HMRC has opened a consultation into exploring ways to tackle those who deliberately abuse the insolvency regime in trying to avoid or evade their tax liabilities, including through the use of phoenix companies.
As of this month the Fulfilment House Due Diligence Scheme opens for registration to help combat the abuse of VAT rules by online traders based outside the European Union (EU).
From William Pitt the Younger’s income tax to pay for weapons and equipment for the Napoleonic Wars through to increasing duties on cigarettes and alcohol and now a sugar tax to influence people’s behaviours, successive UK governments have frequently used taxation as a political tool.
Following judgements in four European court cases HMRC has made some immediate changes to its policy on the VAT exemption available for cost sharing groups.
HMRC is encouraging charities to remind people to tick the Gift Aid box on their donations so they don’t miss out on £600m extra funding.
HMRC has updated its VAT guidance to sellers which sets out the sellers’ VAT obligations if they use an online marketplace to sell goods in the UK.
HMRC has won a tax avoidance case potentially worth £55 million after businesses issued loan notes as bonuses to avoid tax.
HMRC is requiring online marketplace operators, such as Amazon, ebay and Gumtree to carry out checks to ensure sellers are paying the correct amount of VAT.
HMRC has provided a guide that provides an overview of its view of tax arrangements for offshore assets and income. Here we take a look at their advice and provide our take on their top ten tips.
Residential safety products and services are currently taxed at 20% but there is a view that they shouldn’t be given they are essential requirements that can save lives. A petition has been lodged on the UK Parliament’s website to try and make them VAT zero-rated.