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Tax | HMRC will name promoters of tax avoidance

HMRC has been given new powers to clamp down on promoters of tax avoidance and publish details of individuals and firms involved with questionable tax schemes

3 Mar 2022

Tax | Finance Bill 2021-22 sets out Budget tax measures

The Finance Bill 2021-22 has been published, legislating for tax changes announced by the Chancellor at last week’s Budget

4 Nov 2021

Tax | Financial institution notices extend HMRC powers

Under new rules introduced in the Finance Act 2021, HMRC has been given extra powers to issue financial institution notices to access information about taxpayers’ bank accounts to drum out possible tax evasion. Rachel Clark, barrister at Bright Line Law, examines the powers

12 Aug 2021

Tax | Sign up for Accountancy Daily webinar on the Finance Act

Accountancy Daily is launching a series of monthly webinars for accountants and tax advisers kicking off with our first event on Tuesday 20 July

19 Jul 2021

Tax | Directors cannot use trusts as loan pots, says GAAR panel

The General Anti Abuse Rule (GAAR) advisory panel has issued a ruling setting out its views on abuse of employee reward arrangements through trusts where loans are used to avoid income tax

15 Jul 2021

Tax | Cairn seizes Indian properties in Paris over tax dispute

FTSE 250 listed Cairn Energy plc has secured a French court order to seize some 20 Indian government properties in Paris to recover part of a $1.72bn (£1.2bn) arbitration award over a long disputed tax bill

9 Jul 2021

Tax | Finance Act 2021 given royal assent

The Finance Act 2021 has been given royal assent and brings in measures first announced in Budget 2021 including the three-year loss carry back and 130% super deduction tax relief

16 Jun 2021

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Tax | Finance Bill 2021 published

The government has published details of Finance Bill 2021 setting out the key measures to be brought into legislation including the super-deduction capital allowance

12 Mar 2021

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Tax | Tax and benefits in kind after leaving employment

Martin Jackson ATT, tax writer at Croner-i looks at the provision of benefits in kind after an employee has left employment, particularly as part of a termination employment

10 Feb 2021

Tax | MPs slam HMRC’s out of date tech

MPs have criticised HMRC’s response to the Covid-19 crisis, claiming some groups of taxpayers have been unfairly excluded from support packages, while the department’s strategy for property and IT systems has been shown to be wanting

20 Jan 2021

Tax | Cairn Energy in $1.2bn Indian tax win

FTSE 250 oil and gas explorer Cairn Energy has won a long running corporate tax dispute with the Indian government, which has been ordered to pay the company damages of $1.2bn plus interest and costs

23 Dec 2020

Tax | Proposals to widen HMRC’s information gathering powers ‘flawed’

Plans to increase HMRC’s civil information powers have been sharply criticised as ‘flawed’ in a House of Lords report, which also calls for tougher action on a ‘hardcore’ of tax avoidance promotors

21 Dec 2020

Tax | Tax updates 2020 part 2: business

In a round-up of the major business tax stories of the year, we look at non-coronavirus tax news, including SME R&D tax relief cap, IR35 reporting delay, Making Tax Digital (MTD) timetable for corporation tax, carbon emissions review and digital services tax

16 Dec 2020

Tax | Tax updates 2020 part 1: personal

In a round-up of the biggest personal tax stories of the year, we look at all the non-coronavirus news, including a potential wealth tax, CGT charges on second home sales, ‘deliberate’ errors, fall in IHT receipts, buy-to-let tax hikes and pension tax relief admin discrepancy

15 Dec 2020

Tax | VAT updates: November 2020

In this month’s round up of VAT cases, Graham Elliott considers genuine suppliers, MOSS submission failures, local authority sport centre supplies and charity building relief

1 Dec 2020

Tax | US reworks ‘gig economy’ payments

US tech companies such as Uber are to pilot a scheme to offer to pay some of their gig workers part of their wages in equity, rather than cash, in a move which the Securities and Exchange Commission (SEC) said mirrored changes in the modern workplace

27 Nov 2020

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Latest news

Tax | HMRC will name promoters of tax avoidance

Tax | Finance Bill 2021-22 sets out Budget tax measures

Tax | Financial institution notices extend HMRC powers

Tax | Sign up for Accountancy Daily webinar on the Finance Act

Tax | Directors cannot use trusts as loan pots, says GAAR panel

Tax | Cairn seizes Indian properties in Paris over tax dispute

Tax | Finance Act 2021 given royal assent

Tax | Finance Bill 2021 published

Tax | Tax and benefits in kind after leaving employment

Tax | MPs slam HMRC’s out of date tech

Tax | Cairn Energy in $1.2bn Indian tax win

Tax | Proposals to widen HMRC’s information gathering powers ‘flawed’

Tax | Tax updates 2020 part 2: business

Tax | Tax updates 2020 part 1: personal

Tax | VAT updates: November 2020

Tax | US reworks ‘gig economy’ payments