Stephen Relf, CTA, FCA, lead tax writer at Croner-i, examines the impact of the government’s plans to change the taxation year for sole traders and partnerships
Following consultation, the government has set out details of the forthcoming regime for asset holding companies (AHCs) to encourage inward investment by changing tax liability
With the government’s review of tax administration, the Chartered Institute of Taxation (CIOT) calls to create a tax system that is much simpler for taxpayers to navigate
Complex VAT compliance rules on land and property could be simplified as the government issues a consultation on reform of the current rules to help developers
The Treasury has launched a review into the effectiveness of the Office of Tax Simplification (OTS), the body tasked with proposing ways to simplify the overly complex UK tax system
The Treasury has released a consultation on plans to introduce a residential property developer tax on certain profits from residential development activity, designed to raise £2bn
The US is considering taking action against a number of countries including the UK due to use of digital services taxes which primarily hit giant multinationals such as Amazon and Google
As part of the government’s 10-year strategy to modernise the tax administration system, it is considering whether to change current tax payment timings in a move to more frequent, in-year tax calculation and payment
The government is consulting on plans to make professional indemnity insurance mandatory for tax advisers in a bid to improve standards and protect taxpayers
Owners of second homes will have to ensure they are renting out their properties for a minimum of 140 days a year if they cut their tax liability by registering for business rates
The government is strengthening HMRC powers as part of a raft of measures to clamp down on promoters of tax avoidance, with plans to be able to strike off directors for tax avoidance with the threat of two-year prison sentences
The government has published a series of tax documents and consultations in a move to strengthen policymaking and help create a more trusted, simple and modern tax system on its first Tax Day
The government has announced a consultation into possible expansion of the enterprise management incentives (EMI) scheme to ensure it provides support for high-growth companies
