Tax Compliance

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Tax | Dodwell replaces Morton as OTS head

Only five months after joining the Office of Tax Simplification (OTS) as a senior policy adviser, Bill Dodwell has taken over the helm at the organisation succeeding Paul Morton who has been tax director since March 2017

10 Jan 2019

Leadership & Management

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Tax | HMRC targets multinationals with profit shifting disclosure

The launch of the disclosure facility represents a 'last chance saloon' for companies to close cross-border arrangements and pay what they owe as HMRC steps up its campaign against tax avoidance by multinationals

10 Jan 2019

Tax | Top 12 tips: self assessment tax returns and risk areas

With five million taxpayers yet to file their self assessment tax return Jonathan Amponsah, founder and CEO of The Tax Guys, provides tips to ensure returns are as accurate as possible to avoid any HMRC penalties as well as how to avoid problem areas such as cryptocurrency and student loans

10 Jan 2019

Tax | Treasury to review 2019 loan charge

The Treasury has been forced to agree to review its controversial 2019 loan charge proposals, which are designed to tackle disguised remuneration, by the end of March after a cross-party group of MPs were successful in pushing through an amendment to the Finance Bill

9 Jan 2019

Tax | MPs reject sweeping Treasury Brexit powers

The government’s no-deal Brexit preparations suffered a blow as a clause in Finance Bill 2018-19 (FB 2018-19) giving the Treasury broad powers in the event of a no-deal Brexit was narrowly defeated by rebels and opposition members

9 Jan 2019

Tax | Loan charge settlements: what you need to know

The deadline for settling loan charges with HMRC is 5 April 2019. Meredith McCammond CTA, technical officer at LITRG, answers questions workers who have previously been enrolled in loan schemes may have

9 Jan 2019

Tax | Inheritance tax: liability for unmarried couples - part 1

Eugenia Campbell, tax director at RSM, kicks off a new series on inheritance tax, focusing on the treatment of unmarried couples and cohabitees without children under the current nil rate band tax rules

9 Jan 2019

Tax | Indirect trade demerger: chargeable gains position – part 2

In the second article of a two-part series on demergers, Paul Davies ACA CTA, tax writer at Croner-i, investigates how to ensure there is no disposal for capital gains purposes by the distributing company’s shareholders of their interests in the distributing company

9 Jan 2019

Tax | Half of taxpayers still to complete self assessment

ICAEW is warning the 5.5m individuals HMRC estimates have yet to complete their tax return against leaving it to the last minute, as they risk a penalty if they miss the 31 January 2019 deadline

8 Jan 2019

Tax | Tribunal confusion over BlackRock VAT for financial services case

A dispute between investment management firm BlackRock and HMRC over VAT on financial services has seen the case referred to the European Court of Justice (CJEU) after the Upper Tribunal failed to reach a verdict, reports James Bunney

8 Jan 2019

Tax | Making Tax Digital is an opportunity, not a threat

Kim Hau, senior proposition manager for Onesource Indirect Tax, explains the benefits of different Making Tax Digital (MTD) for VAT software solutions and why companies should embrace a comprehensive approach rather than a quick fix

8 Jan 2019

Tax | Q&A: VAT on architect fees for design and build contracts

Vivienne Scott, senior VAT consultant at Croner Taxwise, discusses whether design and build contracts allow architects to apply a zero rate VAT to the professional services they provide to contractors

8 Jan 2019

Tax | Government consults on doubling plastic bag charge

The government is consulting on proposals to extend and increase the plastic carrier bag charge, which would see it double to 10p and require all retailers to participate

7 Jan 2019

Tax | Ireland’s realtime PAYE system 51% tax shock

The introduction of a realtime PAYE reporting system in Ireland risks leaving around 120,000 people with substantial underpayments in its first month of operation, ACCA is warning

7 Jan 2019

Tax | Upper Tribunal rejects QC tax penalty appeal

The Upper Tribunal has dismissed an appeal against HMRC by a QC over penalty notices, with implications for self-employed workers facing cash flow difficulties and outstanding tax liabilities

7 Jan 2019

Tax | Scottish income tax catches out higher rate taxpayers

Pension saving may soften triple whammy for higher rate Scottish taxpayers with salary sacrifice reducing tax liability while higher pension contributions can offset higher rate child benefit clawback, explains Kay Ingram, director of public policy at LEBC Group

7 Jan 2019