Tax / OECD addresses excessive interest rate deduction by mining multinationals

The OECD is inviting feedback on a draft practice note designed to help tax authorities in developing countries address profit shifting from their mining sectors via excessive interest deductions by multinationals

Tax / Nunn: extending tax relief on training costs

Yvette Nunn, director of Berkeley Associates, discusses the current HMRC consultation on whether tax relief on work-related training costs should be extended to the self-employed as the same service is being offered

Tax / Consultation on electric car workplace charging tax exemptions

HMRC has launched a technical consultation seeking comments on workplace charging tax exemptions for electric and plug-in hybrid vehicles which were announced at Autumn Budget 2017

Tax / HMRC seeks views on insolvency regime abuse

HMRC is exploring ways to tackle those who deliberately abuse the insolvency regime in trying to avoid or evade their tax liabilities, including through the use of phoenixism, and is seeking feedback on a discussion document

Tax / FCA changes rules on pension transfer advice

The Financial Conduct Authority (FCA) has published new rules on pension transfer advice and is seeking views on additional changes, including adviser charging structures

Tax / HMRC to revamp business risk review process

HMRC is to pilot a new version of its Business Risk Review (BRR) process for the risk assessment of large businesses, after a consultation indicated there need to be more gradations of risk and closer dialogue between companies and the department

Tax / Spring Statement 2018: not a tax non-event

Chancellor Philip Hammond kept his first Spring Statement short and sweet, instead updating the public on the state of the economy and choosing to save any tax measures for the Autumn Budget. Expert tax writers from Croner-i summarise the 13 consultations announced in preparation for this fiscal event

Tax / Khurana: will the Taylor Review change the tax status of employment?

Vaneeta Khurana, head of employment tax at Mazars, examines the government's plans to review employment status in response to the Taylor Review in a bid to address the challenges of the changing world of work, but warns of potential for further complexity over tax rules, particularly for off payroll working

Tax / Nunn: review of VAT threshold needs to be sensible

Among the slew of consultations announced in the Spring Statement this week, the decision to review the VAT threshold is perhaps one of the most important. Yvette Nunn (Fellow) ATT (Fellow) MAAT, director of Berkeley Associates, considers the complexities of overhauling the threshold 

Tax / Spring Statement: impact of tax on tourism in Northern Ireland

As part of the Chancellor’s Spring Statement, the Treasury is calling for evidence on what impact VAT and Air Passenger Duty (APD) has on tourism in Northern Ireland and how these taxes can be used to encourage people to travel

Tax / Spring Statement: extending the securities regime to corporation tax

From April 2019, corporation tax and Construction Industry Scheme (CIS) deductions will be covered by security deposit legislation and the government is now consulting on how to best implement these changes

Tax / Spring Statement 2018: closing the knowledge-intensive capital gap through EIS

In his Spring Statement Chancellor Philip Hammond announced plans to unlock £20bn of investment in innovative firms over ten years, with the introduction of a new approved fund structure within the Enterprise Investment Scheme (EIS), with the possibility of additional incentives to attract investment

Tax / Spring Statement 2018: briefing and consultations

In our roundup of Spring Statement essentials, we outline the VAT threshold review, digital taxation, entrepreneurs’ relief and online VAT payments as well as providing a snapshot of the closing dates for the various consultations which were announced

Tax / Spring Statement 2018: review of VAT threshold

The Treasury has launched a consultation to assess how the VAT registration threshold can incentivise small businesses to grow after it was reported that many opt to stay below the £85,000 turnover mark to avoid paying VAT

Tax / Spring Statement 2018: entrepreneurs’ relief on gains made before dilution

Chancellor Philip Hammond emphasised his desire to encourage an innovative business environment in his Spring Statement, which included the launch of a consultation on changes to entrepreneurs’ relief (ER) designed to ensure that it does not discourage entrepreneurs from seeking external finance for their companies