Tax Compliance

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Tax | First guidance on IR35 private sector off-payroll rules

HMRC has published its first detailed guidance on how new rules for off-payroll workers (IR35) will operate in the private sector when the responsibility for determining individual’s employment status moves to employers in April next year, reports Pat Sweet

23 Aug 2019

Law and Regulation

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Tax | Graduates overpay £28m in student loan errors

The government is holding more than £28m of overpayments made to the Student Loan Company (SLC) in error, as a result of repayments being deducted from individuals after they have paid off their loans in full

22 Aug 2019

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Tax | Worker cannot claim tax relief on commuting expenses

A man who had a series of temporary contracts working at different company sites has lost his appeal for tax relief on his travel expenses, on the grounds this was ordinary commuting

22 Aug 2019

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Tax | PAYE RTI penalties to remain risk-based

Following a review, HMRC has decided to continue the risk-based approach to PAYE late filing and late payment penalties for employers throughout the 2019/20 tax year with penalties due to go out from September

22 Aug 2019

Image for spain cracks down aggressive tax planning foreign property investors

Tax | Spain cracks down on 'aggressive tax planning' by foreign property investors

With Spanish tax authorities prosecuting tax evaders and the launch of the beneficial owner register, anyone invested in property via a corporate structure should review their tax position. León Fernando Del Canto, a barrister at Normanton Chambers, examines the tax rules

22 Aug 2019

International Tax

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Tax | Using capital allowances for tax relief on business expenditure

Confusion and lack of knowledge about capital allowances discourages many business owners from using this essential tax relief worth up to £1m. David Redfern, director of DSR Tax Claims explains the qualifying criteria for the £1m annual investment allowance (AIA)

21 Aug 2019

Image for rnib forces hmrc change blind persons allowance rules

Tax | RNIB forces HMRC to change blind person’s allowance rules

The Royal National Institute of Blind People (RNIB) has successfully challenged HMRC guidance over the circumstances in which the blind person’s allowance can be transferred between spouses

21 Aug 2019

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Tax | Warning on out-of-date self-help tax guides

Anyone wanting some assistance with filing a tax return has been warned to look closely at self-help guides, after high street retailer W H Smith was found to be selling a publication which is five years out of date

20 Aug 2019

Image for us tech giants oppose french digital tax plans

Tax | US tech giants oppose French digital tax plans

The US government’s investigation into French plans to implement a digital services tax (DST) has started with US tech companies arguing it is a discriminatory move and calling for multilateral cooperation to address changes to the international tax system

20 Aug 2019

International Tax

Image for tax investigations yield hits ps13bn

Tax | Tax investigations yield hits £13bn

HMRC saw actual cash collected from all tax investigations hit £13bn in 2018/19, up 27% from £10.3bn in 2017/18, while transfer pricing fines for multinationals have hit a record £413,000

19 Aug 2019

International Tax

Image for irs misses out 34bn us corporate taxes

Tax | IRS misses out on $34bn in US corporate taxes

The US government has missed out on $34bn (£28bn) of tax revenues from large companies because of budget cuts at the Internal Revenue Service (IRS), according to academic researchers who warn the losses could rise steeply

19 Aug 2019

International Tax

Image for one 10 businesses miss mtd vat filing deadline

Tax | One in 10 businesses miss MTD for VAT filing deadline

An estimated 120,000 businesses have missed the deadline to sign up for Making Tax Digital for VAT, meaning that technically they should be due a penalty from HMRC

15 Aug 2019

Making Tax Digital

Image for luxembourg moves introduce hybrid mismatch tax clampdown

Tax | Luxembourg moves to introduce hybrid mismatch tax clampdown

The Luxembourg government is planning to tighten up the rules on use of hybrid mismatches in line with the EU Anti-Tax Avoidance Directive 2 (ATAD 2), which has to be adopted in EU member states by 2020

15 Aug 2019

International Tax

Image for sale horse vat

Tax | The sale of a horse for VAT

Julie Butler FCA considers the VAT implications when selling a racehorse from shared ownership to applying the business economic activity test, particularly in light of the McMorris case

15 Aug 2019

Image for hmrc wins ps15m hargreaves lansdown loyalty bonus case

Tax | HMRC wins £15m Hargreaves Lansdown loyalty bonus case

HMRC has successfully overturned a ruling on the tax status of ‘loyalty bonus’ rebates made by fund management platform Hargreaves Lansdown, with the result that over 150,000 investors are no longer in line for a £15m repayment windfall

14 Aug 2019

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Tax | VAT Q&A: place of supply rules for intermediary services

In our regular Q&A series, Croner Taxwise VAT adviser Priyesh Mistry explains the VAT rules for third parties and whether VAT is charged at the standard rate when invoicing services from a non-UK based supplier

13 Aug 2019

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