Tax Compliance

Latest news

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Tax | HMRC fails to answer 30% of helpline callers

As HMRC gears up for its busiest busy period for enquiries in the run-up to the tax return deadline, an undercover test has found HMRC’s tax helplines are still performing poorly, with nearly a third of calls cut off because the system was too busy, and long waits for those who do get through

15 Dec 2014

Tax | HMRC collects £32m upfront payments from tax scheme users

HMRC says it has pulled in £32m as a result of sending out its first tranche of Accelerated Payment notices to users of marketed tax avoidance schemes, who are now required to pay any disputed tax upfront

15 Dec 2014

Tax | Call for comment on new construction industry scheme rules

HMRC has published draft secondary legislation on the construction industry scheme (CIS) to improve the operation of the scheme, for comment by 7 January 2015

11 Dec 2014

Tax | All Big Four implicated in Lux Leaks row

Deloitte, EY and KPMG have been dragged into the controversy surrounding the use by multinationals of subsidiaries in Luxembourg as a way of minimising corporation tax bills, following the release of further details from the so-called ‘Lux Leaks’ documents

11 Dec 2014

International Tax

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Tax | MOSS rules force all companies to register for VAT

All businesss from the smallest micro business will have to register for VAT regardless of whether they meet the VAT threshold as a result of new EU digital VAT rules which come into force on 1 January 2015

11 Dec 2014

Tax | Scottish tax changes to stamp duty may not be ready in time

The Scottish government faces potential chaos next April when its first two devolved taxes come into force, as delays in hiring staff and procuring IT systems will make it difficult to manage the new tax powers effectively according to a report from Audit Scotland

11 Dec 2014

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Tax | Called to account: December 2014

Former X-Factor accountant jailed for £220k fraud, doctor prescribed jail for tax fraud, 21-month sentence for tax evader over £500k HMRC debt and lap dancing club accounts reveal no figures

11 Dec 2014

Called to Account

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Tax | McCann: non-dom charges signal tipping point

The continual erosion of the tax situation for non-doms with the introduction of the 17-year rule which could force many to review their domicile arrangements, warns Ray McCann, partner (non-lawyer) at Pinsent Masons

9 Dec 2014

Image for pac grills pwc role industrial scale tax avoidance

Tax | PAC grills PwC on role in 'industrial scale' tax avoidance

PwC was accused of ‘selling tax avoidance schemes on an industrial scale’ at a meeting of the Public Accounts Committee (PAC) convened to examine the so-called ‘Lux leaks’ as part of a follow-up on its inquiry last year into large accountancy firms and tax avoidance

9 Dec 2014

International Tax

Tax | PwC, Shire Pharma heads of tax in front of PAC

PwC’s head of tax, Kevin Nicholson, is due in front of the Public Accounts Committee (PAC) this afternoon, to answer further questions from MPs who are looking at issues around tax avoidance

8 Dec 2014

International Tax

Tax | HMRC 0845 numbers are being withdrawn

All HMRC 0845 helpline telephone numbers will be taken out of service by 11 December 2014 and replaced with 03 prefix numbers

5 Dec 2014

Tax | AS 2014: changes to oil and gas fiscal regime

The Treasury has given more details of changes to the oil and gas fiscal regime first outlined in the Autumn Statement, which include introducing a single basin-wide ‘investment allowance’ designed to reduce the effective tax rate for companies investing in the future of the UK Continental Shelf and simplify the tax regime

5 Dec 2014

Tax | AS 2014: limitations in R&D and entrepreneurs relief

There have been criticisms of the Chancellor’s announcement in the Autumn Statement of restrictions on the tax reliefs on the incorporation of a business and on R&D expenditure, despite a pledge to do more for small and medium sized businesses

4 Dec 2014

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Tax | Smith warning on potential abuse of Scottish tax powers

Lord Smith, chair of the commission which drew up devolved powers for Scotland, has said that future Scottish governments will need to use devolved tax powers ‘very carefully’ and warned that some MSPs need to understand that ‘with power comes responsibility’ now they have ‘one of the most devolved tax systems in the world'

3 Dec 2014

Tax | AS 2014: VAT refunds for hospices lack detail

The Chancellor’s announcement in the Autumn Statement of government plans to offer VAT refunds for search and rescue, and air ambulance organisations across the whole UK as well as hospice charities have come under fire for lack of detail of how such a scheme would operate

3 Dec 2014

Tax | AS 2014: Creative tax reliefs to cover children’s TV

Following on from the success of the film, high end TV, animation, video games and theatre tax reliefs, a new children’s TV tax relief will be introduced from April 2015

3 Dec 2014

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