Tax compliance

Tax / £16m ‘Brexit boost’ to fund thousands more customs agents

Government sets aside more funding to help businesses train staff to handle customs regulations after the UK leaves the EU, but business urged to apply early before funds run out

Tax / Tax updates: September 2019

In this month’s roundup of tax case, Ingenious film scheme ruled tax avoidance at appeal, worker cannot claim tax relief on contractor travel expenses in Nowak, Hargreaves Lansdown loses £15m loyalty bonus tax case, Making Tax Digital confirmation notices and IR35 private sector off-payroll working guidance issued

Tax / Understanding the IR35 off-payroll liability chain

As the private sector prepares for the new IR35 rules next year, cracks are beginning to show but clear communication and a real understanding of employment law will help companies avoid expensive errors, explains Ranjit Dhindsa, employment partner at Fisherfield

Tax / HMRC probes pull in nearly £2bn from wealthy

Data from leaked documents as well as global information sharing agreements have helped boost the UK’s public coffers by £1.9bn following investigations into the tax affairs of wealthy individuals, according to law firm Pinsent Masons  

Tax / Norman coin haul ‘early form of tax fraud’

A millennium-old hoard of Norman cash reveals the earliest form of tax evasion, as detectorists dig up thousands of coins buried in a field during a time of political upheaval, unpopular leaders and conflict with Europe

Tax / PAYE coding mistakes hit savers, claims LITRG

The Low Incomes Tax Reform Group (LITRG) is warning taxpayers to check the accuracy of savings income figures shown in their PAYE Notices of Coding and tax calculations (P800 forms) to avoid overpaying tax

Tax / Taxpayer did not disclose full earnings in self assessment

A tax tribunal has rejected an appeal by a business owner who faced a tax investigation over discrepancies between his earnings and tax returns for his delivery company

Tax / Mid-sized businesses do not see tax compliance as priority

Mid-sized businesses do not see tax planning and compliance as a major priority for their businesses but more part of the everyday running of the business, with heavy reliance on accountants and tax agents to handle their tax affairs

Tax / HMRC trials online Trust Registration Service

HMRC is trialling additional functionality on the online trust registration service to make it easier to register and amend information about trusts, with the aim of launching a full service by year end

Tax / HMRC advisory fuel rates for company car users from 1 September

HMRC has published the latest advisory fuel rates (AFR) for company car users, effective from 1 September 2019 cutting standard 1400cc plus mileage rates by 1p per mile to reflect lower fuel costs

Tax / Q&A: liability for higher rate stamp duty land tax in property transactions

In our regular Q&A, Vivienne Cheung, tax advisor at Croner Taxwise, considers the compliance issues for the 3% higher rate stamp duty when two properties adjacent to each other are purchased by a married couple, one for residential use

Tax / First guidance on IR35 private sector off-payroll rules

HMRC has published its first detailed guidance on how new rules for off-payroll workers (IR35) will operate in the private sector when the responsibility for determining individual’s employment status moves to employers in April next year, reports Pat Sweet

Tax / Graduates overpay £28m in student loan errors

The government is holding more than £28m of overpayments made to the Student Loan Company (SLC) in error, as a result of repayments being deducted from individuals after they have paid off their loans in full

Tax / Worker cannot claim tax relief on commuting expenses

A man who had a series of temporary contracts working at different company sites has lost his appeal for tax relief on his travel expenses, on the grounds this was ordinary commuting

Tax / PAYE RTI penalties to remain risk-based

Following a review, HMRC has decided to continue the risk-based approach to PAYE late filing and late payment penalties for employers throughout the 2019/20 tax year with penalties due to go out from September