Tax Compliance

Latest news

Image for loan charge repayments deferred until september 2020

Tax | Loan charge repayments deferred until September 2020

The government has agreed to defer loan charge repayment date to September 2020 in a move which will see 11,000 affected taxpayers removed from the tax clawback following the release of the Amyas review

20 Dec 2019

Tax | EU signals support for OECD digital tax

MEPs have pulled back on plans to introduce an EU digital tax as member states fail to reach agreement

19 Dec 2019

Tax | Dixons loses £1.8m VAT claim on bouncing cheques

Retail chain Dixons has failed at a First Tier Tribunal (FTT) appeal in a bid to reclaim £1.8m of overpaid VAT on cheques which had been dishonoured, on the basis it was out of time for a refund

19 Dec 2019

Tax | Private residence relief on property sales

An overhaul of tax rules on private residence relief (PRR) from April 2020 will reduce the final period exemption to nine months, hitting individuals who own more than one residential property which they have lived in as their main residence at any time. John Spencer-Silver, senior associate at Forsters LLP, explains

19 Dec 2019

Tax | EU votes for change to cross-border VAT rules

MEPs have voted to make it mandatory for payment service providers to collect cross-border e-commerce payment to crack down on VAT fraud

18 Dec 2019

Tax | Shell pays zero UK corporate income tax

Anglo Dutch giant Royal Dutch Shell paid no corporate income tax in the UK in 2018 but claimed nearly £90m in tax reliefs

18 Dec 2019

Tax | Lloyd Webbers beat HMRC in £6m Barbados CGT case

Musical impresario Andrew Lloyd Webber has won a tax case against HMRC over a claim for a capital gains tax rebate over development of a luxury beachside mansion in Barbados which was never completed

13 Dec 2019

Tax | Tips and advice: saving tax on corporate Christmas

With the festive season in full swing, Jonathan Amponsah CTA FCCA, CEO of The Tax Guys, gives a rundown on nine tax-deductible savings available to businesses from Christmas parties to tax-free staff awards and client gifts

13 Dec 2019

Tax | HMRC raises £95m through taxpayer plea bargains

HMRC is less keen to enter into plea bargain style agreements in tax avoidance cases, because it now has more taxpayer data available even though each case generates over £200,000

12 Dec 2019

Tax | Off-payroll working rules: IR35 checklist for contractors - part 3

Jonathan Amponsah CTA FCCA of The Tax Guys examines the IR35 changes to off-payroll working for private companies from the contractor’s perspective from what the new rules means to the tax implications, potential penalties and risks

12 Dec 2019

Tax | HSBC Swiss bank to pay $192m over US tax evasion

HSBC’s private Swiss bank is to pay $192.35m to settle charges brought by the US authorities that it conspired with US taxpayers to evade taxes over a period of ten years

11 Dec 2019

Tax | HMRC faces 460k requests for income tax refunds

Around 460,000 people chased HMRC for refunds on overpaid income tax in the year 2018/19, according to an FOI request by insurance company, Royal London

11 Dec 2019

Tax | SDLT pitfalls of buying a second home

With the Conservatives promising a 3% surcharge on foreign property buyers and complex tax rules around purchase of second homes, Croner-i tax writer Zigurds Kronbergs examines the potential pitfalls for property owners

11 Dec 2019

Tax | Tronc versus tips: understanding tax and NI liability

As the festive season gathers pace, the contentious area of tips versus tronc raises some tricky tax and NI compliance issues. Andy Turner, partner at Mercer & Hole, shares his tips on the most frequently asked questions on tronc

9 Dec 2019

Tax | PAYE compliance after business mergers clarified

HMRC has clarified the rules on the treatment of PAYE employees and full payment submissions (FPS) in the event of business merger or company change of ownership

9 Dec 2019

Tax | US opposes OECD plan to tax multinational digital giants

The US has signalled strong opposition to OECD plans to introduce a wide-ranging digital tax which would hit multinationals, particularly US IT giants

5 Dec 2019

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Tax Services

Latest news

Tax | Loan charge repayments deferred until September 2020

Tax | EU signals support for OECD digital tax

Tax | Dixons loses £1.8m VAT claim on bouncing cheques

Tax | Private residence relief on property sales

Tax | EU votes for change to cross-border VAT rules

Tax | Shell pays zero UK corporate income tax

Tax | Lloyd Webbers beat HMRC in £6m Barbados CGT case

Tax | Tips and advice: saving tax on corporate Christmas

Tax | HMRC raises £95m through taxpayer plea bargains

Tax | Off-payroll working rules: IR35 checklist for contractors - part 3

Tax | HSBC Swiss bank to pay $192m over US tax evasion

Tax | HMRC faces 460k requests for income tax refunds

Tax | SDLT pitfalls of buying a second home

Tax | Tronc versus tips: understanding tax and NI liability

Tax | PAYE compliance after business mergers clarified

Tax | US opposes OECD plan to tax multinational digital giants