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Tax | Budget 2018: principal residence relief final period exemption

Budget 2018 announced changes to two of the ancillary reliefs in private residence reliefs, specifically those that provide relief on rented property and on gains made in the final period of ownership, regardless of occupancy

29 Oct 2018

Tax | Budget 2018: apprenticeship levy contributions halved for small businesses

In his Budget Chancellor Philip Hammond announced plans to halve the amount of apprenticeship levy contributions that small businesses pay from 10% to 5% to encourage take up

29 Oct 2018

Tax | Budget 2018 Insight Report - FREE download

Written by our expert team of tax authors, the Croner-i 2018 Budget Insight Report delivers expert opinion and commentary on the latest major tax changes is now available

29 Oct 2018

Tax | Predictions for a ‘quiet’ Budget

Ahead of Monday afternoon’s Budget, the first to be held under the new schedule, the Chancellor faces a tough challenge given the need to fund both the government’s pledge of an end to austerity and a £20bn boost for the NHS

26 Oct 2018

Tax | HMRC leads campaign to halt property money laundering

HMRC has initiated a government campaign, in partnership with property industry experts, which is targeting estate agents who fail to report suspicions of dirty money used to buy properties

26 Oct 2018

Tax | Editor’s comment: only the beginning for Making Tax Digital

As HMRC launches the full trial for Making Tax Digital for VAT, nearly a million businesses can now test out the VAT quarterly reporting system which will be mandatory from April 2019. Sara White considers the longer term HMRC approach to digital tax reporting

25 Oct 2018

Tax | HMRC wins £79m tax avoidance case

The Court of Appeal has found in favour of HMRC in a long running £79m tax avoidance case involving Teesside Power Ltd (TPL) which sought to use a scheme devised by EY to avoid corporation tax liabilities

24 Oct 2018

Tax | 100 days to go to online tax return deadline

HMRC is advising taxpayers that there are 100 days left to file their 2017/18 tax return and urging them to avoid the last-minute rush

24 Oct 2018

Tax | MP refuses to appear before Lords committee

MP Mel Stride, financial secretary to the Treasury, is under pressure to appear before a Lords committee after the publishing of a letter criticising his refusal to appear and answer questions about HMRC’s use of its powers

24 Oct 2018

Tax | Croner-i launches interactive Navigate Tax tool

Croner-i has launched Navigate Tax, a brand new interactive online system packed with practical modules for busy tax practitioners

24 Oct 2018

Tax | HMRC policy on loan charge for disguised remuneration schemes published

HMRC has published information on the loan charge which will apply to disguised remuneration loans that are outstanding on 5 April 2019, and which is expected to protect £3.2bn in tax by tackling avoidance schemes

24 Oct 2018

Tax | Dodwell: bilateral agreements curb use of treaty shopping

Bill Dodwell, senior policy adviser at the Office of Tax Simplification (OTS) unpicks one of the rules in the OECD’s Base Erosion and Profit Shifting (BEPS) project which limits the use of treaty shopping through the use of bilateral agreements

24 Oct 2018

Tax | Q&A: pension tax relief on dividends

Croner Taxwise tax adviser Amaira Badat explains the restrictions on pension contributions, including the annual allowance, the lifetime allowance, and the money purchase annual allowance

23 Oct 2018

Tax | MTD ‘heading for a giant car crash’ warns Lords committee

HMRC has only fully tested 23 software products compatible with Making Tax Digital (MTD) due to delays in rolling out the full trial and there is still widespread lack of awareness of the programme, Lords warn

23 Oct 2018

Tax | HMRC builds up football image rights probe

HMRC has brought more footballers and their agents into the net of its enquiries into allegations about potential tax abuses related to players’ image rights as part of investigations into possible tax avoidance

22 Oct 2018

Tax | MTD deadline pushed back for ‘small minority’

HMRC has confirmed that ‘a small minority’ of VAT-registered businesses with more complex requirements will not be required to switch to its flagship Making Tax Digital (MTD) for VAT regime at the deadline of 1 April 2019, but will be given a further six months to prepare

22 Oct 2018