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Tax | Budget 2018: reform to treatment of intangible assets

Following a consultation carried out earlier this year, the government announced in the Budget that it intends to reform the corporate intangibles regime, including taxing property realised in low-tax regimes

30 Oct 2018

Tax | Budget 2018: extension of offshore time limits

The Chancellor has confirmed that the extension of offshore time limits as announced at Autumn Budget 2017 will form part of the legislation in Finance Bill 2018-19, with the new limit to be set to 12 years from next April

30 Oct 2018

Tax | Budget 2018: consultations on trusts and R&D tax relief in pipeline

The government is to carry out a number of consultations into current tax and accounting policy, including R&D reliefs and the implementation of IFRS 17 Insurance Contracts, and has yet to determine a direction for the long-standing issue of taxation of trusts

30 Oct 2018

Tax | Budget 2018: an end to PFI contracts

The Chancellor announced that Private Finance Initiative (PFI) and PF2 projects would no longer be used by the Conservative government

29 Oct 2018

Tax | Budget 2018: HMRC returns to preferred creditor list

From April 2020, HMRC will have greater priority to recover taxes paid by employees and customers in the event of an insolvency, a move aimed at ensuring ‘that an extra £185m in taxes already paid each year reaches the government’

29 Oct 2018

Tax | Budget 2018: measures tackling £2.1bn of tax avoidance

The Budget included the Chancellor’s announcements of a further clamp down on tax avoidance, evasion and unfair outcomes, which is designed to raise £2.1bn by 2023/24

29 Oct 2018

Tax | Budget 2018 Insight Report - FREE download

Written by our expert team of tax authors, the Croner-i 2018 Budget Insight Report delivers expert opinion and commentary on the latest major tax changes is now available

29 Oct 2018

Tax | HMRC leads campaign to halt property money laundering

HMRC has initiated a government campaign, in partnership with property industry experts, which is targeting estate agents who fail to report suspicions of dirty money used to buy properties

26 Oct 2018

Tax | HMRC wins £79m tax avoidance case

The Court of Appeal has found in favour of HMRC in a long running £79m tax avoidance case involving Teesside Power Ltd (TPL) which sought to use a scheme devised by EY to avoid corporation tax liabilities

24 Oct 2018

Tax | NAO identifies compliance risk in post-Brexit border planning

The National Audit Office (NAO) is warning that ongoing political uncertainty around Brexit and delays in negotiations has hampered planning for how the UK will manage its borders once it leaves the EU

24 Oct 2018

Tax | MP refuses to appear before Lords committee

MP Mel Stride, financial secretary to the Treasury, is under pressure to appear before a Lords committee after the publishing of a letter criticising his refusal to appear and answer questions about HMRC’s use of its powers

24 Oct 2018

Tax | Croner-i launches interactive Navigate Tax tool

Croner-i has launched Navigate Tax, a brand new interactive online system packed with practical modules for busy tax practitioners

24 Oct 2018

Tax | HMRC policy on loan charge for disguised remuneration schemes published

HMRC has published information on the loan charge which will apply to disguised remuneration loans that are outstanding on 5 April 2019, and which is expected to protect £3.2bn in tax by tackling avoidance schemes

24 Oct 2018

Tax | Conversation about tax devolution ‘cannot be held in a vacuum’

The 13th CIOT/IFS debate saw experts discuss the merits and pitfalls of the devolution of tax to local authorities in the UK, looking at both the evidence collected from existing examples and public perception of the issues at stake

23 Oct 2018

Tax | HMRC consults on draft legislation for devolved Welsh income tax

HMRC has produced a technical note setting out the government's position on the Welsh rates of income tax, which will be implemented in April 2019, and begun a consultation on the legislative changes required

23 Oct 2018

Tax | Lords to grill HMRC over Making Tax Digital progress

Senior executives from HMRC and the Treasury will give evidence on the balance of power between HMRC and the taxpayer and progress on the rollout of Making Tax Digital (MTD) for VAT to a House of Lords select committee this afternoon

22 Oct 2018