Tax / IT head sets out digital tax priorities for HMRC

HMRC is focusing IT efforts on developing the Customs Declaration Service, Brexit transition and replacing the obsolete Government Gateway over the next two years, while the API development programme is at the heart of the rollout of Making Tax Digital. Sara White reports on HMRC's IT vision

Tax / Asquith: Making Tax Digital for VAT is only the beginning

HMRC has the technology to roll out Making Tax Digital faster, as with pre-approved invoicing in Italy and Spain, but is treading carefully, says Richard Asquith, vice president of global tax compliance at Avalara 

Tax / Making Tax Digital for VAT pilot now live for businesses

The pilot is intended to allow up to 500,000 businesses to get fully involved with Making Tax Digital (MTD) for VAT and test it in full ahead of the April 2019 introduction of the system

Tax / Making Tax Digital for VAT - practical examples

Stan Dencher, specialist tax writer at Croner-i examines some practical examples of how Making Tax Digital for VAT will change the way companies submit their quarterly VAT numbers via digital reporting from 1 April 2019

Tax / Avalara launches free Excel Add-In for Making Tax Digital for VAT

US software developer Avalara is set to disrupt the market with the launch of a free Excel extension for Making Tax Digital for VAT which will allow companies to upload Excel data directly into HMRC's VAT filing API using a Microsoft Add-In, reports Sara White

Tax / R&D tax relief claims soar to £3.7bn

Claims for research and development (R&D) tax relief have soared in recent years, reaching £3.7bn in 2015-16, an increase of 25% from the previous year, while so far £3.5bn has been claimed for 2016-17, according to the latest statistics from HMRC

Tax / HMRC under fire from MPs over biometric phone recordings

HMRC has been criticised by MPs regarding the standards of data protection it maintained while collecting biometric data on customers for security purposes, a process that generated complaints from taxpayers, at a PAC hearing into HMRC performance

Tax / ‘Game on’ for UK developers with tax incentive

The use of tax incentives to drive growth in the UK’s video game industry has risen by over 30% in the last year and is helping to reverse the sector’s decline in recent years, according to analysis by Moore Stephens

Tax / Labour mulls digital giant media tax

Labour leader Jeremy Corbyn has indicated his party is considering the introduction of new taxes on digital media providers in order to provide funding for more traditional media outlets including local newspapers and broadcasters and ensure a ‘free and democratic’ media

Tax / FCA consults on global financial innovation network

The Financial Conduct Authority (FCA) is consulting on plans to create a global financial innovation network (GFIN), in collaboration with 11 financial regulators and related organisations, which will build on its proposal earlier this year to create a ‘global sandbox’ for new concepts and finance models

Tax / ICAEW flags up inaccuracies in PAYE tax calculations

ICAEW is warning of early reports of issues with HMRC’s calculations of under or over payments as part of the commenced the annual reconciliation of taxpayers’ PAYE records for 2017/18

Tax / Making Tax Digital: are the software providers ready?

Making Tax Digital for VAT reporting will be mandatory from 1 April 2019, although there will be an initial soft-landing period before penalties kick in from early 2020. Rob Munro asks whether software providers are ready

Tax / Amazon’s UK tax bill halved as profits almost treble

News that Amazon’s UK tax bill almost halved last year to £1.7m, despite a near-trebling of profits at the online retail giant, has prompted renewed calls for changes to the tax regime for multinational digital companies

Tax / International law firm attacks HMRC over privacy concerns

Law firm Mishcon de Reya has filed a complaint with the Information Commissioners Office (ICO), citing concerns over the use of the common reporting standard (CRS) and beneficial ownership registers

Tax / Technology sees HMRC property raids drop 30%

There has been a 30% drop in property raids carried out by HMRC, as it shifts to using artificial intelligence (AI) and big data to gather evidence for investigations, according to analysis from Pinsent Masons.