Tax compliance

Tax / Online marketplaces to sign agreement tackling VAT fraud

HMRC wants all online marketplaces operating in the UK to sign an agreement to ensure their sellers understand the tax rules and to help tackle online VAT fraud and errors taking place on their platforms, with estimates suggesting a tax loss of between £1bn and £1.5bn in 2016 to 2017

Tax / Tax data: CGT data, HMRC rates of interest - May 2018

Download the HMRC CGT indexation allowance for December 2017 onwards, RPI Index for March 2018 and HMRC rates of interest, and the current stamp duty land tax (SDLT) and land and buildings transaction tax (LBTT) rates, and more

Tax / Committee questions HMRC’s willingness to investigate companies

The Treasury committee has addressed claims that HMRC refused to investigate Lycamobile as part of a French tax investigation which suspected the company of money laundering and tax fraud, with the committee questioning the tax authority’s willingness to investigate economic crime

Tax / Increased tax bill on termination payments hits employers and employees

The tax and national insurance contribution (NIC) treatment of termination payments has always been an area which employers have struggled to deal with correctly, and over recent years HMRC has looked to simplify the rules, but the latest changes have made the process even more complicated, says Lee Knight is employer solutions director at RSM

Tax / HMRC Connect and tax investigations: what you need to know

HMRC Connect is a vast analytical tool creating links and patterns across millions of megabytes of data to identify recalcitrant taxpayers and close the tax gap. Rob Munro delves into the detail

Tax / OECD addresses excessive interest rate deduction by mining multinationals

The OECD is inviting feedback on a draft practice note designed to help tax authorities in developing countries address profit shifting from their mining sectors via excessive interest deductions by multinationals

Tax / Nunn: extending tax relief on training costs

Yvette Nunn, director of Berkeley Associates, discusses the current HMRC consultation on whether tax relief on work-related training costs should be extended to the self-employed as the same service is being offered

Tax / Apple to pay €13bn of back taxes to Ireland from May

The Irish government has reached a deal with tech giant Apple to collect the €13bn (£11.4bn) of disputed back taxes from next month, after the European Commission previously found that Ireland granted the company illegal tax benefits

Tax / HMRC warning on sugar tax registration deadline

HMRC is reminding soft drinks businesses that they have only a few days left to meet the 30 April 2018 registration deadline for the soft drinks industry levy (SDIL) or ‘sugar tax’

Tax / Dodwell: Brexit transition will not be straightforward

Bill Dodwell, partner and head of tax policy at Deloitte considers the tax risks of the provisional agreement on Brexit transition and the various tax directives which will need to be adopted by the UK during this period

Tax / Annual tax on enveloped dwellings: what you need to know

The revaluation of the annual tax on enveloped dwellings (ATED) could potentially bring more properties within scope due to the continuing growth of property prices. Lindsey Wicks, tax writer at Croner-i, outlines the implications of the tax for high value residential properties

Tax / Complex disputes driving up tax tribunal backlog

The number of outstanding tax disputes waiting to be heard by the UK tribunals has continued to rise, as the high profile crackdown on tax avoidance by HMRC continues

Tax / Taxpayer rights under Human Rights Act explained

HMRC has issued factsheet CC/FS9 on the individual rights of taxpayers who are facing penalties for non-compliance with tax rules, focusing on article 6 of the European Convention on Human Rights

Tax / Accountants face increased HMRC demands for client information

HMRC requests to accountants and other advisers for confidential information on clients it wants to investigate for suspected tax crimes has hit a new high, with over 1,500 production orders issues last year, according to professional services firm RPC

Tax / The Christa Ackroyd case and the IR35 lottery

Peter Rayney FCA CTA thinks BBC presenter Christa Ackroyd had rough justice in her recent IR35 case, Christa Ackroyd Media Limited v HMRC [2018] TC06334], over disputed income tax and NIC liabilities through her personal services company