Tax planning

Tax / Call for joined up tax reporting deadline extensions

In the wake of the pandemic, businesses have been given extensions for tax filing and company reporting, but there is still confusion between HMRC and Companies House deadlines. Crowe’s corporate tax partner Laurence Field calls for a more joined up approach

Tax / Treasury Committee discusses tax reforms post Covid

MPs have been told that possible tax reforms post Covid, coupled with increased digitalisation could save accountants from spending their lives ‘doing pointless repetitive tasks’ such as calculating tax returns

Tax / VAT-registered businesses urged to prepare for Brexit trading changes

HMRC has written to all VAT-registered businesses in Great Britain trading with the EU and/or the rest of the world, highlighting what they need to do to prepare for the UK’s exit from the EU at the end of this year

Tax / How EMIs can help boost staff pay

Enterprise Management Incentive schemes can be a real bonus when a business is struggling through difficult times. BLM’s Matthew Poli shows how such schemes can be an attractive alternative to retaining talent

Tax / What does the future hold for payroll after the Covid-19 pandemic?

National Payroll Week this year is an opportunity to recognise the unique challenges faced by all payroll professionals in the form of the Coronavirus Job Retention Scheme (CJRS), explored by Joanne Harris, technical commercial manager at Parasol

Tax / IR35 delay leads to blanket ban U-turn

The delay to the private sector IR35 roll-out has encouraged more employers to ‘get it right this time around’, with staffing companies reporting that over a third of hirers (35%) were making a U-turn on non-PSC decisions

Tax / Preferential creditor change creates headache for rescue remedies

As HMRC regains its position at the front of the creditor queue, Ashford’s Katie Farmer and Amy Gallimore explain the impact on corporate insolvencies, including CVA challenges and cash flow crises

Tax / SDLT cuts: benefits for couples and buy-to-let

The coronavirus stamp duty holiday for property buyers could give potential savings to married couples, civil partners and buy-to-let landlords, say RSM’s George Bull and Chris Etherington

Tax / Is a wealth tax on the cards?

A new wealth tax in the UK, to support the NHS and social care, cannot be ruled out, following suggestions from the US to introduce a new charge on billionaires, says Blick Rothenberg’s Nimesh Shah

Tax / Private pension withdrawal age to be raised

The Treasury has confirmed that the minimum private pension age will increase from 55 to 57 in 2028, meaning that savers in late forties and those younger will now need to wait two years longer before accessing their pension

Tax / Q&A: work on goods for export

In our regular Q&A series from Croner Taxwise, senior VAT consultant, Vivienne Scott explores what conditions need to be met for work on goods for export to be zero-rated

Tax / VAT updates: September 2020

In this month’s VAT updates, Graham Elliott reviews uncertainty in EU distance selling ruling, the importance of checking customers’ residency, rent variations and electronic literature

Tax / Regulating advisers will reduce R&D tax relief abuse

As HMRC concludes consultation on the abuse of research & development tax relief at the end of August, ABGI-UK’s Scott Henderson calls for the regulation of advisers at a time when the UK needs to be globally competitive

Tax / £9bn in corporation tax overpaid by UK businesses last year

UK businesses overpaid at least £9.1bn in corporation tax in the last year (year end 31 March), up 12.4% from £8.1bn the previous year, said UHY Hacker Young

Tax / An uncertain matter of death and tax

As questions are raised over the future of inheritance tax, Crowe’s Tom Elliott reviews the possible options and asks whether it is a tax that should be laid to rest