Tax

Tax / Graduates overpay £28m in student loan errors

The government is holding more than £28m of overpayments made to the Student Loan Company (SLC) in error, as a result of repayments being deducted from individuals after they have paid off their loans in full

Tax / Worker cannot claim tax relief on commuting expenses

A man who had a series of temporary contracts working at different company sites has lost his appeal for tax relief on his travel expenses, on the grounds this was ordinary commuting

Tax / Auto enrolment for post-Brexit EU customs system

HMRC is to automatically enrol over 145,000 VAT-registered UK companies into the economic operator registration and identification (EORI) customs system to reduce the risk of Brexit disruption to trade

Tax / PAYE RTI penalties to remain risk-based

Following a review, HMRC has decided to continue the risk-based approach to PAYE late filing and late payment penalties for employers throughout the 2019/20 tax year with penalties due to go out from September

Tax / Spain cracks down on 'aggressive tax planning' by foreign property investors

With Spanish tax authorities prosecuting tax evaders and the launch of the beneficial owner register, anyone invested in property via a corporate structure should review their tax position. León Fernando Del Canto, a barrister at Normanton Chambers, examines the tax rules

Tax / Using capital allowances for tax relief on business expenditure

Confusion and lack of knowledge about capital allowances discourages many business owners from using this essential tax relief worth up to £1m. David Redfern, director of DSR Tax Claims explains the qualifying criteria for the £1m annual investment allowance (AIA)

Tax / RNIB forces HMRC to change blind person’s allowance rules

The Royal National Institute of Blind People (RNIB) has successfully challenged HMRC guidance over the circumstances in which the blind person’s allowance can be transferred between spouses

Tax / Making Tax Digital for VAT webinar date

HMRC is running a live webinar on Making Tax Digital for VAT compliance this Friday to help businesses who have not yet signed up for mandatory digital reporting

Tax / Four Quick Fixes to VAT on intra-EU movement of goods

Businesses need to prepare for the EU’s Four Quick Fixes, the latest attempt to refresh the VAT system for intra-EU movement of goods, effective from January 2020. Rob Janering, associate director at Accordance explains the impact on supplies when call-off stock arrangements and chain transactions take place

Tax / Making Tax Digital IT maintenance affects submission process

HMRC has resolved a technical issue affecting submissions of Making Tax Digital for VAT returns following IT maintenance over the weekend

Tax / Warning on out-of-date self-help tax guides

Anyone wanting some assistance with filing a tax return has been warned to look closely at self-help guides, after high street retailer W H Smith was found to be selling a publication which is five years out of date

Tax / US tech giants oppose French digital tax plans

The US government’s investigation into French plans to implement a digital services tax (DST) has started with US tech companies arguing it is a discriminatory move and calling for multilateral cooperation to address changes to the international tax system

Tax / VAT Q&A: qualifying cars and input tax recovery

In our regular Q&A series, Croner Taxwise VAT adviser Janis Kirkham considers whether a car bought for business use actually falls within the qualifying rules for VAT recoverability

Tax / Tax investigations yield hits £13bn

HMRC saw actual cash collected from all tax investigations hit £13bn in 2018/19, up 27% from £10.3bn in 2017/18, while transfer pricing fines for multinationals have hit a record £413,000 

Tax / Chancellor backtracks on plans for stamp duty reform

Chancellor Sajid Javid has moved swiftly to backtrack on claims he is considering changing the way in which stamp duty land tax (SDLT) is levied, so it moves from the purchaser to the vendor of a property, although he has indicated an overhaul of the tax regime for buying and selling homes is a top priority
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