HMRC

Tax / HMRC corrects error in tour operator VAT advice

HMRC has admitted to an error in its information about applying the tour operators margin scheme (TOMS), and has now published a correction and details of how businesses who have paid too much VAT from 1 March 2019 can correct the overpayment

Tax / HMRC does not understand small business tax concerns

Small business taxpayers feel that HMRC does not understand their needs and are worried that any mistakes will be perceived as intentional and result in penalties

Tax / One in 10 employees do not receive a payslip

Around one in 20 workers report not receiving any holiday entitlement, and almost 10% do not receive a payslip, according to the Resolution Foundation

Tax / Self assessment records used to recover £818m in unpaid council tax

HMRC has released details of data sharing arrangements with local authorities where it is trialling self assessment and tax data exchange to clamp down on council tax debt

Tax / 120,000 businesses miss first MTD for VAT deadline

Some 120,000 businesses have missed the first deadline for filing under the Making Tax Digital regime, and HMRC has sent out ‘TV licence’-style reminders urging them to do so before next month, but will not be taking enforcement action at present

Tax / Ex NAO chief to lead independent review of loan charge

The former head of the National Audit Office (NAO), Sir Amyas Morse, will head up the independent review into the controversial loan charge, which has seen HMRC pitted against taxpayers who used disguised remuneration schemes over the last decade, and is set to report by mid November

Tax / VAT Q&A: property on hand at deregistration

In our regular Q&A, Vivienne Scott, senior VAT consultant at Croner Taxwise, considers the implications of deregistration with property on hand when an owner has invested heavily in refurbishment

Tax / U-turn on start date for construction industry reverse charge VAT

HMRC has bowed to pressure and has announced a one-year delay to 2020 to the introduction of reverse charge VAT in the construction sector, due to be implemented next month, after industry bodies and accounting specialists highlighted concerns about lack of preparation and the impact on businesses

Tax / Construction VAT reverse charge: delayed by one year

As construction companies face up to yet more tax reporting commitments, Johnston Carmichael’s head of VAT Nigel Roberts sets out the wide implications of the new VAT reverse charge, delayed by one year to 2020 in a government u-turn

Tax / Taxpayers struggling to pay want ‘simplicity, flexibility and accessibility’

Research reveals taxpayers who are facing difficulties with their tax bills have little or no awareness of help options, but believe HMRC should do more to promote available support and make more use of YouTube

Tax / HMRC’s approach to private residence relief (PRR) enquiries

HMRC is questioning the basis for more claims for private residence relief (PRR) than ever before as it eyes up opportunities to increase the tax take from property sales. Croner Taxwise senior tax consultant Neil Tipping highlights potential PPR pitfalls when selling houses and land

Tax / Restaurateur served up nine-year ban after hiding VAT from HMRC

A restaurateur behind Glasgow’s Cyan Restaurant has been disqualified for nine years after failing to pay a £195,000 VAT bill.

Tax / Tax filing deadlines: Sep-Dec 2019

The key HMRC filing deadlines from September to December 2019 including corporation tax second quarterly instalment payment for companies with annual taxable profits exceeding £20m, loan charge deadline for reporting to HMRC any disguised remuneration issues, and Making Tax Digital for VAT compliance deadline for deferred entry businesses

Tax / £16m ‘Brexit boost’ to fund thousands more customs agents

Government sets aside more funding to help businesses train staff to handle customs regulations after the UK leaves the EU, but business urged to apply early before funds run out

Tax / Tax updates: September 2019

In this month’s roundup of tax case, Ingenious film scheme ruled tax avoidance at appeal, worker cannot claim tax relief on contractor travel expenses in Nowak, Hargreaves Lansdown loses £15m loyalty bonus tax case, Making Tax Digital confirmation notices and IR35 private sector off-payroll working guidance issued
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