Tax

Tax / 681,000 UK taxpayers forced to reschedule payments with HMRC

Well over half a million UK individuals and businesses are so far behind on their tax bills that they have been forced to reschedule their payments with HMRC, with the loan charge a factor

Tax / OECD tax reform attacked as ‘intensifying inequalities’

Campaigning groups are warning that OECD proposals designed to ensure multinationals pay the tax due in the territories in which they operate, will reduce profits booked in corporate tax havens by only 5%, and are likely to intensify global inequalities

Tax / Climate change protesters spray red paint at Treasury

Activists from Extinction Rebellion have splattered the Treasury with red dye as they lost control of a fire engine hose during a demonstration in Whitehall today

Tax / Contractors using PSCs at risk over IR35 rule change

Freelance contractors are warning of a potential ‘domino effect’ as some of the UK’s largest companies stop using off-payroll workers in advance of the introduction of new IR35 rules in the private sector next April

Tax / Last chance to register for online self assessment tax return for 2018/19

The deadline to register for an online self assessment tax return for 2018/19 falls this weekend on Saturday 5 October, so taxpayers need to act quickly

Tax / Parents warned on deadline for high-income child benefit charge

Saturday 5 October marks the deadline for those hit by the high-income child benefit charge (HICBC) in 2018-19 tax year to notify HMRC, so that they can receive a tax code adjustment

Tax / Dodwell: loan charge review requires judgment of Solomon

The Morse review of the loan charge needs to resolve the problem of disguised remuneration loan schemes effectively, particularly for those facing lower tax bills who entered the shemes without grasping the full tax implications, warns Bill Dodwell CTA (Fellow), head of the Office of Tax Simplification

Tax / Jim Harra named head of HMRC on interim basis

Jim Harra is to take over from former chief executive Jon Thompson as the head of HMRC on a temporary basis

Tax / Nunn: it's easy to get caught out by changes to property tax

Yvette Nunn examines the tax risks facing accidental landlords and second home owners when new tax rules on residential property sales come into force from April 2020

Tax / MHA Macintyre Hudson snaps up specialist VAT practice

Top 20 accountancy firm MHA MacIntyre Hudson has strengthened its VAT and travel teams with the acquisition of Martin Pooley’s accountancy practice, based in Norwich

Tax / Year end tax planning for companies - NEW CPD module

This month’s exclusive Accountancy Daily CPD module will look at year end tax planning for companies and how to carry out an effective pre-year end review of the company’s tax affairs

Tax / Chancellor plans £10.50 national living wage

The Chancellor has announced plans to increase the national living wage to £10.50 within five years and will reduce the age eligibility for the higher rate

Tax / VAT Q&A: Margin Scheme

In our regular Q&A series, Croner Taxwise VAT advisor Arti Sonpal explains how to use the Margin Scheme for the importation of collectors’ items

Tax / Legal updates: October 2019

In this month’s legal updates, Sophie Brookes, partner at law firm Gateley plc, considers failed tax claim in Stobart, whether interim accounts are acceptable for dividend distribution in Burnden Holdings and directors’ duties during a management buyout

Tax / VAT updates: October 2019

In this month’s VAT updates, Graham Elliott, director at City & Cambridge Consultancy, considers litigation costs in Newmafruit Farms, whether a diary is a book, zero rated grass seed, works for disabled people and child protection services
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