There are calls for the government to introduce a new special charity VAT rate on purchases, after a study found charities miss out on almost £2bn a year on irrecoverable VAT
Accountancy firms are warning that the reintroduction of HMRC’s status as a preferential creditor at the beginning of this month could have a significant impact on businesses’ ability to obtain finance, and risks compromising the economy’s recovery from the current pandemic
The UK’s biggest companies paid £84.1bn in tax during the 2019/20 financial year, the largest amount for a decade, in the run-up to the start of the Covid-19 crisis, according to research by PwC for the 100 Group of finance directors
This month's exclusive Accountancy Daily CPD module acts as a guide to the effective use of capital losses, covering what losses are allowable, their restrictions, tax efficiency and more
In our regular Q&A series, Croner Taxwise, senior VAT consultant, Hilary Budd, explores how Brexit will affect digital service providers using VAT Mini One Stop Shop (VAT MOSS) to account for VAT on sales to EU consumers
In this month’s round up of VAT cases, Graham Elliott considers genuine suppliers, MOSS submission failures, local authority sport centre supplies and charity building relief
As the third Self Employment Income Support Scheme goes live, Croner-i tax writer Stephen Relf ACA CTA unpicks the latest guidance from HMRC, warning of important differences with earlier grants
US tech companies such as Uber are to pilot a scheme to offer to pay some of their gig workers part of their wages in equity, rather than cash, in a move which the Securities and Exchange Commission (SEC) said mirrored changes in the modern workplace
The stark picture of an emerging ‘economic emergency’ painted by the Chancellor’s spending review has prompted predictions of significant tax rises in the year ahead, and potentially over the lifetime of this Parliament
In his November spending review, Chancellor Rishi Sunak has emphasised the UK currently faces an ‘economic emergency’, and revealed the economy is set to contract by 11.3%, the largest fall in over 300 years
HMRC signals time is running out for anyone who sold a second home during 2019-20 to declare it on their self assessment tax return and pay the capital gains tax (CGT) that is due
In our regular Q&A series, Croner Taxwise, tax adviser, Patrick O'Brian covers the specific conditions that need to be met for a Furnished Holiday Let (FHL) to qualify for tax benefits
The Association of Taxation Technicians (ATT) is calling for urgent guidance from HMRC to avoid people enduring an unpleasant tax hangover because of their ‘virtual’ Christmas parties this year, as traditional face-to-face events are put on hold because of Covid
As part of its recent set of tax policy announcements, the government has confirmed changes to the R&D tax credit regime for SMEs designed to reduce fraud and abuse
Following court rulings in the UK and Europe, payments made for the early termination of contracts are now liable to VAT, but HMRC is now looking back over past transactions, warns Irwin Mitchell’s Sarah Cardew
