Tax Compliance

Latest news

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Tax | HMRC issues guidance on VAT electronic payments

HMRC has issued guidance about paying VAT to HMRC electronically, and receiving repayments by Bacs, as well as updates to the land and property, education, and construction VAT manuals

11 Oct 2017

Tax | Transfer pricing: intellectual property and intercompany charges

Companies risk millions in fines by not complying with transfer pricing rules on intercompany charges and licensing fees for intellectual property paid to local trading subsidiaries. Ken Almand, partner and UK head of transfer pricing at RSM and Paul Sutton, founder, LCN Legal, explain the essentials for TP tax compliance

11 Oct 2017

Tax | European Commission gets go-ahead to improve tax dispute rules

The European Commission has been granted permission from EU member states to introduce rules to improve tax dispute resolution as well as cover issues relating to double taxation which can be a major obstacle for businesses

10 Oct 2017

Tax | Hyde: diverted profits tax and advance pricing arrangements

The diverted profits tax may have raised £281m in tax revenue in the first full year of operation, but it is proving a challenge for companies. Ian Hyde, tax partner at Pinsent Masons considers the interaction of DPT with advance pricing arrangements (APAs)

10 Oct 2017

Tax | CJEU issues ruling on VAT status of Mercedes leasing agreement

The Court of Justice of the European Union (CJEU) has found in favour of Mercedes-Benz Financial Services UK Ltd (MBFS) in a case concerning the VAT treatment of a specific type of car leasing agreement, in a decision which is likely to have significant ramifications for the automotive finance sector

9 Oct 2017

Tax | Airbnb pays £190k corporation tax on £650m in UK sales

Accommodation sharing website Airbnb is the latest hi tech giant to find its UK tax arrangements under scrutiny, after it emerged the company paid just £188,000 in corporation tax last year despite collecting £657m of rental payments for property owners

9 Oct 2017

Tax | Over £400m of R&D tax credit claims in dispute

The amount of tax HMRC is disputing with big businesses over research and development (R&D) tax credit claims has nearly quadrupled in the past year, up from £90m to £425m, according to analysis by Pinsent Masons

9 Oct 2017

Tax | Termination payments – tax rule change from April 2018

Major changes to the tax calculations for termination payments are set to come into effect from April 2018 which will hit high earners and affect tax calculations. Sarah Bradford ACA CTA (Fellow) explains the changes and the affect on redundancy payouts

9 Oct 2017

Leadership & Management

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Tax | IR35 changes increasing public sector costs

Public sector organisations are shouldering the costs of recent changes to legislation around ‘off-payroll’ working, which have resulted in pay rate hikes, while 70% of recruiters are reporting a drop in contract placements according to the latest research from the Association of Professional Staffing Companies (APSCo)

6 Oct 2017

Tax | 63% of agents not confident explaining simple assessment to clients

Out of the 800 tax agents in HMRC’s latest webinar, 504 (63%) admitted to not feeling confident when helping clients understand the aspects of HMRC’s simple assessments, however this number dropped to 3% after experts from the tax authority outlined the new tax returns

6 Oct 2017

Tax | Making Tax Digital for VAT: what we know so far

With sketchy information available about the plans for the rollout of Making Tax Digital for VAT, Stephen Relf CTA ACA examines early plans for changes to VAT reporting including qualifying criteria, compliance and thresholds

5 Oct 2017

Tax | European Commission seeks major VAT reform to a single EU-wide system

The European Commission is planning the biggest reform of EU VAT rules in a quarter of a century, introducing a pan-European system which it says will be simpler to use and enable authorities to claw back some of the €150bn (£133bn) of VAT lost each year and tackle cross-border VAT fraud

5 Oct 2017

Tax | Free software for Making Tax Digital not viable, says Xero

Accountancy software provider Xero has said providing free programmes for Making Tax Digital quarterly reporting is not practical and should not be expected as the costs to build the software and provide a good service to taxpayers are too high, reports Amy Austin

5 Oct 2017

Tax | Newcastle United loses challenge over HMRC raids

Premier League side Newcastle United has lost a High Court challenge over a raid carried out at club offices by tax officials probing the finances of several football clubs

4 Oct 2017

Tax | Ireland referred to ECJ after failure to collect €13bn Apple tax

Ireland has been referred to the European Court of Justice (ECJ) after failing to collect €13bn (£11.5bn) from US technology giant Apple

4 Oct 2017

Tax | Amazon ordered to pay €250m in back taxes after EU ruling

Global online retailer Amazon has been ordered to pay €250m (£221m) after the European Commission ruled a decision taken by the courts in Luxembourg amounted to illegal state aid

4 Oct 2017

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Tax Services

Latest news

Tax | HMRC issues guidance on VAT electronic payments

Tax | Transfer pricing: intellectual property and intercompany charges

Tax | European Commission gets go-ahead to improve tax dispute rules

Tax | Hyde: diverted profits tax and advance pricing arrangements

Tax | CJEU issues ruling on VAT status of Mercedes leasing agreement

Tax | Airbnb pays £190k corporation tax on £650m in UK sales

Tax | Over £400m of R&D tax credit claims in dispute

Tax | Termination payments – tax rule change from April 2018

Tax | IR35 changes increasing public sector costs

Tax | 63% of agents not confident explaining simple assessment to clients

Tax | Making Tax Digital for VAT: what we know so far

Tax | European Commission seeks major VAT reform to a single EU-wide system

Tax | Free software for Making Tax Digital not viable, says Xero

Tax | Newcastle United loses challenge over HMRC raids

Tax | Ireland referred to ECJ after failure to collect €13bn Apple tax

Tax | Amazon ordered to pay €250m in back taxes after EU ruling