Tax

Tax | Supreme Court protects care home operator from £800k VAT bill

The Supreme Court’s recent decision in Balhousie Holdings indicates that care home operators, charities and universities may be able to use leaseback arrangements to finance certain new buildings without incurring a hefty VAT liability. Sarah Halsted, national VAT technical officer at RSM, examines the decision

14 Apr 2021

Tax | HMRC to contact self employed claimants for grant four SEISS applications

As the fourth Self Employment Income Support Scheme (SEISS) is due to open for claims, HMRC has confirmed that it will be contacting eligible self employed individuals based on their tax returns in mid-April to give a date for making applications

14 Apr 2021

Tax | Q&A: tax liability when partner falls under IR35 rules

In this week’s Croner Taxwise Q&A, Joe Tabois, payroll advisor at Croner Taxwise, considers the IR35 rules in the context of off-payroll working regulations

13 Apr 2021

Tax | TaxWatch launches project for public interest in taxation law

The UK charity TaxWatch has launched a project to improve the application of the rule of law in tax administration by ensuring that public interest is more sufficiently and effectively represented in the courts and by regulators

13 Apr 2021

Tax | Super deduction capital allowance - take it to the limit

Peter Rayney reviews the new 130% super deduction capital allowance rules introduced in the Budget 2021 explaining the potential complexities in applying them

13 Apr 2021

Tax | Off-payroll rules need reform to address contractor rights

Government must take action to clean up the ‘wild west’ supply chain that exploits freelance and contract workers and encourages tax avoidance schemes, say MPs

12 Apr 2021

Tax | US calls for 21% minimum global tax rate

The US Treasury department has released President Biden’s Made in America Tax Plan which includes details for an ambitious global tax reform

12 Apr 2021

International tax

Tax | Filing deadlines: April to June 2021

In our handy guide to tax filing deadlines, we provide an at-a-glance guide to key dates from inheritance tax due on lifetime transfers between 6 April and 30 September 2020, forms P46(Car) for quarter ended 5 April and employment intermediary’s quarterly reports

12 Apr 2021

Making Tax Digital

Tax | Management expenses and tax liability - CPD module

In this month's exclusive Accountancy Daily CPD module, we look at reporting of management expenses and tax liability

9 Apr 2021

Tax | Employed workers can claim working from home allowance for new tax year

Employed workers who were forced to work from home because of the pandemic can now claim the government’s working from home allowance for the 2021/22 tax year

9 Apr 2021

Tax | Third of Scots not aware of devolved tax regime

With the likelihood of future devolution to Scotland, public awareness of taxation needs to be a priority of the Scottish government says ICAS

8 Apr 2021

Tax | Investment set for super deduction tax boost for manufacturers

Almost a quarter of companies plan to increase investment to take advantage of the latest super deduction tax break announced in the Budget

8 Apr 2021

Tax | Freeports: the Chancellor’s economic weapon

The rollout of freeports across the UK is designed to drive trade following the UK departure from the EU, offering a raft of tax breaks for investors. Charlotte Sallabank, tax partner at Katten Muchin & Rosenman UK LLP, assesses the pros and cons

8 Apr 2021

Tax | Calls for global minimum tax rate spearheaded by US

US Treasury chief Janet Yellen is calling for a global corporate tax approach to stop multinationals from profit shifting revenue to offshore locations to reduce tax liability

7 Apr 2021

International tax

Tax | Five things you need to know about IR35

The IR35 changes which came into force on 6 April 2021 are a monumental shift for accounting and payroll teams across the UK. Adam Prince, VP product management, compliance, at Sage explains

7 Apr 2021

Tax | Expat right to vote could have serious tax liabilities

The government is planning to allow more British expats the right to vote in UK elections – but this may come with a ‘tax sting in the tail’, warns tax and advisory firm Blick Rothenberg

7 Apr 2021

International tax

Technical Alerts

Direct Tax | Off-payroll rules need reform to address contractor rights

Direct Tax | HMRC publish videos to help with tax debts and compliance checks

Direct Tax | Case alert: Follower-notice penalty reinstated but mitigated

Indirect Tax | EC proposes to exempt vital goods and services distributed by EU

Direct Tax | HMRC update Class 1A NICs guidance

Direct Tax | CFE issues opinion statement on application of Swedish interest deductibility rules

Direct Tax | Covid-19: HMRC update benefits guidance

Direct Tax | Case report: UT determines market value of leasehold interests

Indirect Tax | List of customs agents and fast parcel operators updated

Indirect Tax | HMRC update import VAT returns guidance

Direct Tax | STEP reports on US tax plan to target multinational profit-shifting

Indirect Tax | Committee wants more scrutiny of N. Ireland Brexit issues

Direct Tax | Covid-19: HMRC clarify terms for fourth SEISS grant

Direct Tax | Chancellor appoints new FPC member

Direct Tax | Covid-19: Factsheet on CJRS overpayment penalties updated

Direct Tax | HMRC publish new guidance on SAO penalties