Tax Compliance

Latest news

Tax | Hurst sets up tax compliance division

North west-based accountants, Hurst has created a tax compliance division to help companies, headed by a former tax inspector, amid a crackdown by HMRC on tax matters and the move to Making Tax Digital

14 Aug 2017

Tax | Demand for reform as Amazon’s corporation tax bill halves

The Booksellers Association has called for the UK’s tax system to be reformed after online retail giant, Amazon, revealed its corporation tax bill halved last year despite its sales passing the £1bn mark for the first time

14 Aug 2017

Tax | Reporting requirements for employment intermediaries

Sarah Bradford ACA CTA director of Write Tax Ltd, assesses the various reporting requirements for employment intermediaries delving into the implications of agency rules alongside IR35 and managed service company rules

14 Aug 2017

Tax | HMRC loses first senior accounting officer appeal

HMRC has lost the first appeal to be heard at tribunal in relation to the senior accounting officer (SAO) regime, with the First Tier Tribunal (FTT) cancelling two penalties against a finance director on the basis that he had taken reasonable steps to ensure the company established and maintained appropriate tax accounting arrangements, as required

11 Aug 2017

Tax | Hike in HMRC’s dawn raids to counter tax evasion

Dawn raids by HMRC on businesses and individuals are up by a third and are likely to remain high following the entry into force of new corporate criminal tax offences, according to analysis by Pinsent Masons

10 Aug 2017

Tax | HMRC to withdraw paper copies of SA302 for mortgage applications

HMRC is to stop issuing paper copies of clients’ tax calculations and tax year overviews for mortgage applications for self employed people using tax agents, insisting that it has come to an agreement with the Council of Mortgage Lenders about accepting online print outs

9 Aug 2017

Tax | Implications of country-by-country reporting

Th European parliament has approved proposals for country-by-country reporting (CbCR) to be made publicly accessible but businesses are concerned that information disclosed could be misinterpreted. Tax experts at Global Tax Weekly assess the implications of the new rules

9 Aug 2017

Tax | Inheritance tax: residence nil rate band (RNRB) explained

The residence nil rate band (RNRB) is important to consider when estate planning and protecting property for direct descendants but there are some tricky tax considerations. Nimesh Shah, partner at Blick Rothenberg, explains how it works and potential pitfalls

8 Aug 2017

Tax | Overseas businesses face eBay VAT charge changes

This month sees e-commerce giant eBay start charging 20% VAT on its fees to tens of thousands of businesses trading in the UK, in line with HMRC’s tougher stance against online traders who fail to register for VAT returns

7 Aug 2017

Tax | Holiday lets taxation centre stage at Edinburgh Festival

As the Edinburgh Festival gets underway, the Scottish Green party is claiming £10.6m of tax receipts are being lost because of the way the property taxation regime operates in relation to the growing number of homes locally let out as holiday accommodation via online booking sites

7 Aug 2017

Tax | Charity donations and income tax relief: how to claim

Making a donation to charity is one way to minimise tax bills. Stephen Relf CTA ACA, tax writer at Wolters Kluwer, sets out the income tax reliefs available for higher rate and additional rate taxpayers making Gift Aid donations, highlighting tax breaks and relevant advice to make the most of tax-free charitable donations

7 Aug 2017

Tax | Gold bullion remuneration schemes ‘abnormal’, says GAAR Advisory Panel

Arrangements where workers are paid using gold bullion have been described as ‘abnormal’ by the GAAR Advisory Panel in its first publication since its formation in 2013

4 Aug 2017

Tax | Rangers loses EBT final: tax decision of the decade

In a groundbreaking decision, the Supreme Court ruling in the long-running Murray Group holdings case - the Rangers case - about the validity of the use of employment benefit trusts (EBT) to pay footballers has hit the wall as the judges rule that they are unacceptable. Peter Rayney FCA, CTA examines the decision and the consequences

3 Aug 2017

Tax | Limitations to BEPS when tackling corporate tax evasion

Although the OECD’s base erosion and profit shifting (BEPS) project is viewed by many as the best tool to tackle corporate tax evasion, global tax experts say it comes with limitations with regards to tax avoidance in developing countries and it could even encourage competition on tax rates

2 Aug 2017

Tax | OECD releases BEPS report on neutralising branch mismatch arrangements

The OECD has released an update to its work on action two of the base erosion and profit shifting (BEPS) project, designed to address the effects of branch mismatch arrangements, which had previously been overlooked

1 Aug 2017

Tax | Evans: new territory for US taxes

A territorial tax system is essential, but perceptions US businesses horde cash offshore in order to avoid tax is unfair, says Linda Evans, global tax policy director at IBM

31 Jul 2017

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Tax Services

Latest news

Tax | Hurst sets up tax compliance division

Tax | Demand for reform as Amazon’s corporation tax bill halves

Tax | Reporting requirements for employment intermediaries

Tax | HMRC loses first senior accounting officer appeal

Tax | Hike in HMRC’s dawn raids to counter tax evasion

Tax | HMRC to withdraw paper copies of SA302 for mortgage applications

Tax | Implications of country-by-country reporting

Tax | Inheritance tax: residence nil rate band (RNRB) explained

Tax | Overseas businesses face eBay VAT charge changes

Tax | Holiday lets taxation centre stage at Edinburgh Festival

Tax | Charity donations and income tax relief: how to claim

Tax | Gold bullion remuneration schemes ‘abnormal’, says GAAR Advisory Panel

Tax | Rangers loses EBT final: tax decision of the decade

Tax | Limitations to BEPS when tackling corporate tax evasion

Tax | OECD releases BEPS report on neutralising branch mismatch arrangements

Tax | Evans: new territory for US taxes