Business tax

Tax / When is a temporary workplace not a temporary workplace for tax purposes?

Temporary workplace expense claims can be a challenge for employers when it comes to ensuring HMRC compliance with tax rules. David Redfern, managing director of DSR Tax Claims, examines potential pitfalls when  determining whether claims should be allowed

Tax / OECD releases first beneficial ownership toolkit

The OECD’s global forum on transparency and exchange of information for tax purposes has released the first ever beneficial ownership toolkit designed to help governments, particularly in developing countries, comply with international transparency standards

Tax / Council tax increases by 3% across Scotland

A report has revealed that all 32 councils in Scotland increased council tax by the maximum allowable 3% in 2018/19 for the first time since the council tax freeze was lifted

Tax / Call for 0.5% levy on social media firms to fund mental health support

A cross-party group of MPs is calling for a 0.5% levy on the profits of social media companies, to be used to fund a new Social Media Health Alliance which would work to protect the health and wellbeing of young people

Tax / MPs want creative tax relief extended to urban and grime music

MPs are calling on the government to extend the tax relief already given for orchestra performances to other forms of music production such as urban music and grime, in a bid to slow closures of venues and support live music

Tax / Is a tractor a farming utensil for tax purposes?

Andrew Hubbard, tax consultant and partner at RSM, considers a recent case on whether a tractor was a utensil for tax relief purposes, which raised an interesting point of testing legislation in court to establish the true meaning of particular words

Tax / HMRC targets accountants over tax evading clients

HMRC sent over 1,400 production orders to accountants, lawyers and other professional services firms last year demanding information on clients that it wants to investigate for suspected tax evasion

Tax / Spring Statement 2019: implementation dates effective March 2019 onwards

Our essential snapshot of the key measures announced in Spring Statement 2019, Budget 2018, Spring Statement 2018 and Autumn Budget 2017, including rule changes to EIS funds, structures and buildings allowance, digital services tax, amendments to diverted profits tax, and more

Tax / Hong Kong leapfrogs UK for offshore company registrations

Hong Kong has toppled the UK as the top international financial centre (IFC) for global corporate services, while the trend towards moving business to onshore and mid-shore jurisdictions continues to increase, according to research by Vistra

Tax / HMRC wins battle to tax Lehman Brothers interest payments

HMRC has won a longstanding legal challenge over whether or not PwC as administrators to collapsed bank Lehman Brothers International (Europe) (LBIE) should deduct income tax from some £5bn of interest payable to creditors, after the Supreme Court ruled in its favour

Tax / One in four businesses aware of corporate criminal offence for tax evasion

Just a quarter of businesses are aware of tough new corporate criminal offences relating to activity which is seen to facilitate tax evasion and only 8% have carried out training in this area

Tax / Spring Statement 2019: late payment clampdown on big business

The Chancellor has announced plans to clamp down on late payments with a requirement for the audit committees at listed companies to report on their payment performance in the annual report and accounts

Tax / Spring Statement 2019: apprenticeship levy reforms brought forward

In his Spring Statement, the Chancellor announced that reforms to the apprenticeship levy, announced at Budget 2018, will be brought forward a year and will now take place from 1 April 2019

Tax / Blundell: fixing the international tax system

The current global corporate tax system has its flaws, but where will the proposed changes to tackle profit shifting by multinationals leave SMEs, asks Nick Blundell, partner and head of corporate tax at RSM

Tax / Facing up to the tax challenges of the global digital economy

An overhaul of the taxation of highly digitised multinationals would challenge long-held conventions on taxable presence and profit allocation if OECD proposals were to go ahead. Jeff VanderWolk, partner at Squire Patton Boggs, examines the viability of the latest OECD consultation on the tax challenges of the digitalisation of the economy