HMRC

Tax / HMRC signs lease for Nottingham regional centre

HMRC has signed a 25-year lease for its Nottingham regional hub with the tax authority planning to move employees into the building by 2021, with the building becoming the final lease that HMRC has signed out of the 13 regional centres

Tax / HMRC steps up MTD letter campaign

HMRC has issued another 180,000 letters, following on from the 20,000 sent last week, to businesses affected by Making Tax Digital (MTD) for VAT, explaining the change and what they need to do to prepare for April 2019

Tax / BBC still to resolve tax issues for freelancers

The BBC has unresolved issues relating to the tax status of dozens of its on-air presenters and others hired through personal service companies (PSCs) which may have future financial implications for the broadcaster, a National Audit Office (NAO) inquiry has found

Tax / What you need to know: annual investment allowance increased to £1m

The £1m annual investment allowance (AIA) limit could translate into an effective annual limit of less than £17,000 due to straddling periods, explains Will Silsby, technical officer at the Association of Taxation Technicians

Tax / HMRC sees 62% hike in disputed tax collected through mediation

HMRC saw a 62% rise in disputed tax collected through the use of mediation last year, collecting £40.8m, up from £25.2m in 2016/17, according to analysis by RPC

Tax / N Brown faces £9m VAT recovery challenge

Fashion group N Brown, which owns the Simply Be and JD Williams brands, faces paying up to £9m in additional VAT from 2020, after the company was told by a First Tier Tribunal (FTT) it is likely to lose its long-running dispute with HMRC

Tax / OECD progresses on BEPS anti avoidance measures

Mark Cawthron LLB CTA, tax specialist at Croner-i, examines the developments in the OECD’s framework package on base erosion and profit shifting (BEPS) over the 12 months to June 2018 and the progress that has been made in the UK's approach to the 'digital challenge'

Tax / Collins: is the FTSE 100 doing enough to prevent tax evasion?

Jason Collins, partner, and Penny Simmons, senior practice development lawyer at Pinsent Masons, look at what companies are doing to prevent tax evasion and what more can be done

Tax / Offshore time limit change 'unnecessary and undesirable' say Lords

Lord Forsyth has written to the Chancellor on the subject of the changes to offshore time limits, expressing misgivings about the lack of consultation at early stages and the impact it will have on honest taxpayers

Tax / Reducing inheritance tax main reason individuals set up trusts

HMRC research has found that the main reason individuals set up trusts is to reduce their inheritance tax (IHT) liability through the use of the nil rate band although tax advisers disagree stating that trusts are not set up primarily for tax reasons

Tax / Budget 2018: implementation dates effective November 2018 onwards

Our essential snapshot of the key measures announced in Budget 2018, Spring Statement 2018 and Autumn Budget 2017, including digital services tax, SDLT first time buyers relief extension, amendments to diverted profits tax, off payroll working rules in the private sector reformed

Tax / Parents face fines due to tax-free childcare payment delay

Around 22,000 tax-free childcare payments have been delayed by up to one week, following an issue with HMRC’s payment system, resulting in some parents facing late payment fees from childcare providers

Tax / Government considers reform of taxation of trusts

HMRC has published a 12-week consultation reviewing the taxation of trusts to determine how its tax policy can be made more transparent as well as whether reform is needed to encourage uptake but discourage the abuse of non-resident trusts for tax avoidance purposes

Tax / Brexit, VAT and distance sellers

The lack of certainty on Brexit, far less the customs union, is leaving companies in a state of limbo. Nicholas Hallam, CEO of Accordance VAT considers the future VAT compliance options for distance sellers

Tax / HMRC to carry out tax checks on taxi licence renewals

Individuals applying for public sector licenses in sectors such as scrap metal and private hire vehicles will need to provide proof that they are correctly registered for tax when renewing their licenses
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