Consultations

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

Tax / EU threshold for VAT on digital services from 2019

HMRC has launched a short technical consultation on draft statutory instruments covering changes to the VAT treatment of business to consumer supplies of digital services, which introduce a new €10,000 (£8,894) threshold for total supplies to the EU in a year of sales

12 Sep 2018

Tax / Dodwell: historic approach to tax fails to recognise reality

Bill Dodwell LLB CTA, senior policy adviser at OTS, considers how the history of PAYE will impact engagers and online platforms following the release of two HMRC consultations

29 Aug 2018

Tax / What’s changing: CGT overhaul for non-residents

Capital gains tax is being extended to non-residents for gains arising from property and land sales in the UK from April 2019. Stephanie Webber ACA CTA, specialist tax writer at Croner-i, examines the draft rules and potential pitfalls

22 Aug 2018

Tax / HMRC consults on AML supervision fees

HMRC is consulting on plans to alter the way it charges fees to the businesses it supervises under money laundering regulations, saying its income from this needs to increase by 80% - 100% to cover the costs of a significant number of new staff

21 Aug 2018

Tax / Treasury to use tax regime to cut plastic waste

The Chancellor has indicated he will be announcing proposals for new tax measures to reduce the use of plastics at Budget 2018, after the Treasury received 162,000 responses, the highest in its history, to a recent call for evidence on how the tax system can be used to reduce plastic waste

20 Aug 2018

Tax / IR35: when is contracting employment in disguise?

Government plans to extend the offpayroll working rules to the private sector as early as April 2019 will create difficulties for contractors and business so it is essential to review contracts to ensure there are no unexpected disputes with HMRC over tax liability or accusations of disguised employment. Andrew Brookes, head of employment solutions at Menzies LLP, considers the proposals

16 Aug 2018

Tax / PAYE withholding tax for gig platform workers too confusing

The Office of Tax Simplification has proposed changing the tax rules for self-employed platform workers with the introduction of a sector-specific PAYE withholding tax but how would it work? David Williams-Richardson, partner in the employer solutions team at RSM, considers the pros and cons

15 Aug 2018

Tax / Profit fragmentation rules set for overhaul

As the government rapidly finalises new rules on profit fragmentation, Lindsey Wicks, tax writer at Croner-I Tax & Accounting, considers the significance of the proposals, particularly the notification requirement which could net thousands of high net worth individuals and business owners

14 Aug 2018

Tax / Calls for HMRC to delay IR35 private sector extension

HMRC’s consultation on extending the IR35 rules covering off-payroll working to the private sector closed last week, and contractor organisations are indicating there has been a groundswell of protest against the proposals, which have attracted controversy since their introduction in the public sector

13 Aug 2018

Tax / FCA consults on global financial innovation network

The Financial Conduct Authority (FCA) is consulting on plans to create a global financial innovation network (GFIN), in collaboration with 11 financial regulators and related organisations, which will build on its proposal earlier this year to create a ‘global sandbox’ for new concepts and finance models

9 Aug 2018

Tax / ICAEW calls on HMRC to fix off-payroll tax rules

Following a meeting with HMRC on 21 June 2018 to discuss proposals for the rollout of off-payroll working to the private sector, ICAEW has published an in-depth letter calling for improvements

7 Aug 2018

Tax / Scottish government may extend LBTT stamp duty reliefs

The Scottish government is to consider the introduction of land and buildings transaction tax (LBTT) relief for investors such as pension funds and insurance companies in Scottish property, in a move welcomed by the accountancy profession

3 Aug 2018

Tax / HMRC issues draft rules on pension cold calling ban

HMRC has launched a technical consultation on draft regulations to ban pensions cold calling to ensure the proposed arrangements are robust and effective in protecting individuals from scams

23 Jul 2018

Tax / HMRC tackles VAT avoidance via offshore looping

HMRC has amended legislation to shut down a VAT avoidance scheme in which financial services exploit current rules using offshore looping

19 Jul 2018