LATEST NEWS
Deadline looms for tax-evading electricians
Electricians have until 15 May to register to pay undisclosed tax and suffer only a minor penalty.
Under HMRC’s electricians tax safe plan, individuals pay outstanding tax and interest while incuring a fine ranging between an addtional 10% and 20%. The Revenue can usually demand up to 100% of the money owed and will undertake criminal investigation in the worst cases.
read more
Penalty notices sent to non-SA taxpayers
An HMRC error has led to 12,000 penalty warning letters being sent to taxpayers who have been removed from self assessment (SA).
The department says these individuals should ignore the notice: they will not have to pay a penny, and do not need to complete a return.
read more
IR35 given new business entity tests
HMRC have published guidance on business entity tests for the purposes of the intermediaries legislation, known as IR35.
It provides information about the department’s risk-based approach to checking compliance, and explains how taxpayers can work out which risk band they are in with the help of the new tests.
read more
Ruling leads to face-value vouchers revamp
Changes have been made to the VAT treatment of types of face-value vouchers.
The revamp, which will be included in the current Finance Bill and have retrospective effect to 10 May 2012, comes a result of the European Court of Justice (ECJ) decision in Lebara Limited v CRC (Case C-520/10),
read more
Penalty notices sent to non-SA taxpayers
An HMRC error has led to 12,000 penalty warning letters being sent to taxpayers who have been removed from self assessment (SA).
The department says these individuals should ignore the notice: they will not have to pay a penny, and do not need to complete a return.
read more
Penalty notices sent to non-SA taxpayers
An HMRC error has led to 12,000 penalty warning letters being sent to taxpayers who have been removed from self assessment (SA).
The department says these individuals should ignore the notice: they will not have to pay a penny, and do not need to complete a return.
read more
Tax Faculty concern over new Jelley letter
The ICAEW Tax Faculty has expressed anxiety about HMRC’s stance on Mansworth v Jelley losses, after reports revealed that the department is sending standardised letters to taxpayers pursuing a claim in respect of the case, despite many people having already sent a detailed reply to the Revenue's February request for claims to be withdrawn.
read more
Make CCCTB mandatory, says Brussels
The use of a common consolidated corporate tax base (CCCTB) should become mandatory after a transition period, according to the European Parliament in Brussels.
The measure was agreed by a resolution – approved by 452 votes, with 172 against and 36 abstentions – after the European Commission had proposed a voluntary scheme.
read more
Tax Faculty concern over new Jelley letter
The ICAEW Tax Faculty has expressed anxiety about HMRC’s stance on Mansworth v Jelley losses, after reports revealed that the department is sending standardised letters to taxpayers pursuing a claim in respect of the case, despite many people having already sent a detailed reply to the Revenue's February request for claims to be withdrawn.
read more
Deadline looms for tax-evading electricians
Electricians have until 15 May to register to pay undisclosed tax and suffer only a minor penalty.
Under HMRC’s electricians tax safe plan, individuals pay outstanding tax and interest while incuring a fine ranging between an addtional 10% and 20%. The Revenue can usually demand up to 100% of the money owed and will undertake criminal investigation in the worst cases.
read more
Penalty notices sent to non-SA taxpayers
An HMRC error has led to 12,000 penalty warning letters being sent to taxpayers who have been removed from self assessment (SA).
The department says these individuals should ignore the notice: they will not have to pay a penny, and do not need to complete a return.
read more
Scottish income tax achieves devolution
The Scotland Act has received royal assent, giving powers for the Scottish parliament to set a local rate of income tax different from that of the UK’s.
A new rate is expected to be introduced from 6 April 2016, and ITA 2007 will be amended to peg the income tax rate for Scotland’s taxpayers at ten percentage points below the main UK rate.
read more
Ruling leads to face-value vouchers revamp
Changes have been made to the VAT treatment of types of face-value vouchers.
The revamp, which will be included in the current Finance Bill and have retrospective effect to 10 May 2012, comes a result of the European Court of Justice (ECJ) decision in Lebara Limited v CRC (Case C-520/10),
read more
IR35 given new business entity tests
HMRC have published guidance on business entity tests for the purposes of the intermediaries legislation, known as IR35.
