Tax Compliance

Latest news

Tax | HSBC attacked over tax avoidance via Swiss accounts

HSBC has come under fire for helping thousands of wealthy UK individuals to avoid paying tax by concealing assets in bank accounts held by its Swiss private banking subsidiary, while HMRC has also drawn criticism for its failure to mount more prosecutions of those involved

9 Feb 2015

Tax | HMRC tax summaries now available online for 2014/15 SA returns

More than 8m taxpayers who filed their 2013 to 2014 tax return electronically by the 31 January deadline can now access their online tax summary, says HMRC

9 Feb 2015

Tax | HMRC updates Swiss offshore disclosure guidance

HMRC has updated the guidance on disclosure of Swiss bank accounts and other offshore investments to include a Swiss standard disclosure pack

9 Feb 2015

International Tax

Tax | HMRC maps tax cheats from Aberdeen to Truro

HMRC has released an interactive map highlighting the top tax fraud hotspots across the UK in a bid to highlight the most effective campaigns and illustrate where in the country evasion is at its worst, using the original investigation names

6 Feb 2015

Tax | Tax and NICs position for internationally mobile employees to be aligned

HMRC has published the responses to its consultation on the liability for earnings-related national insurance contributions (NICs) from employment related securities (ERS) income earned by internationally mobile employees (IMEs)

6 Feb 2015

Tax | NAO slates poor customer service at HMRC

HMRC still has much more to do improve its performance in dealing with its customers according to an assessment by the National Audit Office (NAO) of the department’s progress over the last five years in making tax collection more effective

6 Feb 2015

Tax | Google tax could hit UK's competitiveness, warns Law Society

The Law Society has warned that HMRC plans for a new Diverted Profits Tax (DPT), the so-called Google tax, could go beyond its intended targets and affect the UK's global competitiveness

5 Feb 2015

International Tax

Image for heaton paye pitfalls bear scotland holiday pay case

Tax | Heaton: PAYE pitfalls in Bear Scotland holiday pay case

The employment appeal tribunal in the Bear Scotland case forced employers to pay overtime payments during annual leave, but beware the PAYE pitfalls, warns David Heaton

5 Feb 2015

Image for ecj rules favour uk over cross border group relief using ms basis

Tax | ECJ rules in favour of UK over cross-border group relief using M&S basis

The European Court of Justice (ECJ) has rejected a challenge by the European Commission that UK legislation on the tax relief available for losses incurred by foreign-based subsidiaries of UK companies unfairly limited the possibility of claiming cross-border group relief

3 Feb 2015

International Tax

Image for 890000 taxpayers face C2 A3100 late filing sa fine

Tax | 890,000 taxpayers face £100 late filing SA fine

Nearly one million people could face a £100 fine for failing to file their online tax returns on time now the January deadline for self assessment returns has passed

3 Feb 2015

Image for transition tax obama E2 80 99s attack offshore cash

Tax | Transition tax: Obama’s attack on offshore cash

A review of the US corporate tax system would make more sense than a unilateral attack on the offshore profits of multinationals, argues Tim Wach, global managing director of Taxand

3 Feb 2015

International Tax

| HMRC offers international tax training programme

HMRC is running an advanced tax training course, particularly targeted at tax authorities in Commonwealth countries, to raise standards of tax collection and compliance

3 Feb 2015

Leadership & Management

Tax | Self Assessment tax returns hit record high as deadline passes

A record number of taxpayers completed their Self Assessment forms by the deadline this year as 10.24m tax returns were submitted by midnight on 31 January, of which only 1.41m were paper returns

2 Feb 2015

Tax | HMRC reviews penalties to reflect move to online services

HMRC has published a consultation document outlining a number of improvements to the way the tax authorities apply penalties for failure to pay or meet deadlines for returns or registration in light of the continuing move towards digital tax returns.

2 Feb 2015

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Tax | Tax updates: February 2015

Our monthly roundup of significant tax cases from Donaldson losing the argument at Upper Tribunal over late filing penalties, qualifying trading company test not satisfied in Branagan, LZW fined over SDLT avoidance scheme, devolving tax powers to Northern Ireland and structural weaknesses at Office for Tax Simplification hamper progress on tax reform

2 Feb 2015

Tax | IoD calls for radical overhaul of tax system

Ahead of the general election, the Institute of Directors (IoD) is calling on the next government to merge or scrap taxes which raise under £5bn a year as part of a radical reform of the tax system

2 Feb 2015

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