Tax

Tax | Change on the horizon for EU Withholding Taxes

The move towards a standardised system across the EU for withholding taxes would bring numerous benefits, but there are still some details to be worked out, explains Carlos Silva, Senior Tax Solution Manager, Xceptor

28 Nov 2022

Tax

International tax

Practice & Industry

Tax | HMRC hands out £8m in fines for tax evaders

A recruiter, a pension administrator and a payroll services provider all avoided tax bills totalling £13.8m and face millions of pounds in fines from HMRC

28 Nov 2022

Tax | Threshold freeze equivalent to 3.5% tax hike

The government’s deep freeze on income tax thresholds will see some workers’ tax bills rise by the equivalent of a 3.5% hike in the headline rate of tax

25 Nov 2022

Tax

Personal tax

Budget

Tax | Tax avoidance disclosure rules will be backdated to 2018

In a bid to crack down on the use of tax avoidance arrangements, the largest businesses will have to report the use of tax avoidance schemes used since 2018

25 Nov 2022

Tax | Retail director loses £457k compensation tax dispute

A retail director has lost an appeal in the First Tier Tribunal (FTT) against a closure notice on the grounds that a compensation fee of £1m was not chargeable to tax

24 Nov 2022

Tax | HMRC automatically moves businesses to MTD for VAT accounts

HMRC has emailed accountants and tax agents whose clients still use old VAT online accounts to stress that the facility is now closed unless they have agreed a special exemption

24 Nov 2022

Tax | Plans to modernise film tax relief

The government is consulting on plans to simplify and modernise audio-visual tax reliefs, including film tax schemes, in the first shake-up since their introduction in 2007

23 Nov 2022

Tax

Business tax

Consultations

Tax | Digital services tax sees £360m paid by multinationals

The digital services tax (DST) has raised approximately £358m from digital businesses including Amazon, Google and Apple in its first year

23 Nov 2022

Tax | Road tax on electric vehicles will raise £985m

The government plans to tax electric vehicles with the introduction of vehicle excise duty for zero emission cars, vans and motorcycles from 2025

23 Nov 2022

Tax | Tax take soars with £41.5bn boost to revenue

Total tax receipts for April 2022 to October 2022 were £432.8bn, which was £41.5 billion higher than the same period a year earlier

22 Nov 2022

Tax

Personal tax

HMRC

Tax | CIOT launches tax technology diploma

The Chartered Institute of Taxation (CIOT) has unveiled its first-ever tax technology diploma, which provides tax professionals with the expertise and knowledge required to work in tax technology

22 Nov 2022

Tax

Making Tax Digital

Tax | Q&A: corporation tax payment dates

In our regular Q&A, Croner-i advisers explain what to do when you receive a nudge letter from HMRC demanding an outstanding tax payment on commercial property disposal

22 Nov 2022

Tax | Sign up for our Autumn Statement webinar

Croner-i will be running a series of live webinars on the Autumn Statement focusing on the key tax changes on Monday 21 and Tuesday 22 November

21 Nov 2022

Tax

Budget

Tax | HMRC to change RTI reporting of salary advances

HMRC has confirmed that it plans to amend the reporting requirements so that salary advances can be reported on or before the employee’s contractual pay day

21 Nov 2022

Tax

Employment tax

HMRC

Tax | Key tax measures: when the tax changes come into effect

In our handy guide to the key tax measures announced in the Autumn Statement 2022 and earlier Budgets, Croner-i tax expert Sarah Arnold sets out the effective dates and relevant legislation

21 Nov 2022

Tax | HMRC launches income record viewer for accountants

HMRC has launched an online service for agents to give them access to the tax information and services available to their clients

21 Nov 2022