HMRC

Tax / Loan charge tax deadline in six days, warns LITRG

The Low Incomes Tax Reform Group (LITRG) is warning people that they have until Wednesday (30) to meet their loan charge reporting and payment obligations

Tax / VAT refunds to overseas shoppers to go post-Brexit

The Treasury has signalled the government will end VAT refunds on purchases made by overseas visitors on 31 December, when the UK leaves the EU, despite claims from the travel and luxury goods sector that this will harm tourism

Tax / Call for joined up tax reporting deadline extensions

In the wake of the pandemic, businesses have been given extensions for tax filing and company reporting, but there is still confusion between HMRC and Companies House deadlines. Crowe’s corporate tax partner Laurence Field calls for a more joined up approach

Tax / Q&A: class 1 NIC bill from HMRC

In our regular Q&A series from Croner Taxwise, Vanessa Matthews advises how much could be recoverable from an under deducted Class 1 National Insurance Contributions (NICs) bill from HMRC

Tax / Aberdeen bottom of league for NMW compliance

The Scottish oil city of Aberdeen tops the list of places where HMRC conducted the greatest number of investigations into the underpayment of the national minimum wage (NMW) last year, according to Pinsent Masons

Tax / VAT-registered businesses urged to prepare for Brexit trading changes

HMRC has written to all VAT-registered businesses in Great Britain trading with the EU and/or the rest of the world, highlighting what they need to do to prepare for the UK’s exit from the EU at the end of this year

Tax / Two arrested on suspicion of £70,000 furlough fraud

An accountant and a company director from east London have been arrested on suspicion of £70,000 furlough fraud following an HMRC investigation

Tax / What does the future hold for payroll after the Covid-19 pandemic?

National Payroll Week this year is an opportunity to recognise the unique challenges faced by all payroll professionals in the form of the Coronavirus Job Retention Scheme (CJRS), explored by Joanne Harris, technical commercial manager at Parasol

Tax / Preferential creditor change creates headache for rescue remedies

As HMRC regains its position at the front of the creditor queue, Ashford’s Katie Farmer and Amy Gallimore explain the impact on corporate insolvencies, including CVA challenges and cash flow crises

Tax / Expansion of zero-rated VAT for charity digital advertising

HMRC has issued a brief on VAT and digital advertising by charities, which confirms VAT is no longer considered due on the majority of internet search browsing advertisements

Tax / SDLT cuts: benefits for couples and buy-to-let

The coronavirus stamp duty holiday for property buyers could give potential savings to married couples, civil partners and buy-to-let landlords, say RSM’s George Bull and Chris Etherington

Tax / Q&A: VAT on energy saving materials

In our regular Q&A series from Croner Taxwise, VAT adviser, Arti Sonpal explains the VAT implications around installing electric car charging points and solar panels to a residential property

Tax / Windsor tops tax avoidance table

Windsor has been named the UK hotspot for tax avoidance based on numbers of disclosures by taxpayers in the past year, with other stockbroker belt towns also in the top ten, according to research by UHY Hacker Young

Tax / Is a wealth tax on the cards?

A new wealth tax in the UK, to support the NHS and social care, cannot be ruled out, following suggestions from the US to introduce a new charge on billionaires, says Blick Rothenberg’s Nimesh Shah

Tax / Payments to tax informants up 63%

Payments to informants have jumped 63% in a year as HMRC seeks to crack down on tax evasion and boost public finances, according to analysis by RPC
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