Tax News

Continued Controversy Over Delayed IR35 Tax Reforms

June 28, 2020

The House of Lords has produced a damning report into the intended changes to the IR35 off-payroll working rules. In response to the ...

Twelve-Month Delay for IR35 Tax Reforms

May 28, 2020

Controversial changes to the IR35 off-payroll working rules have been shelved until April 2021, in response to the coronavirus ...

Dishonest Tax Evasion - Directors Cannot Hide Behind the Corporate Veil

April 22, 2020

Directors who are complicit in dishonest tax evasion cannot use the corporate veil to escape the consequences of their wrongdoing. The point was ...

Government Reviews Off-Payroll Rule Change Implementation

March 26, 2020

The government has launched a review into the implementation of forthcoming changes to the off-payroll working rules. Intended to address ...

Cricket Club Pays Price for VAT Zero-Rating Blunder on New Pavilion

February 13, 2020

The law relating to VAT zero-rating in connection with construction projects is highly complex and the consequences of making a mistake can be ...

Fraudster Warning From HMRC as Self-Assessment Deadline Looms

January 13, 2020

HM Revenue and Customs (HMRC) are warning self-assessment customers to be on alert for potential scams, as the 31 January tax return deadline ...

Computer Guru Wins Big VAT Rebate on Luxury Cars Used for Business

December 30, 2019

VAT can be reclaimed on motor vehicles that are used, and made available for use, solely for business purposes – but that can be extremely ...

Computer Guru Wins Big VAT Rebate on Luxury Cars Used for Business

December 30, 2019

VAT can be reclaimed on motor vehicles that are used, and made available for use, solely for business purposes – but that can be extremely ...

Twelve Month Reprieve on Construction Industry VAT Changes

December 10, 2019

The introduction of the new VAT domestic reverse charge for construction services, originally due this October, has been postponed until October ...

HMRC Threaten Investigation Over Disguised Remuneration Schemes

November 5, 2019

Sometimes, it is difficult to understand why many people don't seem to put as much effort into making profits as they do into trying to avoid paying ...

HMRC Threaten Investigation Over Disguised Remuneration Schemes

November 5, 2019

Sometimes, it is difficult to understand why many people don't seem to put as much effort into making profits as they do into trying to avoid paying ...

Ripped Off By a Crooked Employee? You May Be Entitled to Tax Relief

October 6, 2019

Losing money at the hands of a crooked employee is a sadly familiar experience for many businesses, but what are the tax consequences of such deceit? ...

Ripped Off By a Crooked Employee? You May Be Entitled to Tax Relief

October 6, 2019

Losing money at the hands of a crooked employee is a sadly familiar experience for many businesses, but what are the tax consequences of such deceit? ...

Construction Industry VAT Changes Ahead

September 1, 2019

Businesses in the construction industry are reminded that on 1 October 2019 the new VAT domestic reverse charge will come into force. This is being ...

HMRC Errors Lead to Loss of Tax

August 13, 2019

Although getting one's tax return right is to be recommended, there are many grey areas in tax and, when HM Revenue and Customs (HMRC) make mistakes ...

HMRC Errors Lead to Loss of Tax

August 13, 2019

Although getting one's tax return right is to be recommended, there are many grey areas in tax and, when HM Revenue and Customs (HMRC) make mistakes ...

Enabling Tax Non-Compliance

July 29, 2019

There are hundreds of thousands of companies in tax havens and the true commercial value added by them is probably trivial, whereas the tax avoided ...

Enabling Tax Non-Compliance

July 29, 2019

There are hundreds of thousands of companies in tax havens and the true commercial value added by them is probably trivial, whereas the tax avoided ...

Disguised Remuneration Clarification By HMRC

June 26, 2019

An attack by HM Revenue and Customs (HMRC) on 'disguised remuneration' schemes, wherein a director of a company takes money out of the company in the ...

Disguised Remuneration Clarification By HMRC

June 26, 2019

An attack by HM Revenue and Customs (HMRC) on 'disguised remuneration' schemes, wherein a director of a company takes money out of the company in the ...

