Business tax

Tax / HMRC ramps up tax credit renewal reminders

HMRC has issued a reminder that taxpayers must renew their tax credits by 31 July, or risk having their payments stop, as part of a concerted campaign to ensure individuals take action

Tax / New EU rules on tax dispute resolution launched

This week marks the introduction of new EU rules designed to ensure quicker and more effective resolution of tax disputes between member states, in a push to offer more tax certainty for businesses and individuals experiencing double taxation issues

Tax / Tax updates: July 2019

In this month’s round up of tax news concerns over the number of unregulated tax agents, return of film fund tax breaks, small businesses account for largest percentage of tax gap, HMRC cracks down on fake phone calls and France tops list for providing unlawful tax breaks  

Tax / Construction sector faces reverse charge on VAT from October

Businesses reporting under CIS and VAT registered will have to pay VAT directly to HMRC instead of to the supplier when paying invoices for services provided across the construction and building sector when the reverse charge comes into force this autumn

Tax / Q&A: HMRC and employment related securities return

In our regular Q&A series, Croner Taxwise tax consultant David Woolley reviews the filing requirements for employer related securities returns and the importance of reportable events such as issues of unapproved shares

Tax / Childcare and tax: workplace nurseries – part 3

In part three of a series on childcare tax issues, Julie Clift CTA, specialist tax writer at Croner-i, examines the tax liability for employees using workplace nurseries   

Tax / Majority of SMEs unaware of £1m machinery tax break

Despite a temporary two-year increase in the annual investment allowance (AIA), nearly two thirds of UK SMEs are not aware of the £1m tax break, which has been criticised for being over-complex due to straddling periods

Tax / NHS chief calls for gambling tax to pay for addiction treatment

The head of the NHS has called for a mandatory tax for betting companies to help pay for treatment for gambling addicts

Tax / Small businesses worst offenders owing £14bn in tax

The amount of uncollected tax has hit £35bn, with small businesses accounting for the largest percentage of the tax gap at £14bn while VAT evasion remains a major drain on tax revenues, reports Sara White

Tax / Scotland vote for tax on workplace car parks

Scottish MSPs have voted through plans to introduce a parking tax for employers, which would see businesses charged for providing workplace car parking spaces for staff

Tax / Cryptocurrency and taxation in the Netherlands

The popularity of blockchain and its adoption by mainstream industry has focused international attention on the tax treatment of cryptocurrencies. Friggo Kraaijeveld, partner at Kraaijeveld Coppus Legal, examines how the Dutch tax authority treats crypto assets from personal tax to corporate income tax

Tax / HMRC updates guidance on income tax and NICs for NHS WATS courses

HMRC has updated guidance for NHS employees attending widening access training scheme (WATS) courses to explain changes from 1 September 2019

Tax / UK inward investment double Germany and France

Despite Brexit uncertainties, the UK attracted more foreign direct investment (FDI) than Germany and France combined in 2018, United Nations data shows

Tax / G20 finance ministers commit to digital tax policy by 2020

The G20 finance ministers have signalled their support for the OECD’s ‘two pillars’ approach to tackling global tax issues, and pledged to agree on the introduction of a digital tax by 2020

Tax / Tax liability for non-UK resident companies

The scope of the charge to tax on non-UK resident companies is not only complex but will soon have a broader reach following a series of rules introduced in Finance Act 2019. Paul Davies CTA ACA, tax writer at Croner-i, assesses the changes to tax on chargeable gains already effective and plans to extend this to income tax from 2020