A roundup of current consultations from HMRC, with a summary of the key Making Tax Digital documents, which are set to close for feedback on 7 November
The OECD tax team is calling on tax professionals and multinationals to participate in an online survey on tax certainty, responding to widespread concerns about the increasing complexity of tax rules and lack of stability for companies and multinationals over tax regulations
As an outcome of a consultation on employee share schemes, HMRC has decided to retain the facility to make National Insurance Contribution (NIC) elections in non-tax advantaged employee share schemes
Consultations on tax measures put in place by HMRC are a vital part of a coherent tax system, but too many are either truncated or unclear in their aim, finds Calum Fuller
A series of measures set to come into force from 2017 will affect the way organisations run company car schemes, possibly costing businesses up to an extra £1,000 per car per year. In the first of a two part series, Matthew Walters, head of consultancy services at LeasePlan, considers critical tax changes for company car schemes
Following on from the Budget announcement earlier this week, the Irish Revenue has launched a consultation on PAYE modernisation as part of what it is calling ‘the most significant reform of the administration of the PAYE system in over 50 years’
The government is to go ahead with plans for the introduction of a criminal offence for corporations and partnerships who fail to put in place reasonable procedures to prevent their staff from criminally facilitating tax evasion
HMRC’s internal issues with the tax treatment of partners could lead to an unwieldy tax framework for partnerships if the proposals in the latest consultation on the tax treatment of partners gets the go-ahead. Mark Cawthron, specialist tax writer at CCH, unpicks the proposals and considers the pros and cons from a partnership perspective
HMRC’s proposals to introduce fines for accountants and other tax specialists for ‘enabling’ tax avoidance under new rules could result in them being punished simply for giving their opinion on the legality of tax arrangements, City law firm RPC is warning
The all party Parliamentary group (APPG) on responsible tax has launched a consultation as part of its inquiry into public confidence in HMRC’s capability to collect tax fairly and effectively
Revised rules affecting the way corporate debt and derivative contracts are taxed have now been drafted and are out for a brief consultation, in a bid to avoid double taxation and curb potential abuse
Tax experts John Cullinane, Jonathan Riley and Tom Wesel are critical of proposals to fine advisers who overstep the line when providing advice on tax planning schemes, in light of the government's plans to introduce sanctions for tax advisers and the extended advisory supply chain to stamp out 'enablers' of aggressive tax avoidance schemes
A roundup of current consultations from HMRC, including the Making Tax Digital strategy bundle, benefits-in-kind for salary sacrifice, company car tax, reforms to non dom taxation, tackling offshore tax evasion
The ambitious and rushed HMRC Making Tax Digital plan calls for a complete IT overhaul for advisers and businesses when it comes to tax filings, quarterly reporting and inevitably a changed relationship with the tax authorities, reports Calum Fuller
In mid-August, HMRC released six consultations on Making Tax Digital (MTD), focusing on the self-employed, smallest micro and unincorporated businesses, buy-to-let landlords and partnerships, although there were gaps in the consultation splurge with no detail on quarterly reporting for incorporated businesses or detail for charities
The government has launched a four-week consultation on the long-delayed revaluation of business rates and details of transitional arrangements for businesses hit by substantial rises, which are likely to result in higher rates for one in four businesses