Tax

Tax / Over three million still to submit tax returns

More than three million taxpayers are yet to send in their 2018-19 tax returns and have just one week left to the 31 January deadline, HMRC warns

Tax / Fast food boss banned for accounting failure

The director of a Walsall takeaway has been disqualified by the courts for seven years after the Insolvency Service found he had failed to maintain accounting records 

Tax / VAT pitfalls – prevention better than cure

Falling foul of the VAT rules can be an expensive mistake, resulting in an unwanted HMRC penalty or inspection visit. Robert Marchant, VAT partner at Crowe, runs through some fundamentals on compliance from property transactions to import VAT reclaims and intra-group arrangements

Tax / Recruitment bosses call for delay to IR35 for private sector

A group of industry leaders have written to the Chancellor criticising the IR35 rule changes to off-payroll working for the private sector and calling for a one-year delay to introduction

Tax / Taxman to invest £100k in tracking tool to curb crypto asset crime

HMRC is ramping up the technology it uses to track investors in cryptoasset transactions using blockchain, with plans to buy a software analysis tool

Tax / Framework for UK/EU double taxation dispute resolution

HMRC has outlined proposals for new regulations designed to provide a more efficient framework for the resolution of double taxation disputes arising between the UK and other member states post-Brexit

Tax / Off-payroll working rules: IR35 and mutuality of obligation – part 5

From April 2020, off-payroll working rules will be extended to the private sector. Caroline Harwood, partner and head of employment tax at Crowe UK, explains how mutuality of obligation could be a decisive factor when determining employment status

Tax / IR35 draft legislation out for consultation

HMRC has published draft secondary legislation with a four-week window for feedback from stakeholders despite being mid-way through a government review of the rules

Tax / Digital services tax will be temporary

The Chancellor has given the April digital services tax for multinationals the go ahead at the World Economic Forum, but only a short-term basis

Tax / Sugar tax should net pre-mixed alcoholic drinks

An anti-sugar lobby group is calling for the government to extend the parameters of the sugar levy to cover pre-mixed alcoholic and energy drinks which are packed with hidden sugar

Tax / Time to pay arrangements for individual taxpayers clarified

HMRC has issued guidance for individual taxpayers on how to settle a tax debt using a negotiated time to pay arrangement

Tax / HMRC opens 300,762 self assessment investigations

Taxpayers who have yet to file before the January 31 deadline are being warned to make sure their information is accurate, despite the tight deadline, as HMRC opened over 300,000 investigations into self assessment tax returns in the last year

Tax / VAT treatment of recharged salary costs

Employee salary costs can be liable for VAT when recharged between subsidiaries and related companies. Sarah Kay examines potential pitfalls for employers from risks for group payroll functions to distinctions of supply of staff or supply of services 

Tax / US and France negotiate digital tax agreement

There are signs that France and the US are looking for a way to end their dispute over French plans to introduce a digital tax, which has seen the US threaten retaliatory tariffs on French products

Tax / Government waters down loan charge rules

The government has backed down on original time frame for loan charge compliance giving taxpayers who signed up to schemes approved by HMRC before 2015 greater leniency and offering five-year time to pay arrangements
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