Tax | NIC abolition will be ‘work of many parliaments’

Plans to abolish national insurance came under scrutiny when Chancellor Jeremy Hunt faced MPs on the Treasury Committee yesterday about the ‘double taxation on work’

14 Mar 2024

Tax

Personal Tax

HMRC

Consultations

Budget

Politics

Tax | Regulation of rogue tax advisers ‘not a silver bullet’

Government plans to regulate 'incompetent' tax advisers need to be ‘proportionate and affordable’, without unintended consequences, say accountancy bodies

11 Mar 2024

Tax

HMRC

Consultations

Budget

Tax | Budget 2024: tax crackdown on crypto investors

HMRC is consulting on the implementation of global transparency rules which mean crypto platforms will have to share client data with HMRC

8 Mar 2024

Tax

Consultations

Budget

Tax | Budget 2024: plan to regulate ‘incompetent’ tax advisers

The government is planning to crack down on rogue tax agents with plans to strengthen the regulatory framework and even create an independent regulator

7 Mar 2024

Tax

HMRC

Consultations

Budget

Tax | HMRC reviews hugely complex enquiry powers

HMRC has launched a review of its enquiry powers to address extreme levels of complexity and hints at suspending time limits and overhauling the penalty regime

26 Feb 2024

Tax

HMRC

Consultations

Tax | Draft rules on IR35 PAYE liabilities out for review

HMRC is calling for feedback on draft legislation for a new mechanism to calculate PAYE liabilities in cases of non compliance with IR35 rules

26 Jan 2024

Tax

Consultations

Tax | Tax treatment of Islamic finance arrangements under review

The government is consulting on proposals to reform the tax treatment of alternative refinancing arrangements using Islamic finance, particularly capital gains tax

18 Jan 2024

Tax

Consultations

Tax | Plan to shed light on land ownership trusts

In a departure from policy, the government is consulting on ways to improve the transparency of land ownership to identify the details of people who are behind the trusts 

4 Jan 2024

Tax

Consultations

Tax | Autumn Statement 2023: tax breaks for special effects work planned

The government is considering an increase in the level of audio-visual expenditure credit for visual effects spending from April 2025

23 Nov 2023

Tax

Consultations

Tax | HMRC set to simplify salary advance reporting

HMRC has launched a consultation on new rules to allow employers to report salary advances along with regular salary payments to remove requirement to effectively double report

25 Sep 2023

Tax

Employment Tax

Consultations

Tax | Plan to transfer umbrella tax debt to hirers ‘grossly unfair’

The REC is calling on the government to focus on regulating umbrella companies and scrap unfair proposals to pass umbrella tax debt to employment businesses

18 Sep 2023

Tax

Business Tax

Consultations

Tax | What does the future hold for R&D tax relief?

Plans for an overhaul of research and development tax reliefs need to be finetuned to ensure a merged system is effective, warns Nigel Holmes, director, research and development, Ryan

31 Aug 2023

Tax

Business Tax

Consultations

Tax | Treasury reviews oil and gas tax regime

The Treasury is consulting on possible simplifications of the oil and gas tax regime but has ruled out removing the temporary energy profits levy

2 Aug 2023

Tax

Consultations

Tax | Tax breaks for occupational health up for review

The Treasury is considering tax breaks for provision of occupational health services as it grapples with the large number of workers signed off on long-term sick

21 Jul 2023

Tax

Consultations

Tax | Employee ownership trust tax rules under review

The government is planning to overhaul the tax rules on employee ownership trusts to make it harder to use the schemes to avoid tax

20 Jul 2023

Tax

Business Tax

Personal Tax

Consultations