Tax / Treasury consults on extension of Money Laundering Directive to tax advice

The Treasury has issued a consultation on plans to introduce the EU’s Fifth Money Laundering Directive into UK law, which will bring tax advice into the remit for the first time 

Tax / EU mulls VAT changes for financial services

There are signs that the EU could be about to reconsider the VAT treatment of financial and insurance services, removing their exemption, partly because of recent changes to cost-sharing arrangements, and the challenges of taxing the digital economy

Tax / HMRC consults on changes to private residence relief

HMRC is consulting on changes announced at Budget 2018 to lettings relief and the final period exemption, which extend private residence relief (PRR) in capital gains tax (CGT), as well as some technical aspects of the PRR rules

Tax / Employment tax updates: April 2019

In our monthly roundup of employment tax developments, Jackie Hall CTA, FCA, TEP, partner, RSM, reviews the consultation on plans to introduce IR35 off-payroll working rules for the private sector, plus PAYE tax codes for 2019-20 confirm £12.5K personal allowance

Tax / Consultation on tackling abuse of SME R&D relief

The government is consulting on changes to research and development (R&D) tax reliefs, first announced at Budget 2018, which are intended to prevent abuse of the small or medium sized enterprise (SME) scheme

Tax / Consultations: April 2019

This month's HMRC and Treasury consultations focus on extension of IR35 rules to the private sector, draft legislation on capital allowances for non-residential buildings, Scotland's devolved tax policy framework

Tax / Scottish government consults on devolved tax policy framework

The Scottish Government is consulting on a new approach to the planning, management and implementation of the fully devolved taxes in Scotland, with the aim of bringing greater transparency and efficiency to the process, and broader engagement with taxpayers and the accountancy profession

Tax / Spring Statement 2019: draft legislation on capital allowance for non-residential buildings

As part of the Spring Statement, HMRC and the Treasury have published a consultation seeking views on draft legislation for non-residential structures and buildings capital allowance, which provides relief on eligible construction costs incurred on or after 29 October 2018

Tax / Spring Statement 2019: government to publish raft of consultations

The Spring Statement’s written ministerial statement outlines 13 consultations, draft regulations and call for evidence documents which are due to be published in the coming months, including regulations for maturing child trust funds and a consultation on extending private residence relief in capital gains tax (CGT)

Tax / Facing up to the tax challenges of the global digital economy

An overhaul of the taxation of highly digitised multinationals would challenge long-held conventions on taxable presence and profit allocation if OECD proposals were to go ahead. Jeff VanderWolk, partner at Squire Patton Boggs, examines the viability of the latest OECD consultation on the tax challenges of the digitalisation of the economy

Tax / OECD digital tax for multinationals criticised over double taxation risk

OECD plans to radically change the global tax framework to introduce a unilateral approach to taxation of digital services have been criticised over the broad reach of the proposals, risks of double taxation and potential to be the first step towards turnover tax, reports Sara White

Tax / HMRC consults on IR35 extension to private sector

HMRC has opened a 12-week consultation into proposals to extend the IR35 off-payroll working rules to the private sector from April 2020, in a bid to enable individuals and organisations to prepare for the changes, which have attracted considerable controversy since they were announced at Budget 2018

Tax / Consultations: March 2019

This month's HMRC, Treasury and OECD consultations focus on stamp duty land tax (SDLT) for non-resident property purchasers, electronic sales suppression and artificially reduced profits, tax challenges of the multinationals and the digitisation economy, and the plastic packaging tax 

Tax / HMRC consults on plans to be preferential creditor in insolvencies

The government has announced the first public consultation on plans to make HMRC a secondary preferential creditor for certain tax debts paid by employees and customers on the insolvency of a business, which have been branded a ‘cash grab’ by R3, the insolvency and restructuring trade body

Tax / Consultation on tax regime to curb plastic packaging production

The Treasury and the Department for Environment, Food and Rural Affairs are consulting on proposals first announced at Budget 2018 to introduce a new tax on the production and import of plastic packaging with less than 30% recycled content, in a bid to encourage greater reduction in the use of plastic