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Tax | Lords committee told 'less than 15%' of businesses prepared for MTD

A Lords sub-committee has taken evidence from experts on the digitisation of VAT returns by businesses with turnover above £85,000, which is due to begin in April 2019, and information provided by HMRC on the preparations they need to make

16 Oct 2018

Tax | Brexit: tax implications for EU employees living and working in the UK

Jackie Hendley, head of tax at accounting firm Smith Cooper, explores the potential UK tax issues of Brexit, in particular what a No Deal Brexit might mean for EU employees living and working in the UK in terms of PAYE, NICs and short-term business visitors

4 Oct 2018

Leadership & Management

Image for hammond willing go it alone uk digital services tax

Tax | Hammond willing to ‘go it alone’ with UK digital services tax

Chancellor of the Exchequer Philip Hammond has signalled that if the UK is unable to form international agreements over the way global internet giants such as Amazon and Google are taxed then the UK will set its own digital services tax

1 Oct 2018

Tax | Stamp duty surcharge for foreign property buyers

Prime minister Theresa May will use this week’s Conservative party conference to announce a new stamp duty surcharge of 1% to 3% for overseas buyers of UK property

1 Oct 2018

Tax | Treasury sets Autumn Budget for 29 October

The Chancellor of the Exchequer, Philip Hammond, has announced that the government will publish its next Autumn Budget on Monday 29 October 2018, leaving only four weeks for preparation

26 Sep 2018

Tax

Budget

Politics

Image for labours mcdonnell sets out plans inclusive ownership fund

Tax | Labour's McDonnell sets out plans for 'inclusive ownership fund'

In a speech at the Labour party conference in Liverpool, the shadow chancellor made the case for legislation that would give workers more of a stake in business, and discussed the wider application of the Fair Tax Mark

24 Sep 2018

Tax

Politics

Image for apple pays eu14bn outstanding tax bill ireland

Tax | Apple pays €14bn outstanding tax bill to Ireland

The Irish government has confirmed receipt of €14.3bn (£12.7bn) from Apple, marking full recovery of the disputed state aid offered to the tech giant, which the EU ruled was an illegal ‘sweetheart’ tax deal more than two years ago

19 Sep 2018

Tax | May: IHT is over-complicated and needs reforming

Despite recent statistics showing revenue raised by inheritance tax on the increase, Nigel May CTA, senior tax partner at MHA MacIntyre Hudson, argues that the tax is too complicated from the residence nil rate band and taper relief to complexity around the seven-year gifting rules

17 Sep 2018

Tax | Bull: national insurance u-turn saves self-employed £550 a year

The government's reversal on the proposed abolition of Class 2 national insurance contributions for the self-employed has been greeted with general dismay but it should be a cause for celebration, says George Bull, senior tax partner at RSM

17 Sep 2018

Tax | House of Lords call for evidence on extent of HMRC powers

The House of Lords has issued a two-week call for evidence into the extension of HMRC powers as part of government plans for Making Tax Digital set out in the draft Finance Bill 2018

13 Sep 2018

Tax | Republicans move to pass Tax Bill 2.0 before mid-terms

Republicans in the US House of Representatives have proposed more deficit-expanding tax cuts in a bid to garner votes before the mid-term elections on 6 November 2018

12 Sep 2018

Tax | Hammond disputes responsibility for RPI issues

As part of its open inquiry into the use of the retail price index (RPI) in assessing government debt repayments and indirect taxes, the economic affairs committee quizzed Chancellor Philip Hammond during a meeting

12 Sep 2018

Tax | PAYE and the tax status of platform workers

The confusion surrounding the tax status of platform workers has led to the Office of Tax Simplification (OTS) proposing significant changes to bring them their status into line with PAYE, says Lee Hamilton, partner at Blick Rothenberg

10 Sep 2018

Tax | Treasury abandons plan to abolish Class 2 NICs

The government has announced that it is not going to proceed as planned with the abolition of Class 2 national insurance contributions (NICs), which was originally scheduled for April 2018, then delayed to April 2019

7 Sep 2018

Tax | HMRC under fire from MPs over biometric phone recordings

HMRC has been criticised by MPs regarding the standards of data protection it maintained while collecting biometric data on customers for security purposes, a process that generated complaints from taxpayers, at a PAC hearing into HMRC performance

6 Sep 2018

Tax | OECD says corporate tax rates in ‘race to the average’

Tax reforms are accelerating worldwide, with the trend towards pushing down corporate tax rates in order to boost investment gaining momentum over the last two years, according to analysis from the OECD

5 Sep 2018