Tax Compliance

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Image for qa deemed domicile and automatic remittance

Tax | Q&A: deemed domicile and automatic remittance

In our regular Q&A series from Croner Taxwise, tax adviser Amaira Badat considers the tax implications of the deemed domiciled rules for a non-domiciled long-term resident with foreign income below £2,000

23 Apr 2019

Tax | SMEs say tax regime is not a level playing field

Businesses believes that the UK tax system is fundamentally unfair, with a bias in favour of larger companies, and want more support to stay compliant with new requirements such as Making Tax Digital, according to research by the British Chambers of Commerce (BCC)

23 Apr 2019

Tax | Criminal Finances Act 2017: facilitation of tax evasion rules

HMRC is ramping up its action against businesses which fail to prevent facilitation of tax evasion by staff, but compliance levels are low. Businesses should act now given the risk of corporate criminal investigations, explains Ben Jones, tax partner at Eversheds Sutherland

23 Apr 2019

Tax | HMRC’s direct recovery of debt powers bring in £178m tax

HMRC is claiming the new direct recovery of debt (DRD) powers to recover money owed directly from individuals’ bank and building society accounts have raised £178m of tax revenue, against a background of a low volume of complaints, objections or appeals, with the majority settling before direct intervention was needed

17 Apr 2019

Tax | Using post-cessation tax relief post Sinclair ruling

Lindsey Wicks, tax writer at Croner-i, examines the lack of clarity over the operation of rules concerning insurance proceeds received post-cessation in the wake of the Sinclair ruling

17 Apr 2019

Tax | Big Bad Wolff loses £147k NICs appeal

Actor Robert Glenister has lost a NICs appeal over the operations of his personal service company (PSC), Big Bad Wolff, at an Upper Tribunal

16 Apr 2019

Tax | HMRC sets out provisional rules on IR35 for private sector

HMRC has published preliminary guidance on how to prepare for changes to the off-payroll working rules from 6 April 2020, even though the consultation on the extension of the rules to the private sector has yet to close for comment

16 Apr 2019

Tax | VAT Q&A: treatment of retained deposits after policy change

In our regular VAT Q&A series, Croner Taxwise VAT advice consultant Sally Atkins looks at how changes in policy have affected the VAT treatment of a deposit that is retained after an event is cancelled

16 Apr 2019

Tax | Treasury consults on extension of Money Laundering Directive to tax advice

The Treasury has issued a consultation on plans to introduce the EU’s Fifth Money Laundering Directive into UK law, which will bring tax advice into the remit for the first time

15 Apr 2019

Tax | Businesses warned on winding up perils over unpaid tax

HMRC applied to shut down 4,160 businesses because they had fallen behind on their tax payments in 2018 with financial problems being exacerbated by a late payment culture

15 Apr 2019

Tax | HMRC withdraws 2,600 accelerated payment notices for unpaid tax

HMRC has cancelled another 2,600 of its controversial accelerated payment notices (APNs) during the last year, according to law firm RPC, which says over 10% of APNs issued since 2014 have been withdrawn, raising concerns the process is becoming ‘commoditised’

15 Apr 2019

Tax | US Congress moves to ban free tax filing software

US lawmakers are planning to pass a bill to prevent the Internal Revenue Service (IRS) from developing a free electronic tax filing system to help US taxpayers file digitally

15 Apr 2019

Tax | Compliance fears drive increased use of tax technology

Company boards are increasingly concerned about tax compliance and planning, partly because of initiatives such as Making Tax Digital for VAT and automatic exchange of tax information, driving a 20% hike in investment in tax technology

12 Apr 2019

Tax | Treasury funds £9bn change to GDP calculations

The Treasury is ploughing £9bn into the Office for National Statistics (ONS) to develop cutting-edge methodologies for measuring how the UK economy is performing to provide new ‘super-fast’ indicators to inform tax and spending plans, and economic decision-making

12 Apr 2019

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Image for accountants call simplification apprenticeship levy

Tax | Accountants call for simplification of apprenticeship levy

The apprenticeship levy system remains deeply unpopular with professional services firms in the UK, who view it as an extra tax that complicates learning and development, and should be radically simplified, according to research by the Managing Partners’ Forum

12 Apr 2019

Tax | Accountancy Daily changes newsletter timings

Accountancy Daily is rejigging the timings for its daily newsletters to ensure that all our readers receive breaking news and analysis on the day it happens and relaunching a dedicated morning technical e-alert service

11 Apr 2019