Business tax

Tax / HMRC releases contractor factsheet on IR35 rules

HMRC has updated its guidance on the extension of existing off-payroll working rules (IR35) to the private sector, scheduled for April, with a new contractor factsheet setting out the changes

Tax / One in five apprentices paid below national minimum wage

Companies hiring apprentices are failing to pay the correct hourly rate with 19% of employers not following national minimum wage rules while the number of apprenticeships has dropped dramatically since the launch of the apprenticeship levy

Tax / Norton Motorbikes faces £300k tax bill

Classic motorbike brand, Norton, was in the insolvency court this week to try to resolve a dispute with HMRC over a demand for hundreds of thousands in tax

Tax / HMRC penalties hit £816m for late payment

Fines issued by HMRC have surged in value by nearly a third in the past three years, rising significantly faster than the amount of tax collected

Tax / Off-payroll working rules: IR35 and status determination statements - part 4

David Blumenthal, partner at Clyde & Co explores how the new IR35 rules will affect the private sector, with a close look at employees providing their services to organisations through a personal service company (PSC) and status determination statements (SDS)

Tax / Government launches limited review of IR35 rule changes

The government has launched a four-week review of the changes to IR35 off-payroll working rules scheduled to come into force in April, in the light of mounting criticism about the way they will operate 

Tax / Tax changes to look out for in Budget 2020

Stephen Relf CTA FCA, lead tax writer at Croner-i, casts his expert eye over likely changes to the rules, rates and allowances for taxes for the March Budget

Tax / News Corp wins VAT dispute at Upper Tribunal

HMRC has lost an appeal at the Upper Tribunal over zero rated VAT on digital newspapers with the publishers of The Times arguing that digital versions of its newspapers are not a service

Tax / UK financial services pays record £75.5bn taxes

The UK financial services sector handed over £75.5bn in taxes last year, a shade more than the previous year’s record total, but corporation tax receipts have declined for the first time in five years, according to a report published by the City of London Corporation

Tax / Q&A: annual investment allowance (AIA)

In our regular Q&A series from Croner Taxwise, Vivienne Cheung examines how to calculate the amount of annual investment allowance (AIA) a company can claim, under the £1m cap

Tax / Google to repatriate intellectual property tax status to US

Google owner Alphabet has signalled it intends to amend its international tax strategy, in line with the OECD’s proposals to require that profits are taxed in the locations where they are created

Tax / HMRC warns 90k tax returns need clerical review

With the self assessment deadline looming, HMRC has issued a special agent update on the topic to help with last minute technical questions to avoid falling foul of over complex tax code

Tax / IR35 rules for intermediaries - CPD module

This month's exclusive Accountancy Daily CPD module focuses on the IR35 rules for intermediaries which control the tax status of contractors for both the public and private sector

Tax / Tax rules on company mobile phones clarified

HMRC has issued guidance on the tax rules for company mobile phones for employers

Tax / Tax filing deadlines: Jan - Jun 2020

The key HMRC filing deadlines including personal self assessment filing deadline and corporation tax third quarterly instalment payment for accounting periods ended 31 Dec