Tax compliance

Tax / Q&A: private residence relief and permitted garden area

In our weekly Q&A, Croner Taxwise tax adviser Ibrahim Nalla, examines the tax compliance issues around private residence relief when owners dispose of their main residence and have to account for garden sales

Tax / Changes to stamp duty for non-UK residents from 1 April

A special stamp duty land tax (SDLT) hike for non-UK residents comes into force from 1 April and could catch out some overseas based property purchasers. Natasha Heron, tax manager at Hillier Hopkins, explains

Tax / Tax rules for UK residents temporarily working in Guernsey clarified

The Revenue Service is advising people who have chosen to temporarily work for their UK employer from Guernsey during the pandemic that basing themselves in the island may have implications for their personal tax situation

Tax / File self assessment tax returns now to prevent penalties

Self assessment taxpayers have less than one week to submit their late tax returns by 28 February to prevent a £100 late filing penalty

Tax / Q&A: VAT construction domestic reverse charge

In our regular Q&A series, Croner Taxwise VAT adviser Tony Chamberlain, examines the rules on the construction domestic reverse charge and sets out VAT compliance requirements in five different scenarios

Tax / Navigating IR35 and the status determination system: part 2

With the off-payroll working rules due to come into effect from April, Michael Paulin considers how to advise a client on the tax status of someone who is not your client

Tax / HMRC big business investigations take up to four years

HMRC’s enquiries into big businesses’ tax affairs have now been open for an average of 45 months, up from 43 months last year as the tax authority struggles to clear a backlog of complex tax disputes, says law firm Pinsent Masons

Tax / Student loan thresholds set to rise from 6 April 2021

The thresholds for student loans will increase from the new tax year in April, affecting any employees paying off their academic fees, while interest rates remain at 9%

Tax / HMRC temporarily waives late payment penalties

Self assessment taxpayers will not be charged a 5% late payment penalty if they pay their tax or set up a payment plan by 1 April, HMRC has announced

Tax / Tax authority clarifies car tax rules for ultra low emission vehicles

HMRC has updated the car and car fuel benefit calculations to support government’s campaign to improve air quality and reduce road pollution

Tax / Time to rethink the high-income child benefit charge (HICBC)

Sarah Saunders, manager, private client services at RSM argues that the government needs to assess the threshold for the high-income child benefit charge (HICBC)

Tax / HMRC clarifies off-payroll working compliance rules

HMRC has published an issue briefing on its compliance approach for the changes to off-payroll working rules, commonly known as IR35, from 6 April 2021

Tax / Q&A: trade losses on incorporation

In our regular Q&A on technical tax issues, Kabita Tank, tax adviser at Croner Taxwise, explains incorporation relief compliance when a sole trader incorporates

Tax / Legal implications of IR35 off-payroll rules - part 1

Michael Paulin, tax barrister, assesses the implications of the changes to IR35 off-payroll rules for larger companies hiring contractors

Tax / Domestic VAT reverse charge effective 1 March

Ellen Main-Jeffrey, head of VAT services at accountancy firm Burgis & Bullock assesses the implications of new domestic VAT reverse charge