It provides information about the department’s risk-based approach to checking compliance, and explains how taxpayers can work out which risk band they are in with the help of the new tests.
read more
Tax Faculty concern over new Jelley letter
The ICAEW Tax Faculty has expressed anxiety about HMRC’s stance on Mansworth v Jelley losses, after reports revealed that the department is sending standardised letters to taxpayers pursuing a claim in respect of the case, despite many people having already sent a detailed reply to the Revenue's February request for claims to be withdrawn.
read more
Deadline looms for tax-evading electricians
Electricians have until 15 May to register to pay undisclosed tax and suffer only a minor penalty.
Under HMRC’s electricians tax safe plan, individuals pay outstanding tax and interest while incuring a fine ranging between an addtional 10% and 20%. The Revenue can usually demand up to 100% of the money owed and will undertake criminal investigation in the worst cases.
read more
Tax Faculty concern over new Jelley letter
The ICAEW Tax Faculty has expressed anxiety about HMRC’s stance on Mansworth v Jelley losses, after reports revealed that the department is sending standardised letters to taxpayers pursuing a claim in respect of the case, despite many people having already sent a detailed reply to the Revenue's February request for claims to be withdrawn.
read more
Make CCCTB mandatory, says Brussels
The use of a common consolidated corporate tax base (CCCTB) should become mandatory after a transition period, according to the European Parliament in Brussels.
The measure was agreed by a resolution – approved by 452 votes, with 172 against and 36 abstentions – after the European Commission had proposed a voluntary scheme.
read more
Scottish income tax achieves devolution
The Scotland Act has received royal assent, giving powers for the Scottish parliament to set a local rate of income tax different from that of the UK’s.
A new rate is expected to be introduced from 6 April 2016, and ITA 2007 will be amended to peg the income tax rate for Scotland’s taxpayers at ten percentage points below the main UK rate.
read more
Scottish income tax achieves devolution
The Scotland Act has received royal assent, giving powers for the Scottish parliament to set a local rate of income tax different from that of the UK’s.
A new rate is expected to be introduced from 6 April 2016, and ITA 2007 will be amended to peg the income tax rate for Scotland’s taxpayers at ten percentage points below the main UK rate.
read more
Scottish income tax achieves devolution
The Scotland Act has received royal assent, giving powers for the Scottish parliament to set a local rate of income tax different from that of the UK’s.
A new rate is expected to be introduced from 6 April 2016, and ITA 2007 will be amended to peg the income tax rate for Scotland’s taxpayers at ten percentage points below the main UK rate.
read more
Make CCCTB mandatory, says Brussels
The use of a common consolidated corporate tax base (CCCTB) should become mandatory after a transition period, according to the European Parliament in Brussels.
The measure was agreed by a resolution – approved by 452 votes, with 172 against and 36 abstentions – after the European Commission had proposed a voluntary scheme.
read more
Ruling leads to face-value vouchers revamp
Changes have been made to the VAT treatment of types of face-value vouchers.
The revamp, which will be included in the current Finance Bill and have retrospective effect to 10 May 2012, comes a result of the European Court of Justice (ECJ) decision in Lebara Limited v CRC (Case C-520/10),
read more
Deadline looms for tax-evading electricians
Electricians have until 15 May to register to pay undisclosed tax and suffer only a minor penalty.
Under HMRC’s electricians tax safe plan, individuals pay outstanding tax and interest while incuring a fine ranging between an addtional 10% and 20%. The Revenue can usually demand up to 100% of the money owed and will undertake criminal investigation in the worst cases.
read more
IR35 given new business entity tests
HMRC have published guidance on business entity tests for the purposes of the intermediaries legislation, known as IR35.
It provides information about the department’s risk-based approach to checking compliance, and explains how taxpayers can work out which risk band they are in with the help of the new tests.
read more
Make CCCTB mandatory, says Brussels
The use of a common consolidated corporate tax base (CCCTB) should become mandatory after a transition period, according to the European Parliament in Brussels.
The measure was agreed by a resolution – approved by 452 votes, with 172 against and 36 abstentions – after the European Commission had proposed a voluntary scheme.
read more
Ruling leads to face-value vouchers revamp
Changes have been made to the VAT treatment of types of face-value vouchers.
The revamp, which will be included in the current Finance Bill and have retrospective effect to 10 May 2012, comes a result of the European Court of Justice (ECJ) decision in Lebara Limited v CRC (Case C-520/10),
read more
IR35 given new business entity tests
HMRC have published guidance on business entity tests for the purposes of the intermediaries legislation, known as IR35.
It provides information about the department’s risk-based approach to checking compliance, and explains how taxpayers can work out which risk band they are in with the help of the new tests.
read more
