Tax

Tax / HMRC signs lease for Nottingham regional centre

HMRC has signed a 25-year lease for its Nottingham regional hub with the tax authority planning to move employees into the building by 2021, with the building becoming the final lease that HMRC has signed out of the 13 regional centres

Tax / OECD cracks down on misuse of preferential tax regimes

The OECD says international efforts spearheaded by its base erosion and profit shifting (BEPS) project to curb harmful tax practices and prevent the misuse of preferential tax regimes are having a tangible impact worldwide, according to its latest report on progress

Tax / Government caves in to pressure on fixed odds betting changes

The government has been forced into a U-turn over the planned timetable for reducing the stakes on fixed odds betting terminals (FOBTs), which will now be introduced in April 2019 following public and political outcry and a ministerial resignation

Tax / HMRC steps up MTD letter campaign

HMRC has issued another 180,000 letters, following on from the 20,000 sent last week, to businesses affected by Making Tax Digital (MTD) for VAT, explaining the change and what they need to do to prepare for April 2019

Tax / BBC still to resolve tax issues for freelancers

The BBC has unresolved issues relating to the tax status of dozens of its on-air presenters and others hired through personal service companies (PSCs) which may have future financial implications for the broadcaster, a National Audit Office (NAO) inquiry has found

Tax / What you need to know: annual investment allowance increased to £1m

The £1m annual investment allowance (AIA) limit could translate into an effective annual limit of less than £17,000 due to straddling periods, explains Will Silsby, technical officer at the Association of Taxation Technicians

Tax / Changes to tax liabilities on termination payments create complexity

An overhaul of the rules on taxation of termination payments has directly affected the tax treatment of payments in lieu of notice (PILONs) and foreign service relief (FSR), creating complicated questions for businesses when applying them to redundancy situations. Tim Stovold, head of tax at Kingston Smith, explains 

Tax / HMRC sees 62% hike in disputed tax collected through mediation

HMRC saw a 62% rise in disputed tax collected through the use of mediation last year, collecting £40.8m, up from £25.2m in 2016/17, according to analysis by RPC

Tax / N Brown faces £9m VAT recovery challenge

Fashion group N Brown, which owns the Simply Be and JD Williams brands, faces paying up to £9m in additional VAT from 2020, after the company was told by a First Tier Tribunal (FTT) it is likely to lose its long-running dispute with HMRC

Tax / OECD progresses on BEPS anti avoidance measures

Mark Cawthron LLB CTA, tax specialist at Croner-i, examines the developments in the OECD’s framework package on base erosion and profit shifting (BEPS) over the 12 months to June 2018 and the progress that has been made in the UK's approach to the 'digital challenge'

Tax / Small businesses urged to apply for broadband vouchers

The government is strongly recommending that small and medium-sized enterprises (SMEs) make use of a £2,500 voucher to help with installing high-speed broadband and increase rural communities' access to the internet

Tax / Q&A: VAT on property and anti-avoidance

In our regular Q&A series from Croner Taxwise, we consider whether VAT can be reclaimed when a company sub-lets a property to a non-VAT registered business bearing in mid the relevant anti-avoidance rules under VAT 1994

Tax / Collins: is the FTSE 100 doing enough to prevent tax evasion?

Jason Collins, partner, and Penny Simmons, senior practice development lawyer at Pinsent Masons, look at what companies are doing to prevent tax evasion and what more can be done

Tax / Rossow: changes to US alimony tax spell confusion

Tim Rossow CPA, principal at Rehmann, discusses the incoming changes to US matrimonial tax, under which where you get married, where you live and where you might get divorced is going to make a big difference

Tax / 25% of companies missing out on patent tax relief

Research by tax specialist Catax indicates that one quarter of businesses are unaware that they are eligible to claim tax relief under the Patent Box scheme, which provides corporation tax relief to innovators
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