Business tax

Tax / Tax filing deadlines: Nov-Dec 2019

The key HMRC filing deadlines from November to December 2019 including second Making Tax Digital submission for end of relevant VAT quarter, one month if on payments on account, and corporation tax third quarterly instalment payment

Tax / Off-payroll working rules: is your company or LLP affected – part 1

An overhaul of IR35 tax rules for contractors in the private sector comes into force from 6 April 2020 when off-payroll working is extended to medium and large businesses, and LLPs. Julie Clift CTA, tax writer at Croner-i, explains how this will affect businesses hiring contract workers, with liability for income tax and PAYE shifting to employers

Tax / Cairn Energy faces further delay in Indian tax dispute

FTSE 250 oil explorer and producer Cairn Energy has announced another delay in its long-running dispute with the Indian government over a £1bn tax claim, which will now not be settled before next year

Tax / Threat to name and shame aggressive tax dodgers not working

A government commitment to name and shame aggressive corporate tax avoiders has failed to sanction a single company, new figures have revealed

Tax / HMRC pulls in extra £10bn from large business tax probes

HMRC has collected almost £10bn in additional tax as a result of investigations into the UK’s biggest companies, with £6bn coming from VAT payments and £2.6bn in underpaid corporation tax, according to research by Pinsent Masons

Tax / US makes first move towards beneficial ownership register

The US House of Representatives has passed the Corporate Transparency Bill, marking the first stage in a bid to clamp down on shell companies with opaque ownership

Tax / EU push for public country-by-country reporting by multinationals

Members of the European parliament have adopted a resolution urging member states to agree to new rules obliging multinationals to disclose publicly what taxes they pay in each country

Tax / HMRC clarifies IR35 rules for off-payroll workers

With six months to go until the IR35 rules for off-payroll workers in the private sector come into force, HMRC has set out its approach to the operation and enforcement of the new regulations

Tax / 100 days to self assessment tax return deadline

With 100 days to go before the 31 January 2020 deadline, HMRC is warning taxpayers to complete their tax returns early to beat the Christmas and New Year rush

Tax / Scotland plans plastic drinks cup tax

The Scottish government is to introduce a charge on single-use drinks cups in a bid to reduce the amount of plastic used

Tax / Panama papers lawyers sue Netflix over film portrayal

The two partners of the offshore specialist law firm at the centre of the Panama Papers leak have launched a defamation action against Netflix over a film made about the scandal, which is scheduled to be distributed on 18 October 

Tax / Intercompany agreements and transfer pricing

HMRC’s greater focus on transfer pricing is testing intercompany agreements to breaking point, explains Paul Sutton, founder of LCN Legal 

Tax / Isle of Man cleared over private jet VAT avoidance

There is no evidence of aircraft VAT avoidance in the Isle of Man but further compliance checks should be implemented, according to a Treasury review investigating allegations made in the Panama Papers

Tax / Digital services tax: what's wrong with the UK plan

Sarah Arnold, tax writer at Croner-i, explains the key objections to the draft legislation on the government's proposed digital services tax, due to come into force in April 2020, reflecting industry concerns about the complexity of the rules and lack of clarity in the draft legislation

Tax / Getting creative: tax relief for films and productions

An increasingly complex compliance regime for creative tax reliefs makes applying for the various grants and tax write-offs a challenge for the creative sector. Matt Appleton, national creative sector tax relief lead and Dougy Agnew, tax partner at RSM, explain what film producers and TV directors need to consider when making a claim
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