Settlement of tax planning arrangements
HMRC is continuing in its efforts to increase tax collection and is putting pressure on businesses they consider to owe outstanding tax based on previous tax planning arrangements.
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Battle of the taxes – again
Every year in an attempt to encourage people completing a Self Assessment tax return to hit the 31 January deadline HMRC publishes analysis of the previous years’ returns.
Breaking up doesn’t have to be hard to do
It’s not just large companies which can use a demerger process to separate out their activities into distinct entities. Whatever size of business the principle is the same.
Penalties for enabling tax evasion
New regulations came into force on 1 January 2017 which mean Accountants, bankers, lawyers and other advisers who enable offshore tax evasion face tough new sanctions.
Tax hike to hit buy-to-let investors
Buy-to-let property owners are concerned about the impact of new tax arrangements which come into force from April 2017 which mean changes to income tax relief and stricter mortgage affordability checks.
The dog ate my tax return…
The deadline for self assessment tax returns is looming with a 31 January deadline. Here we take a look at some of the implausible excuses used for late filing that HMRC receives.
VAT post Brexit
Over recent years there has been considerable harmonisation of tax legislation, particularly in relation to VAT, across the European Union. However now there are plans to overhaul the SME VAT scheme to simplify the rules for small businesses, and attempt to harmonise EU VAT rates and measures to improve intra-EU transactions.
VAT’s life…
Value Added Tax should be a simple tax to administer, but it’s not, so the government has decided it’s time to review VAT’s scope and application.
Offshore structures and UK land development
Following a change to UK tax regulations, brought in through the Finance Bill 2016, profits from trading in or developing UK land using offshore structures are now within the scope of UK tax.
Taxing the gig economy
The gig economy has been in the news a lot this year with rise of Uber, Deliveroo, AirBnb and other companies that don’t have direct employees but rather use independent workers for specific tasks or services