Tax Compliance

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Tax | Childcare providers to open tax-free childcare account

HMRC has issued guidance on how childcare providers can open an account to receive payments from parents through the tax-free childcare scheme

30 Jul 2018

Tax | Spike in HMRC investigations into high net worth raises £1.2bn

The amount of tax increased from the top earners and wealth creators in the country has increased by nearly a third in the last year following a spike in HMRC investigations

30 Jul 2018

Tax | Editor’s comment: growing the tax code

As HMRC continues with its attempt to close the £33bn tax gap, by releasing dozens of new tax measures as part of the Draft Finance Bill 2018-19, Sara White, editor of Accountancy asks whether all these new tax initiatives take the spotlight off Making Tax Digital for VAT which is quickly approaching

30 Jul 2018

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

Download the HMRC CGT indexation allowance for December 2017 onwards, RPI Index for June 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 Jul 2018

Tax | Technology sees HMRC property raids drop 30%

There has been a 30% drop in property raids carried out by HMRC, as it shifts to using artificial intelligence (AI) and big data to gather evidence for investigations, according to analysis from Pinsent Masons.

27 Jul 2018

Tax | Publishing details of deliberate tax defaulters found ineffective

HMRC’s own research has revealed that its programme for publishing details of deliberate defaulters (PDDD) is largely ineffective as a deterrent because its aim is not well-understood

27 Jul 2018

Tax | British Chambers of Commerce call for cuts in red tape

Three quarters of UK businesses believe the cost of complying with the UK tax system has escalated in the last five years according to the British Chambers of Commerce (BCC), which is calling for the government to cut ‘red tape’ and delay Making Tax Digital plans

26 Jul 2018

Tax | Tax credit income errors could cost 35,000 parents

HMRC is warning that thousands of parents could be at risk of missing out on hundreds of pounds from their tax credits by accidently reporting their income incorrectly through failure to take into account some statutory payments, ahead of next week’s deadline for renewal claims

26 Jul 2018

Tax | Dodwell: withholding tax ruling on funds critical post-Brexit

Bill Dodwell, senior policy adviser at the Office of Tax Simplification (OTS), considers the importance of the recent ECJ ruling on Undertakings for Collective Investment in Transferable Securities (UCITS) funds for withholding tax

25 Jul 2018

Tax | One million still to renew tax credits with a week to go

With just a week to go to the 31 July tax credit renewal deadline, over a million individuals have yet to get in touch with HMRC, which is urging taxpayers to renew online as the fastest and easiest option

25 Jul 2018

Tax | Judicial reviews involving HMRC jump 36%

The number of judicial reviews faced by HMRC rose to 122 in 2017, an increase of more than 30% over the previous year, marking a significant increase in the last three years

25 Jul 2018

Tax | 75% of taxpayers likely to use HMRC’s personal tax account

Personal tax accounts (PTAs), which were launched in 2015 as part of HMRC’s ‘digital by default’ strategy, have received positive feedback with 40% of taxpayers using it to file their self assessment tax return, according to independent research

24 Jul 2018

Tax | Hopkinson: FTSE 100 faces increasing tax litigation over transfer pricing

The risk of tax litigation is rising for the FTSE 100 as companies increasingly face challenges from HMRC over complex transfer pricing arrangements. Raichel Hopkinson, head of practical law dispute resolution at Thomson Reuters Legal considers how to mitigate the tax risk

23 Jul 2018

Tax | OTS proposes PAYE for online platform gig workers

The Office of Tax Simplification (OTS) is suggesting the introduction of a PAYE option for online platform workers, which would see operators such as Deliveroo or Uber deducting tax from their earnings and thereby taking responsibility for fulfilling the tax obligations of their workers

20 Jul 2018

Tax | Increased transparency requirements put tax functions under pressure

Tax and finance functions are struggling to keep up with digital advances, a push towards transparency and global reforms of the international tax system, according to a survey conducted by EY

20 Jul 2018

Tax | Record £850m of tax reliefs claimed by creative sector

TV hit ‘Peaky Blinders’ and Gary Oldman’s portrayal of Winston Churchill in the film ‘Darkest Hour’ are just two of dozens of examples from Britain’s world-leading creative sector to have benefited from over £850m of tax breaks in the last year, according to the latest HMRC statistics

20 Jul 2018

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Tax Services

Latest news

Tax | Childcare providers to open tax-free childcare account

Tax | Spike in HMRC investigations into high net worth raises £1.2bn

Tax | Editor’s comment: growing the tax code

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

Tax | Technology sees HMRC property raids drop 30%

Tax | Publishing details of deliberate tax defaulters found ineffective

Tax | British Chambers of Commerce call for cuts in red tape

Tax | Tax credit income errors could cost 35,000 parents

Tax | Dodwell: withholding tax ruling on funds critical post-Brexit

Tax | One million still to renew tax credits with a week to go

Tax | Judicial reviews involving HMRC jump 36%

Tax | 75% of taxpayers likely to use HMRC’s personal tax account

Tax | Hopkinson: FTSE 100 faces increasing tax litigation over transfer pricing

Tax | OTS proposes PAYE for online platform gig workers

Tax | Increased transparency requirements put tax functions under pressure

Tax | Record £850m of tax reliefs claimed by creative sector