Tax Compliance

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Image for edward troup sets out vision future tax advisers ciot roundtable

Tax | Edward Troup sets out vision for future of tax advisers at CIOT roundtable

After a four decade long career working in tax, outgoing HMRC chairman Edward Troup, joined a CIOT roundtable in December to set out his thoughts for the future of the tax authority and the inter-relationship of tax advisers with HMRC and clients over the next few years, highlighting the increasing need to monitor the quality of advisers and acknowledging the impact of Making Tax Digital

22 Dec 2017

Making Tax Digital

Image for could christmas bring gift late tax filers

Tax | Could Christmas bring a gift for late tax filers?

Christmas is coming and we are already thinking about what shiny new tax books we may get from Santa. You may shake your heads, but clearly Christmas means tax to some people, says Sarah Saunders, tax manager at RSM

22 Dec 2017

Image for president trump sign historic tax reform legislation

Tax | President Trump to sign historic tax reform legislation

President Trump is set to sign his historic legislation ushering in the biggest US tax overhaul for a generation, after a second House of Representatives session voted to pass the bill, with the only delay now down to the practical requirements of getting the necessary documents on his desk before Christmas

21 Dec 2017

International Tax

Image for royalty withholding tax what it means digital multinationals

Tax | Royalty withholding tax: what it means for digital multinationals

As the government tries to curb tax leakage through royalties shifted offshore by multinationals with plans to introduce a withholding tax, Pinsent Masons partner Eloise Walker examines the policy’s chance of success and looks at some of the practical issues facing companies open to the charge

21 Dec 2017

International Tax

Image for self assessment pre population api service tax agents delayed

Tax | Self assessment pre-population API service for tax agents delayed

HMRC has delayed the rollout of pre-population APIs (application programming interfaces) which allow agents using tax software products to access client data while completing self assessment (SA) returns

20 Dec 2017

Image for scammers dupe taxpayers settling rogue tax bills itunes gift cards

Tax | Scammers dupe taxpayers into settling rogue tax bills with iTunes gift cards

HMRC is warning the public about a high profile phone scam that is conning vulnerable and elderly people out of thousands of pounds into paying non-existent tax bills using iTunes gift cards

20 Dec 2017

Accountancy Firms

Called to Account

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Tax | VAT repayment claims clarified after ruling on investment trust companies

HMRC has published a briefing setting its view following a Supreme Court judgment in the case involving investment trust companies (ITC), which centred on claims made by final consumers against HMRC for VAT that had been wrongly charged to them by their suppliers

20 Dec 2017

Law and Regulation

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Tax | Universal high speed broadband to be legal right

The government is to legislate to make high speed broadband a legal right, introducing a regulatory universal service obligation (USO), giving everyone in the UK access to speeds of at least 10 Mbps by 2020, in a move which will ease the introduction of HMRC’s Making Tax Digital online updating initiative

20 Dec 2017

Making Tax Digital

Accountancy Firms

Image for hmrc consults making tax digital vat rules

Tax | HMRC consults on Making Tax Digital VAT rules

HMRC has issued a seven-week consultation on the rules for VAT reporting under Making Tax Digital, due to come into force from April 2019 for businesses registered for VAT

20 Dec 2017

Making Tax Digital

Image for dodwell and prosser review key tax changes 2017

Tax | Dodwell and Prosser review key tax changes in 2017

In a busy year of complex tax changes, two Finance Acts set out a raft of new measures for businesses and individual taxpayers. Bill Dodwell CTA ACA, partner and head of tax policy at Deloitte and Kevin Prosser QC set out the key tax developments of 2017

20 Dec 2017

Making Tax Digital

Law and Regulation

Image for paradise papers law firm takes legal action against media

Tax | Paradise Papers law firm takes legal action against media

Appleby, the law firm at the centre of the leak of documents contained in the so-called ‘Paradise Papers, has said it will take legal action against the BBC and the Guardian over their reporting of details of offshore tax-avoidance schemes

19 Dec 2017

Law and Regulation

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Tax | Aplin: HMRC must learn from RTI

HMRC's recent post implementation review of its real time information (RTI) programme shows that HMRC really must understand the needs of business to safeguard Making Tax Digital rollout, says Paul Aplin vice president at ICAEW and tax partner at AC Mole

19 Dec 2017

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Tax | Supporting grassroots sport: tax breaks

Sarah Bradford ACA CTA (Fellow), director of WriteTax, explains how the corporation tax deduction to encourage companies to support grassroots sport works and considers how to make the most of this valuable tax break

19 Dec 2017

Law and Regulation

Image for eu opens investigation ikeas tax affairs

Tax | EU opens investigation into Ikea’s tax affairs

The European Commission has opened an in-depth inquiry into Swedish retailer Ikea’s tax structure in the Netherlands over concerns that the company may have been given unfair tax advantages, in breach of EU state aid rules

18 Dec 2017

International Tax

Image for bahamas signs oecds multilateral convention tax matters

Tax | Bahamas signs up to OECD’s multilateral convention on tax matters

The Bahamas has signalled its intention to join international efforts to tackle tax evasion and avoidance, by signing the OECD’s multilateral convention on mutual administrative assistance in tax matters and joining the base erosion and profit shifting (BEPS) framework, in a move viewed as significant for its financial services industry

18 Dec 2017

International Tax

Image for hmrc promises more criminal prosecutions

Tax | HMRC promises more criminal prosecutions

HMRC has published its single departmental plan setting out its objectives for the year and how they will be achieved, including making greater use of criminal prosecutions to tackle tax avoidance and evasion

15 Dec 2017

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