Tax Compliance

Latest news

Tax | MPs to grill ex-head of HMRC Dave Hartnett over HSBC Swiss scandal

Senior HSBC executives and HMRC officials, including former head of tax Dave Hartnett, are due back in front of the Public Accounts Committee (PAC) next week, as MPs take further evidence for their inquiry into tax avoidance and evasion.

4 Mar 2015

Tax | HMRC online survey to gauge tax agents’ views

HMRC has launched a short web-based survey on how it could improve its dealings and general communications with the tax agent community

3 Mar 2015

Tax

HMRC

Tax Compliance

Tax | Italy clamps down on use of offshore tax havens

In line with a general move to clamp down on offshore tax evasion and avoidance, the Italian government has closed a limited window under which countries considered as tax havens could sign information exchange agreements and secure reduced penalties in disclosing taxes

3 Mar 2015

Tax | OTS calls for simpler rules on employment status tax issues

The rules for employment status tax issues need to be overhauled, according to the latest report from the Office of Tax Simplification (OTS) which is calling for clearer guidance from HMRC when dealing with employment status tax compliance issues around defining whether people are self-employed, including greater manpower resources at the tax office and a dedicated telephone helpline

3 Mar 2015

Tax | Last chance for solicitors to settle unpaid tax bills dating back to 1993

HMRC has issued a final warning to solicitors that the three-month settlement window for legal profession is set to close in one week and is open to individuals who have potentially unpaid tax bills dating back to 1993

2 Mar 2015

Tax | Tax updates: March 2015

Our monthly roundup of key tax cases from Eclipse 35, FII group litigation to Prudential test claim, Chaudhary case on judicial review search warrants, disputes over Bill of Rights, HMRC's wrestle with identifying Scottish tax payers to comply with the new Scottish Rate of Income Tax and digital company car reporting

2 Mar 2015

Tax | Tax filing deadlines: March-July 2015

The key HMRC filing deadlines including PAYE cheque payments, IHT due on lifetime transfers and outstanding CGT for personal tax returns

2 Mar 2015

Tax

HMRC

Tax Compliance

Tax | Employment tax updates: March 2015

A roundup of the key PAYE and employment tax issues, including the digitised self-serve company car trial and benefits in kind, following follower notices and accelerated payments, and new anti-avoidance provisions to existing NICs legislation. Lesley Fidler, associate director and employment tax expert at Baker Tilly reports

2 Mar 2015

Tax

Employment Tax

Tax Compliance

Tax | Tax and PAYE issues as statutory shared parental leave approaches

HMRC has released updated tables for employers to calculate statutory paternity pay (SPP) for employees, now that both mothers and fathers with babies due on or after 5 April 2015 are able to share up to 50 weeks of parental leave

27 Feb 2015

Leadership & Management

Tax | Government closes plant and machine loophole with immediate effect

Plant and machinery allowances are the latest target in the government’s bid to clamp down on tax avoidance as it introduces new rules effective from 26 February 2015

27 Feb 2015

Tax | Three quarters of tax tribunal appeals fail, says Wolters Kluwer

Accountants whose clients disagree with a decision made by HMRC and want to appeal to an independent tax tribunal have a one in four chance of success, according to analysis by tax experts at Wolters Kluwer

26 Feb 2015

Tax | HMRC chief Homer under fire for handling of Swiss HSBC tax list

HMRC chiefs were under pressure to justify their handling of the HSBC tax avoidance debacle at a fiery hearing before the influential Treasury Select Committee where HMRC's Lin Homer was questioned on the tax authority’s handling of the leaked information, prosecutions, abuse of non-dom status and the relationship with French tax authorities, reports Sara White

26 Feb 2015

Tax

HMRC

Tax Compliance

Tax | FATCA registration guidance updated to publicise time lag

HMRC has updated its Foreign Account Tax Compliance Act (FATCA) registration guidance to inform of the time lag between registration and reporting

26 Feb 2015

Tax | MPs grill HSBC chief over non-dom tax arrangements through Panama entity

Using a Panamanian offshore structure to hide his earnings was totally above board, according to HSBC chief executive Stuart Gulliver, and was recommended by the banking giant’s private banking arm in Switzerland, who was defending his convoluted tax arrangements at a hearing before the Treasury Select Committee today

25 Feb 2015

Tax | MPs call HSBC CEO Stuart Gulliver to account

This afternoon’s session of the Treasury select committee has been extended to include an additional witness, HSBC chief executive Stuart Gulliver, to give evidence alongside senior HMRC executives over recent allegation about HSBC’s Swiss private bank

25 Feb 2015

Tax | Analysis: company restructures using capital reduction rules

It pays to structure corporate demergers under the relaxed capital reduction rules to take advantage of tax reliefs, says expert Peter Rayney, who unpacks the intricacies of the current tax rules

24 Feb 2015

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Tax Services

Latest news

Tax | MPs to grill ex-head of HMRC Dave Hartnett over HSBC Swiss scandal

Tax | HMRC online survey to gauge tax agents’ views

Tax | Italy clamps down on use of offshore tax havens

Tax | OTS calls for simpler rules on employment status tax issues

Tax | Last chance for solicitors to settle unpaid tax bills dating back to 1993

Tax | Tax updates: March 2015

Tax | Tax filing deadlines: March-July 2015

Tax | Employment tax updates: March 2015

Tax | Tax and PAYE issues as statutory shared parental leave approaches

Tax | Government closes plant and machine loophole with immediate effect

Tax | Three quarters of tax tribunal appeals fail, says Wolters Kluwer

Tax | HMRC chief Homer under fire for handling of Swiss HSBC tax list

Tax | FATCA registration guidance updated to publicise time lag

Tax | MPs grill HSBC chief over non-dom tax arrangements through Panama entity

Tax | MPs call HSBC CEO Stuart Gulliver to account

Tax | Analysis: company restructures using capital reduction rules