Tax / FTT decision defines DOTAS scheme ‘promoter’

A First Tier Tribunal (FTT) has refused an unusual application by HMRC for an order that a scheme included ‘notifiable’ arrangements under disclosure of tax avoidance schemes (DOTAS) rules, on the grounds that the adviser who provided administration services for the scheme was not a promoter, as HMRC claimed, under the terms of the legislation

Tax / No deal Brexit risk to UK travel companies over TOMS VAT issue

Any UK travel-based businesses operating in the EU after 29 March 2019 could see changes to their VAT accounting under the tour operators margin scheme (TOMS)

Tax / Q&A: self assessment tax return penalties

Angela Robson, tax consultant at Croner Taxwise, outlines and explains what penalties will apply to individuals who failed to file their self assessment tax return before the 31 January deadline

Tax / Overseas property buyers face 1% stamp duty surcharge

HMRC and the Treasury have issued a 12-week consultation looking at how a 1% increase to stamp duty land tax (SDLT) for non-UK residents, including companies and trusts, purchasing residential property would work, with proceeds of the surcharge going towards measures to tackle rough sleeping

Tax / Soft landing for Making Tax Digital for VAT will allow 'cut and paste'

With less than 50 days to go until Making Tax Digital for VAT becomes mandatory for businesses registered for VAT, HMRC has confirmed that companies will be able use a 'cut and paste' approach during the one-year soft landing before companies need to use digital links 

Tax / Inheritance tax liabilities: valuing farm machinery

Accurate probate values are key to assessing inheritance tax (IHT) liabilities on farms, especially when they include development potential or working machinery. Julie Butler FCA, partner at Butler & Co explains the tax implications

Tax / Structures and buildings capital allowance ‘too complex’

The government should consider simplifying its planned structures and buildings allowance (SBA) designed to encourage investment in the construction and renovation of commercial buildings, as the current proposals are too complex, CIOT has said

Tax / HMRC flags ‘phoenixism’ tax avoidance schemes

HMRC has issued a warning about so-called ‘phoenixism’ tax avoidance schemes that try to avoid an income tax charge for shareholders on distributions when winding up a company, and has detailed reasons why attempts to get around the new rules will not work

Tax / Middlesbrough FC boots HMRC claim out of court

Middlesbrough football club has been cleared of failing to pay staff the national minimum wage (NMW), after winning its case against HMRC at an employment tribunal, which found that the deductions made at the request of the employees to spread the payments for season cards were permitted under the legislation

Tax / Harry Potter actor fails in £1m tax refund appeal

Harry Potter star Rupert Grint has failed in his latest attempt to claim a £1m tax refund, after an Upper Tribunal ruled the actor was not able to change his accounting date in the way he had intended, because his accounting records did not support the necessary requirements

Tax / HMRC toughens stance on debt recovery

HMRC is making widespread use of powers to deduct tax debts owed directly from the earnings of individuals, with 428 people having cash taken straight from their pay packets in 2017/18, according to research from UHY Hacker Young

Tax / VAT Q&A: sub-letting surplus office premises

In our regular VAT Q&A series, Croner Taxwise adviser Priyesh Mistry considers the VAT treatment of sub-letting surplus space and the option to tax rules

Tax / HMRC criticised over ‘unacceptable’ workplace culture

HMRC is to take immediate action to improve its workplace culture, after a highly critical independent report found widespread examples of unacceptable behaviour, and said many of the processes designed to support employees require urgent improvement

Tax / 700,000 taxpayers miss self assessment deadline

A record 93.68% of self assessment tax returns were completed by yesterday’s midnight deadline, with 700,000 taxpayers filing last night, according to HMRC

Tax / Call for rethink on first time buyers relief

HMRC reports more than 241,000 first time homeowners have pocketed the cash they would have spent on stamp duty land tax (SDLT), saving a total of £570m since first time buyers relief (FTBR) was introduced, but the Association of Accounting Technicians (AAT) has branded the scheme ‘costly and bureaucratic’