Tax Compliance

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Tax | Treasury probes value of social investment tax relief

The Treasury has published a call for evidence on the social investment tax relief (SITR), in a bid to understand the impact of the scheme which has been substantially under-used and is currently due to end in two years’ time

30 Apr 2019

Tax | Deductible vs non-deductible business expenses

Expenses can be claimed as an allowable business expense but there are strict rules about which are allowed by HMRC. David Redfern, managing director of DSR Tax Claims, explains what can and cannot be claimed as an allowable expense

30 Apr 2019

Tax | VAT Q&A: charity event exceeds threshold

In our regular VAT Q&A series from Coner Taxwise, senior VAT consultant Hilary Budd looks at whether an event that raised money for charity but went over the VAT threshold could benefit from the fundraising exemption

30 Apr 2019

Tax | Tax filing deadlines: May - Aug 2019

The key HMRC filing deadlines from May to July 2019 including deadline for Forms P46(Car) (printed form) for quarter ended 5 April, P60 payroll reporting to employees and confirmation statements showing benefits that have had tax collected through payroll in 2018/19

30 Apr 2019

Tax | Penalty perils for early enrolment for Making Tax Digital

Businesses that have already signed up for Making Tax Digital for VAT but are yet to file their latest VAT return need to act quickly to avoid possible penalties if they encounter problems making VAT payments on time, the Association of Taxation Technicians (ATT) is warning

30 Apr 2019

Tax | Tax data: CGT data, HMRC rates of interest - May 2019

Download the HMRC CGT indexation allowance for December 2017 onwards, RPI Index for March 2019 and HMRC rates of interest, and the current stamp duty land tax (SDLT) and land and buildings transaction tax (LBTT) rates, and more

29 Apr 2019

Tax | Termination award tax change from April 2020

Rules set to come into force in 2020 will align the income tax and national insurance contributions (NICs) on termination awards and sporting testimonials, closing a current loophole, which allows effective tax planning

29 Apr 2019

Tax | Film and television production tax reliefs in spotlight

With British film and television production companies continuing to produce high quality and award-winning work, Mercer & Hole partner Andy Turner looks at some of the tax reliefs available to the industry

29 Apr 2019

Tax | Trust Registration Service set for online improvements

HMRC plans to expand the online features on the Trust Registration Service where the majority of trusts and estates have to be listed, following criticism of the system, which is slow to navigate and offers limited services

26 Apr 2019

Tax | GCHQ spies pass cyber crime info to HMRC

British intelligence officers are sharing time critical secret information ‘in a matter of seconds’ with HMRC and a range of financial institutions in a bid to fight cyber crime, the director of GCHQ has revealed

26 Apr 2019

Tax | HMRC must offer online AO complaints service

After pressure from MPs, HMRC has agreed to provide online access for taxpayers who want to file complaints about HMRC to the Adjudicator’s Office (AO) online, rather than having to rely on post, telephone or fax, in line with the department’s commitment to move to digital working

26 Apr 2019

Tax | UK businesses pay 27% of all tax revenue

UK businesses paid nearly £200bn in tax last year, with their contribution amounting to 27% of all tax revenue, according to the CBI which is calling for further tax simplification

26 Apr 2019

Tax | ‘Capricious’ inheritance tax regime needs urgent reform

The triple lock for the state pension should be removed, better-off workers over state pension age should pay National Insurance contributions (NICs) while they continue to work, and the ‘capricious’ inheritance tax (IHT) regime must be overhauled, says House of Lords committee

25 Apr 2019

Tax | Scotland’s air departure tax plans delayed

The Scottish government has announced further delays to its flagship plans to introduce an air departure tax (ADT) in Scotland, which would replace UK wide air passenger duty (APD) and offer a 50% reduction on the UK rate, to the fury of local airport operators

24 Apr 2019

Tax | Young people targeted with phone tax scams

HMRC is warning young adults who may have less experience of the tax system to be especially vigilant about tax refund scams via smartphone, as fraudsters ramp up activity after the self assessment season

23 Apr 2019

Tax | US multinationals owe £4.6bn in unpaid tax

HMRC is chasing US-based multinationals for £4.6bn in underpaid tax last year, up a third since 2017, as the clampdown on companies diverting profits overseas ramps up

23 Apr 2019

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Tax Services

Latest news

Tax | Treasury probes value of social investment tax relief

Tax | Deductible vs non-deductible business expenses

Tax | VAT Q&A: charity event exceeds threshold

Tax | Tax filing deadlines: May - Aug 2019

Tax | Penalty perils for early enrolment for Making Tax Digital

Tax | Tax data: CGT data, HMRC rates of interest - May 2019

Tax | Termination award tax change from April 2020

Tax | Film and television production tax reliefs in spotlight

Tax | Trust Registration Service set for online improvements

Tax | GCHQ spies pass cyber crime info to HMRC

Tax | HMRC must offer online AO complaints service

Tax | UK businesses pay 27% of all tax revenue

Tax | ‘Capricious’ inheritance tax regime needs urgent reform

Tax | Scotland’s air departure tax plans delayed

Tax | Young people targeted with phone tax scams

Tax | US multinationals owe £4.6bn in unpaid tax