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Tax | Budget 2017: online VAT fraud clampdown extends liability

The government is to extend HMRC’s powers to combat online VAT fraud, with new legislation to be effective from April 2018, the Chancellor announced in the Budget

22 Nov 2017

Tax | Budget 2017: CGT carried interest rules tightened

The Budget includes a measure to remove certain transitional rules that are no longer required for the effective taxation of amounts of carried interest that are charged to capital gains tax (CGT) under the carried interest rules which took effect from 8 July 2015

22 Nov 2017

Tax | Dencher on VAT: is a lean-to an annex or extension?

In Litton & Thorner’s Community Hall [2017] TC 06101, the First Tier Tribunal (FTT) allowed the appeal against HMRC’s decision that zero-rating did not apply to the construction of a lean-to, which amounted to an annex to the original building. Stanley Dencher FCA CTA (Fellow) AIIT considers the ruling

20 Nov 2017

Tax | US tax reform passes through House in milestone vote

The US House of Representatives has passed a bill opening the way to a major reform to the US tax code, including slashing the corporate tax rate, in a milestone vote which means the focus for President Donald Trump’s promised tax overhaul now moves to the Senate

17 Nov 2017

Tax | Requirement to Correct tax due on offshore assets

HMRC has issued guidance on how to comply with new Requirement to Correct rules designed to clamp down on individuals with undeclared offshore assets and highlighting the penalties for non-compliance

17 Nov 2017

Tax | Kavanagh: De Silva case brings clarity over schemes involving partnerships

The Supreme Court’s verdict in the De Silva tax dispute could have far-reaching consequences for tax schemes involving partnerships says UK Tax Consulting director John Kavanagh

16 Nov 2017

Tax | Supreme Court rules on validity of claim in De Silva case

HMRC should be relieved with the Supreme Court’s decision in the De Silva case as if the outcome had been different the tax authority may have had to repay the many accelerated payments already collected, says Michael Avient, consultant at JS&Co

16 Nov 2017

Tax | HMRC wins landmark De Silva film scheme case in Supreme Court

A £50m tax avoidance scheme which used reliefs put in place to encourage film productions has been defeated in the Supreme Court

16 Nov 2017

Tax | The practicality of publishing tax strategies for multinationals

As rules stating large companies must disclose their tax strategies commence, Calum Fuller speaks to companies including SSE and Informa about how they are interpreting the requirements

15 Nov 2017

Tax | EU seeks quick agreement on tax avoidance curbs after Paradise Papers

Rules requiring tax advisers to report tax planning arrangements should be agreed and a blacklist of tax havens drawn up after the revelations contained in the Paradise Papers, according to the European Commission’s tax commissioner

14 Nov 2017

Tax | Corporation tax loss relief rules: what you need to know

Lindsay Buckenham, tax director and Ben Moseley, partner at Deloitte, seek to demystify the biggest change to the UK’s corporation tax loss relief rules in a generation

14 Nov 2017

Tax | Film scheme investors fail in £1.3m Vanguard share loss relief claim

Two investors in a film production company have lost their claims for some £1.3m of share loss relief after lengthy analysis at a First Tier Tribunal (FTT), in a further success for HMRC against tax avoidance schemes where there is no clear evidence of a trade being carried out

8 Nov 2017

Tax | Settlement guidance for disguised remuneration schemes

HMRC has published guidance on recognising disguised remuneration tax avoidance schemes and explaining how individuals can settle their tax affairs with HMRC, ahead of the introduction of a new loan charge

8 Nov 2017

Tax | OECD updates transfer pricing country profiles

The OECD has published updated versions of transfer pricing country profiles (TPCP), reflecting the current transfer pricing legislation and tax practices in 31 countries

7 Nov 2017

Tax | Corporate loss relief reforms: tax overhaul for business

Paul Davies ACA, tax writer at CCH, looks at changes to corporate loss-buying rules in light of the corporate loss relief reforms and a raft of complex tax avoidance measures supporting the revised approach, effective retrospectively from 1 April 2017

2 Nov 2017

Tax | FTSE companies slow to disclose tax strategies

UK listed companies are being slow to disclose their tax strategies despite government legislation requiring them to do so, according to research conducted by the Fair Tax Mark and the Local Authority Pension Fund Forum (LAPFF).

27 Oct 2017

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Latest news

Tax | Budget 2017: online VAT fraud clampdown extends liability

Tax | Budget 2017: CGT carried interest rules tightened

Tax | Dencher on VAT: is a lean-to an annex or extension?

Tax | US tax reform passes through House in milestone vote

Tax | Requirement to Correct tax due on offshore assets

Tax | Kavanagh: De Silva case brings clarity over schemes involving partnerships

Tax | Supreme Court rules on validity of claim in De Silva case

Tax | HMRC wins landmark De Silva film scheme case in Supreme Court

Tax | The practicality of publishing tax strategies for multinationals

Tax | EU seeks quick agreement on tax avoidance curbs after Paradise Papers

Tax | Corporation tax loss relief rules: what you need to know

Tax | Film scheme investors fail in £1.3m Vanguard share loss relief claim

Tax | Settlement guidance for disguised remuneration schemes

Tax | OECD updates transfer pricing country profiles

Tax | Corporate loss relief reforms: tax overhaul for business

Tax | FTSE companies slow to disclose tax strategies