States Assembly debate changes to the archaic law on married women’s taxation, with a view to ending the current arrangement whereby wives need their husband’s consent to file their own tax return

27 Jan 2020

Tax | Homeowners warned on ‘seismic’ shift in CGT rules

Homeowners have just over two months to prepare for introduction of the 30-day payment window for capital gains tax on property sales

27 Jan 2020

Tax | Over three million still to submit tax returns

More than three million taxpayers are yet to send in their 2018-19 tax returns and have just one week left to the 31 January deadline, HMRC warns

24 Jan 2020

Tax | Fast food boss banned for accounting failure

The director of a Walsall takeaway has been disqualified by the courts for seven years after the Insolvency Service found he had failed to maintain accounting records

24 Jan 2020

Tax | VAT pitfalls – prevention better than cure

Falling foul of the VAT rules can be an expensive mistake, resulting in an unwanted HMRC penalty or inspection visit. Robert Marchant, VAT partner at Crowe, runs through some fundamentals on compliance from property transactions to import VAT reclaims and intra-group arrangements

24 Jan 2020

Tax | Recruitment bosses call for delay to IR35 for private sector

A group of industry leaders have written to the Chancellor criticising the IR35 rule changes to off-payroll working for the private sector and calling for a one-year delay to introduction

23 Jan 2020

Tax | Taxman to invest £100k in tracking tool to curb crypto asset crime

HMRC is ramping up the technology it uses to track investors in cryptoasset transactions using blockchain, with plans to buy a software analysis tool

23 Jan 2020

Tax | Framework for UK/EU double taxation dispute resolution

HMRC has outlined proposals for new regulations designed to provide a more efficient framework for the resolution of double taxation disputes arising between the UK and other member states post-Brexit

23 Jan 2020