Tax Compliance

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Tax | AS 2014: 40% tax threshold rises to £42,385

In his Autumn Statement the Chancellor announced that the higher rate threshold will increase by inflation in 2015-16 for the first time in five years, alongside a £100 rise in the personal allowance

3 Dec 2014

Tax | AS 2014: overhaul of stamp duty sees end of £250k hike

The Chancellor launched a salvo against Labour’s mansion tax plans in the Autumn Statement with the announcement that he planned a major overhaul of stamp duty on property purchases, introducing a progressive tax regime to replace the current punitive Stamp Duty Land Tax (SDLT) thresholds

3 Dec 2014

Tax | Tax updates: December 2014

In our monthly round-up of case reports and tax changes, ICAEW chief lambasts 17,000 page tax code, complexity will shape further Scottish tax devolution, Dock and Let case clarifies deadline for issuing notice of HMRC enquiry and entrepreneurs' relief allowed on disposal of shares in Hirst case

1 Dec 2014

Tax | VAT updates: December 2014

Graham Elliott, VAT expert at Withers Worldwide, assesses the most important VAT rulings including decisions over bay windows and zero rating in Boxmoor Construction, the Upper Tribunal decision in Roy Shields case, the imminent arrival of EU MOSS reporting requirements and insurance intermediaries in Westinsure

1 Dec 2014

Tax | Employment tax updates: December 2014

In our monthly round-up, employment tax expert David Heaton reviews plans for the PAYE coding cap for 2015/16, auto enrolment penalties, online filing checking service for share schemes, teething problems with SCON reporting and plans to drop business entity tests (BET) for IR35

1 Dec 2014

Tax | Tax filing deadlines: Dec 2014-Feb 2015

The key tax filing deadlines for the next quarter from corporation tax returns to PAYE cheque payments

1 Dec 2014

Tax

HMRC

Tax Compliance

Tax | HMRC guidance moves to gov.uk website by end 2014

All HMRC online guidance for agents will move to the gov.uk website by the end of the year as the current stand-alone HMRC site is phased out

28 Nov 2014

Tax

HMRC

Tax Compliance

Image for roy chowdhury scottish tax devolution should not be rushed

Tax | Roy-Chowdhury: Scottish tax devolution should not be rushed

Plans to devolve income tax raising powers to Scotland need to be carefully considered and introduced in a timely manner to avoid mistakes in the rush to implement the changes by 2016, warns Chas Roy-Chowdhury, head of taxation at ACCA

27 Nov 2014

Tax | Five HMRC powers of entry into premises to be replaced or amended

HMRC has confirmed that it will have to amend or replace five powers of entry into premises following a report into the reach of the tax authority, particularly in customs and excise related cases

27 Nov 2014

Tax

HMRC

Tax Compliance

Scottish football club Livingston, currently bottom of the Championship table, has had five points deducted and a £10,000 fine for failure to pay tax on player bonuses during the 2010/11 season

26 Nov 2014

Tax

Employment Tax

Tax Compliance

Image for uk E2 80 99s biggest businesses pay C2 A380bn tax ct take falls

Tax | UK’s biggest businesses pay £80bn in tax as CT take falls

The UK’s largest companies paid their biggest ever share of the total tax collected in 2014 with a £80bn contribution, the largest in the past ten years, according to analysis of the tax paid by the 100 Group, representing some of the country's largest listed businesses

26 Nov 2014