Tax compliance

Tax / Dividends and distributable profits: part 7

In the seventh of eight articles investigating the detail of dividends and distributions, Croner-i tax and accounting writer David Duvall focuses on unlawful distributions and charity subsidiaries

Tax / HMRC urges taxpayers affected by flood to get in touch

Business owners affected by flooding should contact HMRC’s Business Payment Support Service (BPPS) for help with tax problems, while BEIS is offering help through business recovery grants

Tax / Rangers EBT tax bill was inflated by HMRC

Two years after the Supreme Court decision on the employee benefit trusts (EBT) dispute over unpaid tax by the old Rangers Football Club (Rangers oldco), HMRC has slashed the tax due by £26m from the original £90m bill

Tax / Property rental tax compliance essentials

Emma Rawson, technical officer at the Association of Taxation Technicians (ATT) explores how the rent a room scheme and property income allowance affect rental income for residential landlords and property owners

Tax / Rising self employment erodes income tax take

The amount of income tax being paid is declining in every region of the UK as a growing proportion of the workforce becomes self employed

Tax / Missing trader VAT fraud and input tax recovery

Croner-i tax writer Sarah Kay looks at cases of carousel fraud and what HMRC can do to clamp down on the issue of VAT evasion on goods, by either disallowing input tax recovery or enforcing the domestic reverse charge

Tax / Bacs dates for 2020 confirmed

The retail payment authority Pay.UK has issued dates for 2020 Bacs processing deadlines, taking into account bank holidays

Tax / Q&A: LLP self assessment tax returns

In our weekly Q&A series from Croner Taxwise, tax consultant David Woolley explains the ins and outs of HMRC requirements when filing annual tax returns for a new limited liability partnership whose accounts straddle different tax years

Tax / Pension tax pitfalls - lifetime and annual allowances

Staying on top of the pensions tax rules is an important part of managing a pension. But the provisions can be disconcertingly complex. Karen Goldschmidt, partner at LCP, unpicks some of the tax complexity surrounding the annual and lifetime allowances

Tax / EU plans overhaul of cross-border VAT rules

The EU is set to tighten VAT rules to improve fraud detection in cross-border e-commerce transactions and simplify requirements for SMEs

Tax / Dividends and distributable profits: part 6

In the sixth of eight articles looking at how to avoid the pitfalls of dividends and distributions, Croner-i tax and accounting writer David Duvall looks at the often complex relationship between parent and subsidiary companies

Tax / SARs stop £131m money laundering

Criminals have been prevented from accessing £131.7m in the past year, as the number of defence against money laundering (DAML) requests rose sharply, the National Crime Agency (NCA) says

Tax / What you need to know: high income child benefit charge (HICBC)

Stephen Relf ACA CTA, senior tax writer at Croner-i, explains the tax implications of the high income child benefit charge (HICBC) from calculating the adjusted charge net income and advantages of claiming child benefit but opting out of actual payments to protect state pension

Tax / Loan charge payment deadline should be scrapped

In a scathing report, members of the Loan Charge All-Party Parliamentary Group (APPG) have demanded an urgent delay and suspension of the loan charge, and for HMRC to suspend related accelerated payment notices (APNs)

Tax / HMRC hunting £612m in R&D tax relief repayments

HMRC is trying to recover over half a billion pounds in questionable research and development (R&D) tax relief underpayments claimed by large UK businesses