Tax / Q&A: pension deductions and tax relief at source

In our regular Q&A series, Croner Taxwise experts explain how to deal with pension opt outs in terms of relief at source and net pay pension schemes when auto enrolment and opt out spans a tax year

Tax / Case: DIY housebuilder wins VAT refund case

In Christopher Swales [2019] TC 007116, the First Tier Tribunal (FTT) reviewed the plans and planning permission for a new house, allowed the appeal and criticised HMRC's position that VAT was chargeable

Tax / VAT Q&A: 28-day rule and longer term Airbnb stays

In our regular Q&A series from Croner Taxwise, Janis Kirkham, VAT advice consultant, Croner Taxwise, considers VAT compliance issues relating to the 28-day rule for longer stays in Airbnb

Tax / Nunn: VAT surcharge decision highlights MTD penalty threat

Yvette Nunn CTA, director of Berkeley Associates, welcomes a sensible decision in the recent Farrell VAT surcharge case, but fears the tribunal system will not cope unless HMRC ditches automatic penalties when Making Tax Digital for VAT is in full force

Tax / Tax updates: May 2019

In this month’s tax updates, cases include Loose Women’s star IR35 win while Hustle actor’s Big Bad Wolffe company loses NIC appeal, a taxpayer’s unsolicited tax returns are rejected, HMRC wins £40m Hyrax case, IR35 private sector rules released, Treasury reports on loan charge, HMRC consults on PRR and multinationals face CFC clawback

Tax / VAT updates: May 2019

In this month’s VAT roundup of significant cases, Graham Elliott CTA (Fellow), VAT specialist at City & Cambridge Consultancy, considers the judgments in Praesto at the Court of Appeal and the CJEU judgment in Mydibel in respect of the capital goods scheme

Tax / VAT Q&A: charity event exceeds threshold

In our regular VAT Q&A series from Coner Taxwise, senior VAT consultant Hilary Budd looks at whether an event that raised money for charity but went over the VAT threshold could benefit from the fundraising exemption

Tax / Penalty perils for early enrolment for Making Tax Digital

Businesses that have already signed up for Making Tax Digital for VAT but are yet to file their latest VAT return need to act quickly to avoid possible penalties if they encounter problems making VAT payments on time, the Association of Taxation Technicians (ATT) is warning

Tax / VAT receipts up 4.8% to £34.5bn in Q1

HMRC has reported total VAT receipts for the first quarter of the year were £34.5bn, 4.8% higher than the same quarter last year, continuing a long-term upward trend

Tax / VAT Q&A: treatment of retained deposits after policy change

In our regular VAT Q&A series, Croner Taxwise VAT advice consultant Sally Atkins looks at how changes in policy have affected the VAT treatment of a deposit that is retained after an event is cancelled

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 / Deadline for export grants for Brexit preparation extended

The Treasury and HMRC have extended the deadline to end May for applications for an £8m government funding grant for customs and export related training due to ongoing Brexit uncertainty and low take-up

Tax / Accountants need single Agent Services Account for Making Tax Digital

HMRC has issued guidance for tax agents and accountants confirming that firms will need to create a single agent services account (ASA) for the whole practice to sign up clients to Making Tax Digital for VAT, stressing that once a client is signed up it is not possible to opt out of mandatory digital reporting

Tax / VAT Q&A: building materials or building services?

In our regular VAT Q&A series, Croner Taxwise adviser Arti Sonpal highlights that supplying building materials without providing constructions services results in VAT being charged at the standard rate of 20%

Tax / HMRC fires starting pistol on Making Tax Digital

Today, 1 April, marks the launch of HMRC’s flagship Making Tax Digital programme, designed to streamline tax administration, which requires 1.2m VAT registered businesses earning over £85,000 to keep their records digitally and submit online VAT returns