Tax Compliance

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Tax | Legal challenge to HMRC’s handling of leaked HSBC Swiss data

HMRC could face a legal challenge over its decision to offer UK taxpayers with undeclared HSBC Swiss bank accounts the chance to settle via the Liechtenstein Disclosure Facility (LDF), rather than prosecuting them for tax avoidance which would have seen many pay higher penalties as lobby group Avaaz hires legal representation

1 May 2015

Tax | Employment tax updates: May 2015

In this month's key employment tax updates, trivial benefits rule for PAYE excluded from Finance Bill 2015, dispensation on expenses deferred to 2016 and HMRC online checking service for share schemes now live, reports Lesley Fidler, associate director at Baker Tilly

1 May 2015

Tax | Tax filing deadlines: May-July 2015

The important HMRC filing deadlines for May to July 2015, including PAYE cheque payments, last date for employers to agree their PAYE settlement agreement for 2014/15 with HMRC and second self-assement payment on account for tax year 2014/15

1 May 2015

Tax | Tax data: May 2015

Download the latest CGT indexation allowance for January 2015, RPI Index for April 2014 and HMRC rates of interest, stamp duty land tax and land and buildings transaction tax rates, RPI index and more

1 May 2015

Tax | EC VAT committee to consider a common position on Skandia ruling

The European Commission VAT committee published documents from its 102nd and 103rd meetings which included a document dealing with Skandia America Corp (USA), filial Sverige v Skatteverket (Case C-7/13)

30 Apr 2015

Tax | UK–Netherlands bank taxes double taxation document published

HMRC has added the 2013 UK Netherlands double taxation convention - bank taxes document to its collection of treaty documents relating to the UK and Netherlands

30 Apr 2015

International Tax

Tax | Update on incorrect penalties on Trust and Estate 2014 returns

CIOT has obtained an update from HMRC about the incorrect penalties imposed on trust and estate 2014 returns

29 Apr 2015

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Tax | Scottish rate of income tax: compliance, pensions and PAYE issues

Countdown to the great tax divide has begun - employers must prepare for the effects of devolved powers north of the border as the Scottish rate of income tax (SRIT) draws nearer, says David Boyd CA, partner at Scott-Moncrieff

29 Apr 2015

Tax | ICAEW warning to agents on IT-related tax return fraud

ICAEW is warning accountants of the increased risk of IT-related fraud relating to repayment claims as new self assessment tax returns start to be issued, based on the experience of previous years

28 Apr 2015

Tax | HMRC expands beta testing for WorldPay payment service

HMRC has extended the scope of beta testing for a new payment service in partnership with Worldpay, to include credit card payments, COTAX and EPAYE.

28 Apr 2015

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Tax | CCH Finance Act 2015 Report - free download

Depending on the result of the general election and decisions taken by the government arising from that, the Finance Act 2015 may be the first of two, three, or possibly even more finance acts in 2015

28 Apr 2015

Law and Regulation

Image for comment why vat moss creating micro business headache

Tax | Comment: why VAT MOSS is creating micro business headache

The new pan-European digital VAT rules implemented in January 2015 have created a reporting headache for small and micro businesses, say Nick Hallam, CEO and Rob Janering, senior VAT consultant at Accordance

27 Apr 2015

Tax | Bytemark cloud hosting company awarded Fair Tax Mark

Bytemark Hosting is the first cloud hosting and internet company to be awarded the Fair Tax Mark, following full disclosure of its tax accounts and a commitment to full tax transparency

24 Apr 2015

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Tax | HMRC updates guidance on directors' loan accounts

HMRC has issued the revised guidance on the directors’ loan accounts toolkit for 2014-15 company tax returns, highlighting common errors and areas of risk including personal expenses and benefits, plus an updated checklist

24 Apr 2015

Tax | Tax take hits £513.6bn as corporation tax receipts rise

Total tax receipts for the latest tax year are mirroring the pattern set last year, with improvements in the tax take from national insurance contributions (NICs), income tax and VAT resulting in a 4.4% rise in tax revenue, according to the latest monthly HMRC analysis of tax receipts

23 Apr 2015

Tax | Changes to remittance basis charge for non doms unfair, says ICAEW

ICAEW is warning that proposals put forward by the last government for changes to the remittance basis charge (RBC) for non doms risk creating uncertainty and deterring foreign investment in the UK

22 Apr 2015

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