HMRC's extension of powers for tackling tax evasion were under fire from witnesses at a Lords committee, with concerns being raised about the upholding of individual rights, and whether safeguards for protecting individual rights have kept pace with enforcement activity

Andrew Oury, partner at Oury Clark, takes a wry look at the potential impact of a no deal Brexit on imports and stock availability in a just-in-time supply chain

HMRC fined the UK’s largest businesses £59m in 2017 for ‘careless’ behaviour in their tax affairs, according to figures obtained by Pinsent Masons, which notes an increasingly aggressive approach to reducing the tax gap

Businesses can now pay a mileage rate for work-related journeys in a electric car. Yvette Nunn CTA discusses the uncertainty this will create for business owners when it comes time to file their end-of-year expenses

The OECD has published a list of 21 countries which it says offer residence and citizenship by investment (CBI/RBI) options, or so-called ‘golden passport’ schemes, that can be used to hide assets held abroad from reporting under the common reporting standard (CRS)

The UK is ‘largely compliant’ with the requirements of the international standard on transparency and exchange of information on request (EOIR), but still needs to ensure that information recorded is adequate, accurate and up to date, according to the latest assessment from the OECD

A Lords sub-committee has taken evidence from experts on the digitisation of VAT returns by businesses with turnover above £85,000, which is due to begin in April 2019, and information provided by HMRC on the preparations they need to make

Jason Collins, partner at Pinsent Masons, examines the implications of DAC 6, the EU’s new mandatory disclosure rules for reinforcing cross-border tax transparency

Over the last twelve months there has been a 45% jump in the number of businesses that have had their assets seized by HMRC to settle tax bills when they do not have the cash to pay, according to research from Funding Options, the online business finance supermarket

The Office of Tax Simplification (OTS) has published a call for evidence and an online survey to seek views about tax impact on businesses, particular those at the smaller end of the spectrum, with the aim of identifying opportunities to reduce the regulatory burden

Tax reliefs across film, high-end television, video games, animation programmes, and children’s TV are powering record levels of production in the UK, resulting in an overall economic contribution of £7.9bn in 2016, according to research commissioned by the British Film Institute (BFI) and other sector bodies

If a charity rents out a building from a commercial property company are they liable for VAT on the rent? Vivienne Scott, VAT adviser at Croner Taxwise, explains the VAT liability issues for charities and property owners