Businesses need to remember to file their ERS (employment related securities) submissions on time as the number of penalties for late filings has risen by 15% since 2018

As part of measures to support businesses during the pandemic, the Chancellor announced a temporary three-year carry back relief on corporation tax trading losses. Paul Davies FCA, tax writer at Croner-i, explains

A Nationwide IT contractor has lost his second appeal against a £70,000 tax bill for work conducted at the bank and building society

HMRC has published details of its interpretation of the rules on the VAT liability of day care services provided by private bodies to vulnerable adults in England after the rejection of a Supreme Court appeal 

In our regular Q&A series, Paul Knott, VAT adviser at Croner Taxwise considers the VAT exemption rules when converting a commercial building to alternative use

HMRC has issued Spotlight 58 setting out why disguised remuneration using unfunded pension arrangements are considered as tax avoidance with tough penalties for promoters

The annual P11D submissions for benefits in kind and expenses will be affected by certain Covid-19 measures. Michael Hepburn, senior manager – employment tax at BDO, explains the key issues to consider

The Association of Taxation Technicians (ATT) is urging HMRC to take tougher action to combat ‘rogue’ advisers who inappropriately seek to maximise research and development (R&D) claims

HMRC has confirmed that it will continue to treat penalties on a risk based approach rather than automatically issuing penalties as was standard practice before the pandemic

Director’s loans can provide a useful mechanism, in the right circumstances, to release funds to shareholders, perhaps before dividends are due and sometimes in a more tax efficient way than drawing a salary out of a company. John McCaffery, tax partner and head of tax at Alexander & Co Chartered Accountants explains

A total of 519,120 VAT returns were filed late by businesses last year, up 13% from 459,190 the previous year, leaving many SMEs exposed to interest and penalties on their outstanding bills, warns UHY Hacker Young

Meg Wilson, tax writer at Croner-I, examines when HMRC can use discovery assessments, particularly in light of last month’s Supreme Court decision in R & C Commrs v Tooth [2021] BTC 15. It also highlights issues concerning discovery assessments that still require clarity