HMRC

Tax / William Hill signals £150m betting windfall

Gambling group William Hill has stated it expects to recover up to £150m in tax after HMRC lost a legal challenge, with a tribunal finding VAT was wrongly applied to revenues from fixed odds betting terminals (FOBTs) in betting shops

Tax / Q&A: company bad debts

In our regular Q&A series from Croner Taxwise, tax adviser, Laura Burrows CTA explains the tax consequences which apply if a businesses debtors are unable to pay their debts

Tax / Covid-19: property transactions slump by half

The estimated number of residential property transactions in April was 53.4% lower than April 2019 and 46.1% lower than the previous month this year, as coronavirus restrictions brought the housing market to a halt, HMRC statistics reveal 

Tax / BrightHR invests £1m in Back to Work Navigator

BrightHR, the international HR software and employment law advice service, has made a £1m investment in an online tool called the Back to Work Navigator

Tax / Covid-19: self assessment payment deferrals

Taxpayers can choose how and when they can delay making a second payment on account for the 2019-20 tax year following updated guidance from HMRC

Tax / VAT updates: May 2020

In this month’s VAT updates, Graham Elliott considers costs of staging productions and taxable supplies of catering in the Royal Opera House case, historical VAT claim at NHS Lothian and refurbishing an empty dwelling

Tax / HMRC wins landmark non-cash pension tax relief ruling

HMRC has won a landmark case at an Upper Tax Tribunal, which has ruled that tax relief cannot be claimed on ‘in-specie’ or non-cash contributions to personal pensions, potentially opening the way for the tax authority to reclaim millions

Tax / Q&A: restaurants providing delivered takeaway

In our regular Q&A series from Croner Taxwise, VAT adviser, Priyesh Mistry explains the VAT implications of restaurants providing a delivery service, whether they need to account for standard rate VAT and the liability of the delivery fee

Tax / Augean seeks £11m landfill tax repayment

Augean, one of the UK's leading specialist waste management businesses, is seeking to claw back £11.1m of landfill tax it has paid, following successful legal challenges to HMRC rulings brought by other operators

Tax / Covid-19: HMRC inheritance tax pause opens opportunity

HMRC’s suspension of its inheritance tax investigations during the coronavirus crisis gives taxpayers an opportunity to get their affairs in order, said Pinsent Masons

Tax / Covid-19: rules on home office expenditure relaxed

The government has bowed to pressure to address the additional costs of working from home during the coronavirus crisis, and has announced a temporary tax exemption and National Insurance disregard to ensure that home office equipment purchase by employees will not attract tax and NICs liabilities where reimbursed by the employer

Tax / Covid-19: 64% of SMEs unable to pay deferred tax

Two thirds of SMEs may not be able to pay their deferred tax liabilities in six months’ time, while many are still waiting to access government grants and loans, a poll by ACCA has found

Tax / Q&A: property rental tax points and unpaid rents

In our regular Q&A series from Croner Taxwise, VAT adviser, Tony Chamberlain explores the tax implications of deferring rent payments during the Covid-19 pandemic

Tax / Covid-19: tax appeal deadlines extended

HMRC has extended the period available for taxpayers to appeal a tax decision by an additional three months, in light of the current pandemic

Tax / VAT updates: April 2020

In this edition of VAT updates, Graham Elliott considers HMRC’s VAT easements, a suppression of sales case and the challenging concept of fiscal neutrality
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