Tax Compliance

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Tax | Tax avoidance blocks celebrities from honours

People in the public eye and other prominent figures who are believed to be participants in tax avoidance schemes are being blocked from receiving public honours if they are named on a list maintained by HMRC, according to reports

3 Sep 2018

Tax | HMRC updates VAT cash accounting guidance

HMRC has updated its guidance on how the VAT cash accounting scheme works, to provide information on how businesses should account for VAT if they leave the scheme voluntarily, or if their turnover exceeds the ceiling

3 Sep 2018

Tax | Tax updates: September 2018

This month's review of tax cases and tax news including QC wins appeal over excessive penalties, conditions for Accelerated Payment Notices were met, Making Tax Digital VAT trial for businesses faces delays

3 Sep 2018

Tax | Browne: Brexit is an opportune moment to simplify tax code

As government publishes papers outlining what would happen to VAT and financial services in the event of a no deal Brexit, Andrew Browne, head of tax at Bishop Fleming, sees Brexit as an opportunity for simplifying complex tax code

30 Aug 2018

Tax | Tax data: CGT data, HMRC rates of interest - Sep 2018

Download the HMRC CGT indexation allowance for December 2017 onwards, RPI Index for July 2018 and HMRC rates of interest, and the current stamp duty land tax (SDLT) and land and buildings transaction tax (LBTT) rates, and more

30 Aug 2018

Tax | Dodwell: historic approach to tax fails to recognise reality

Bill Dodwell LLB CTA, senior policy adviser at OTS, considers how the history of PAYE will impact engagers and online platforms following the release of two HMRC consultations

29 Aug 2018

Tax | VAT claims: HMRC may require additional security

People with a history of poor compliance or in unusual circumstances may be required to give extra security to HMRC when making VAT claims, says Stan Dencher, specialist tax writer at Croner-I

29 Aug 2018

Tax | HMRC to take on football clubs in tax match

Despite some high-profile run-ins between elite football players and the taxman, while football club finance directors remain concerned about tax compliance risks, few are expecting difficulties in defending any actions HMRC may take, according to analysis by BDO

28 Aug 2018

Tax | HMRC makes £343K payments to tax informants

HMRC paid informants more than £343,000 last year for providing information on potential tax evasion, down from a peak of £605,000 in 2015, but still a potential ethical challenge according to City law firm RPC

28 Aug 2018

Tax | Q&A: VAT compliance for building work for a disabled customer

Janis Kirkham, VAT advice consultant at Croner Taxwise, considers whether zero rating VAT is applicable to building work for a disabled customer taking into account reliefs in VATA 1994 Schedule 8 Group 12

27 Aug 2018

Tax | Tax agent who faked invoices loses dishonest conduct challenge

A tax agent who sought to challenge HMRC’s view that he had engaged in dishonest conduct by creating false invoices to reduce a client’s tax liabilities has lost his appeal at a tribunal

24 Aug 2018

Tax | HMRC advisory fuel rates for company car users from 1 September

HMRC has published the latest advisory fuel rates (AFR) for company car users, effective from 1 September 2018 introducing a 4p advisory electricity rate for fully electric cars

24 Aug 2018

Tax | HMRC warning on PAYE tax avoidance via umbrella companies

HMRC is warning people about the potential risks of using some remuneration arrangements offered via agencies and umbrella companies which are marketed as saving tax and increasing take home pay, but are in effect tax avoidance schemes and open to challenge

23 Aug 2018

Tax | Nunn: confusion around HMRC guidance on Making Tax Digital for VAT

HMRC is giving out mixed messages about compliance with Making Tax Digital for VAT, warns Yvette Nunn, director of Berkeley Associates, after spotting a mistake in guidance released by HMRC in July

23 Aug 2018

Tax | What’s changing: CGT overhaul for non-residents

Capital gains tax is being extended to non-residents for gains arising from property and land sales in the UK from April 2019. Stephanie Webber ACA CTA, specialist tax writer at Croner-i, examines the draft rules and potential pitfalls

22 Aug 2018

Tax | Brexit: the future of VAT and customs

The lack of progress on agreement on a trading model and customs arrangements post-Brexit highlights the inherent differences between current EU trade and the customs rules governing non-EU trade. David McGeachy, partner and national head of VAT at Saffery Champness explains

22 Aug 2018