Tax compliance

Tax / HMRC corrects error in tour operator VAT advice

HMRC has admitted to an error in its information about applying the tour operators margin scheme (TOMS), and has now published a correction and details of how businesses who have paid too much VAT from 1 March 2019 can correct the overpayment

Tax / HMRC does not understand small business tax concerns

Small business taxpayers feel that HMRC does not understand their needs and are worried that any mistakes will be perceived as intentional and result in penalties

Tax / UK high earners stung for more tax than European counterparts

The UK has lost the top spot as one of Europe’s low-tax jurisdictions, with top earners now paying 3% more tax than the European average

Tax / Self assessment records used to recover £818m in unpaid council tax

HMRC has released details of data sharing arrangements with local authorities where it is trialling self assessment and tax data exchange to clamp down on council tax debt

Tax / Google hit with €1bn French tax payment

The French government is claiming a ‘historic’ victory in a long running tax battle with Google, after reaching a €945m (£845m) settlement with the tech giant over tax fraud allegations

Tax / Ex NAO chief to lead independent review of loan charge

The former head of the National Audit Office (NAO), Sir Amyas Morse, will head up the independent review into the controversial loan charge, which has seen HMRC pitted against taxpayers who used disguised remuneration schemes over the last decade, and is set to report by mid November

Tax / CGT overhaul ‘to raise £90bn’

Bringing taxation on assets in line with the regime for income tax could raise £90bn over five years, according to a report from the Institute for Public Policy Research (IPPR) which is calling for the removal of the capital gains tax (CGT) regime

Tax / Glencore wins £51m transfer pricing tax appeal

Anglo-Swiss multinational mining group Glencore has won a A$92m (£51m) victory in a long-running transfer pricing dispute with the Australian Taxation Office (ATO)

Tax / Calls to suspend loan charge following PM’s revelation of a ‘thorough review’

Amid heated exchanges during Prime Minister’s Questions, Boris Johnson confirms review as MPs demand all loan charge settlements must be suspended until the results are known

Tax / OECD slams slowing tax reform progress

The pace of tax reforms has slowed across most leading economies and bolder tax reforms will be needed to address future challenges, according to a new OECD report

Tax / Tribunals force rethink on Scottish land tax penalties rules

An Upper Tribunal for Scotland ruling has highlighted administrative issues over the issue of penalty notices for Land and Buildings Transaction Tax late payments, but Revenue Scotland vows to continue charging daily penalties

Tax / Taxpayers struggling to pay want ‘simplicity, flexibility and accessibility’

Research reveals taxpayers who are facing difficulties with their tax bills have little or no awareness of help options, but believe HMRC should do more to promote available support and make more use of YouTube

Tax / HMRC’s approach to private residence relief (PRR) enquiries

HMRC is questioning the basis for more claims for private residence relief (PRR) than ever before as it eyes up opportunities to increase the tax take from property sales. Croner Taxwise senior tax consultant Neil Tipping highlights potential PPR pitfalls when selling houses and land

Tax / Tax filing deadlines: Sep-Dec 2019

The key HMRC filing deadlines from September to December 2019 including corporation tax second quarterly instalment payment for companies with annual taxable profits exceeding £20m, loan charge deadline for reporting to HMRC any disguised remuneration issues, and Making Tax Digital for VAT compliance deadline for deferred entry businesses

Tax / Q&A: annual allowance charge on pensions

In our regular Q&A series, Croner Taxwise tax advisor Alexandra Fielding considers the tax implications for high earners of exceeding the annual allowance limit of £10,000 on pension contributions
Subscribe