Personal tax

Tax / Homeworkers: are your expenses being reimbursed correctly?

For the growing number of employers with homeworkers, it is important to ensure that expenses paid for the likes of home insurance and extra heating costs comply with tax rules to avoid an unwanted HMRC inspection. David Redfern, director of DSR Tax Claims, provides some key pointers

Tax / Businesses need urgent clarity on IR35 private sector off-payroll rules

With six months to go until IR35 off-payroll rules for contractors are extended to the private sector, HMRC is coming under fire over the lack of detailed information about liabilities about employment status

Tax / Tax filing deadlines: Oct-Dec 2019

The key HMRC filing deadlines from October to December 2019 including notification of chargeability for income tax/capital gains tax for 2018-19 if not registered for self assessment, loan charge payment deadline and Making Tax Digital for VAT reporting for deferred entry businesses

Tax / Lack of understanding about tax spurs call for education

Accountancy professionals are calling for more education about tax, after research suggested most of the general public do not understand personal tax affairs, with young people in particular having only a very limited grasp of basic principles

Tax / Accounting changes add £17.8bn to government borrowing

The accounting treatment of student loans and a miscalculation in corporation tax revenue has led to a £17.8bn hike in government borrowing reveals analysis by the Office for Budget Responsibility (OBR)

Tax / Call for frequent flyer tax to tackle emissions

The government should introduce a frequent flyer tax on those who take the most flights as part of measures to ensure the UK meets its commitments to cutting carbon emissions

Tax / HMRC warns universities to protect students from tax scams

New students starting university this year could be targeted by a fresh wave of tax scams, HMRC has warned

Tax / BBC presenters lose in IR35 ‘chaos’

HMRC has won a First Tier Tribunal (FTT) case concerning the employment status of three BBC presenters who used personal service companies (PSCs), in an IR35 ruling involving over £300,000 in tax which threatens to add to the ‘chaos’ around how the employment rules should be applied

Tax / Amendments to rules on ‘UK property rich’ collective investment vehicles

HMRC is consulting on draft amendments to legislation about the taxation of UK property rich collective investment vehicles and their investors, which are designed to ensure the new rules work as intended

Tax / HMRC warning on double NICs' liability if no-deal Brexit

In the event the UK leaves the EU without an agreement, HMRC has warned that the current agreements to avoid double payment of the equivalent of national insurance contributions (NICs) in member states will be voided, affecting seconded employees

Tax / NZ move highlights cryptocurrency PAYE risks

In a first for a global tax authority, New Zealand has clarified the guidance for companies who pay staff in cryptocurrency and need to complete tax returns. Peter Stewart, associate at Cooke, Young & Keidan assesses the risks and compliance issues

Tax / Time to reform Gift Aid tax relief for charities

The Charity Tax Commission’s latest review of the charity tax system criticised the lack of accountability over Gift Aid which is costing taxpayers £5bn a year in tax breaks to charities. Croner-i lead tax writer Stephen Relf CTA FCA explains why Gift Aid reform is overdue

Tax / Nunn: do nudge taxes really work?

Yvette Nunn CTA asks whether the government’s efforts to change behaviour by putting taxes on everything from plastic bags to diesel vehicles, not to mention the apprenticeship levy on businesses, are an effective way of altering taxpayers’ mindsets

Tax / Q&A: hire purchase contract and capital allowances

In our regular Q&A series from Croner Taxwise, Alexander McCarthy explains when a claimed capital allowance is allowable in the event that a hire purchase agreement on a car has not been paid off

Tax / UK high earners stung for more tax than European counterparts

The UK has lost the top spot as one of Europe’s low-tax jurisdictions, with top earners now paying 3% more tax than the European average
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