Tax / 75% of MPs call for increase in HMRC funding

Two out of three MPs believe that government should be clearer on its tax strategy, while three-quarters have called for increased investment in HMRC, according to research from the Association of Accounting Technicians (AAT) and ACCA

Tax / Government dispenses additional £15m from tampon tax fund

The government has announced the list of charities and good causes which will benefit from £15m of funding from the latest round of the tampon tax fund, bringing the total handed out to £47m

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 / OECD webinar on digital tax scheduled

The OECD Centre for Tax Policy and Administration is planning a briefing on the latest plans for digital taxation ahead of the upcoming G20 finance ministers’ meeting

Tax / AAT calls for radical overhaul of ISA savings

The hugely complex individual savings account (ISA) regime needs to be overhauled to create a more streamlined, simpler savings system to encourage savings rates and reduce complexity, says a working group set up by the Association of Accounting Technicians (AAT) and cross-bench MPs

Tax / Scottish rate of income tax: what you need to know

After the Scottish government used its devolved tax powers for the first time in its recent Budget to change tax bands and create a new mid earner rate of 21%, Elaine McInroy, partner at Saffrey Champness, explains the impact of the changes on income tax rates for Scottish taxpayers from April 2018

Tax / Shah: labyrinthine personal tax system needs complete overhaul

Nimesh Shah, partner at Blick Rothenberg, calls for radical reform of the hugely complex personal tax system, not just inheritance tax, from spikes and cliff edges in marginal tax rates to capital gains tax

Tax / Inheritance tax: time to reform overly complex rules

Inheritance tax may be paid by less than 5% of estates but it is a hugely complex system and now the Chancellor, Philip Hammond, has asked the Office of Tax Simplification (OTS) to come up with simplification proposals. Paul Morton, tax director and Daphna Jowell, IHT review team leader at the Office of Tax Simplification (OTS) consider key problem areas requiring reform

Tax / Nunn: unusual taxes become common place

Spontaneous taxes like the proposed latte levy and  disposable plastic bag levy are not designed to collect revenue but rather change current behaviour, says Yvette Nunn CTA of Berkeley Associates, warning that these so-called taxes are beginning to gather momentum, but are not the answer to wider problems 

Tax / Chancellor calls for review of inheritance tax

The Treasury is calling for a review of inheritance tax (IHT), stating that it is too complicated and needs simplification for the 3% of estates affected

Tax / Whiscombe: what's the chance of reforming VAT post-Brexit

VAT is a European construct so post-Brexit any government could have the freedom to reform this hugely complex and irrational VAT rating system, argues David Whiscombe CTA, partner at BKL

Tax / Treasury confirms ministerial team

The Treasury has confirmed details of its ministerial team, with two new appointments as exchequer secretary and financial secretary joining the existing team, following Prime Minister Theresa May’s government reshuffle earlier in the week

Tax / No change at top of Treasury in Cabinet reshuffle

Chancellor Philip Hammond held on to his seat in Prime Minster Theresa May’s new year Cabinet reshuffle, which saw no major changes after senior members refused to change jobs, including health secretary Jeremy Hunt who turned down the option to become business secretary

Tax / HMRC denies tax attack on Leave EU donors

HMRC has been forced to issue a rebuttal over media suggestions that individuals who gave money to the ‘Leave’ campaign in the run-up to the referendum on the UK’s membership of the EU are now being subjected to unfair tax treatment on their donations to a political cause

Tax / Edward Troup sets out vision for future of tax advisers at CIOT roundtable

After a four decade long career working in tax, outgoing HMRC chairman Edward Troup, joined a CIOT roundtable in December to set out his thoughts for the future of the tax authority and the inter-relationship of tax advisers with HMRC and clients over the next few years, highlighting the increasing need to monitor  the quality of advisers and acknowledging the impact of Making Tax Digital