HMRC

Tax / Dodwell: loan charge review requires judgment of Solomon

The Morse review of the loan charge needs to resolve the problem of disguised remuneration loan schemes effectively, particularly for those facing lower tax bills who entered the shemes without grasping the full tax implications, warns Bill Dodwell CTA (Fellow), head of the Office of Tax Simplification

Tax / Jim Harra named head of HMRC on interim basis

Jim Harra is to take over from former chief executive Jon Thompson as the head of HMRC on a temporary basis

Tax / MHA Macintyre Hudson snaps up specialist VAT practice

Top 20 accountancy firm MHA MacIntyre Hudson has strengthened its VAT and travel teams with the acquisition of Martin Pooley’s accountancy practice, based in Norwich

Tax / VAT updates: October 2019

In this month’s VAT updates, Graham Elliott, director at City & Cambridge Consultancy, considers litigation costs in Newmafruit Farms, whether a diary is a book, zero rated grass seed, works for disabled people and child protection services

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 / No replacement named as HMRC chief Jon Thompson steps down

The head of the HMRC, Sir Jon Thompson, is due to take up his new job as chief executive of the Financial Reporting Council (FRC) at the beginning of October but has not been replaced at the tax authority

Tax / HMRC loses sight of argument in Koolmove case

In this First Tier Tribunal case, the appellant Koolmove Ltd appealed against the denial by HMRC of amounts of input VAT claimed for pre-incorporation legal services. Aleem Islan, technical consultation manager at AAT, examines the ruling and the reasons for HMRC’s loss of the case

Tax / VAT Q&A: renovation of an empty dwelling

In our regular VAT Q&A series, Croner Taxwise VAT adviser Tony Chamberlain examines whether reduced rate VAT is chargeable on renovation work on a bungalow which has lain empty for more than two years

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 / Wholesalers top HMRC’s £13m deliberate tax defaulters list

HMRC’s latest quarterly list of deliberate tax defaulters is topped by three wholesale suppliers, each of which paid over £1m in penalties for underpaid tax, while fast food outlets, hairdressers, hauliers and grocery shops also feature among the more than one hundred ‘named and shamed’ businesses found to be owing some £13m

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 / HMRC does not understand small business tax concerns

Small business taxpayers feel that HMRC does not understand their needs and are worried that any mistakes will be perceived as intentional and result in penalties

Tax / Chancellor warned over Treasury insolvency ‘cash grab’

Leading business groups and insolvency experts have written to the Chancellor to warn that plans to prioritise repayments to HMRC over repayments to other creditors in insolvencies ‘will have serious consequences for the UK economy’

Tax / HMRC corrects error in tour operator VAT advice

HMRC has admitted to an error in its information about applying the tour operators margin scheme (TOMS), and has now published a correction and details of how businesses who have paid too much VAT from 1 March 2019 can correct the overpayment

Tax / One in 10 employees do not receive a payslip

Around one in 20 workers report not receiving any holiday entitlement, and almost 10% do not receive a payslip, according to the Resolution Foundation
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