Three Quarters of Firms Not Aware of Anti-Tax Evasion Law

June 11, 2019

A recent survey by HM Revenue and Customs (HMRC) shows that only one in four UK businesses are aware of the penalties they could face under the ...

Company Can Reclaim VAT on Director's Legal Bills

May 30, 2019

Companies understandably may wish to provide financial as well as moral support to their directors if they are facing litigation. However, the issue ...

Company Can Reclaim VAT on Director's Legal Bills

May 30, 2019

Companies understandably may wish to provide financial as well as moral support to their directors if they are facing litigation. However, the issue ...

Company Director Banned for Ignoring Obligation to Pay Tax

May 12, 2019

Directors of struggling companies all too often place payment of tax at the bottom of their priority lists, with the result that it is the public ...

Company Director Banned for Ignoring Obligation to Pay Tax

May 12, 2019

Directors of struggling companies all too often place payment of tax at the bottom of their priority lists, with the result that it is the public ...

Court Ruling Boosts HMRC's Cross-Border Powers

April 24, 2019

National boundaries pose little or no obstacle to tax evasion. The Court of Appeal made that point in an important ruling which has greatly boosted ...

Online Selling - What About the VAT?

April 4, 2019

It is often optimistically considered that trading on eBay and similar online sales platforms is effectively outside the tax system. That, of course, ...

Digital Filing - Bar Set High for Opt-Out

March 12, 2019

The 'making tax digital' project will require VAT-registered businesses to submit their VAT returns online from 1 April 2019 and to use accounting ...

Digital Filing - Bar Set High for Opt-Out

March 12, 2019

The 'making tax digital' project will require VAT-registered businesses to submit their VAT returns online from 1 April 2019 and to use accounting ...

Does Your Business Owe the Tax Man?

February 21, 2019

If your business is struggling to meet VAT and other tax payments on time, take advice quickly. The decision by the Government to restore 'Crown ...

Does Your Business Owe the Tax Man?

February 21, 2019

If your business is struggling to meet VAT and other tax payments on time, take advice quickly. The decision by the Government to restore 'Crown ...

Does a Director Need to File a Tax Return?

February 1, 2019

There is a widespread belief that every UK company director has to file a tax return. Indeed, the Government's own website suggests that being a ...

Does a Director Need to File a Tax Return?

February 1, 2019

There is a widespread belief that every UK company director has to file a tax return. Indeed, the Government's own website suggests that being a ...

All Change for VAT on Vouchers

January 15, 2019

If your business issues vouchers, you should be aware that the VAT regime will change significantly on 1 January 2019. From that time, the ...

Typhoon Disruption is Reasonable Excuse for Late Tax Payment

December 21, 2018

It is fair to say that HM Revenue and Customs (HMRC) take a hard line when it comes to non-payment or late payment of taxes due. Unless the taxpayer ...

Shareholders to be Liable for Company Tax?

November 29, 2018

One of the motivations for setting up a limited company is that the risk for the shareholders is limited to the investment they have made in the ...

VAT - 'Pay Now, Appeal Later' Rule Receives Supreme Court Blessing

October 24, 2018

Unless they can show that they would suffer hardship as a result, traders who wish to challenge assessments to VAT are first required to pay, or at ...

VAT - 'Pay Now, Appeal Later' Rule Receives Supreme Court Blessing

October 24, 2018

Unless they can show that they would suffer hardship as a result, traders who wish to challenge assessments to VAT are first required to pay, or at ...

Private Rental Landlords Facing Double Whammy

October 1, 2018

Tax changes that affect residential landlords have sparked a massive sell-off, with 133,000 rental properties likely to be sold in the next year ...

Tax Mitigation Scheme Failure Proves Disastrous

September 11, 2018

Collecting debts is often a long and arduous process, but the use of bankruptcy proceedings can be an effective means of bringing matters to a head. ...

Failure to Meet Criteria Means Loss Relief Denied

August 23, 2018

There are all sorts of things one can do with trading losses under Corporation Tax (CT), but the fall-back position is that losses can be carried ...

Failure to Meet Criteria Means Loss Relief Denied

August 23, 2018

There are all sorts of things one can do with trading losses under Corporation Tax (CT), but the fall-back position is that losses can be carried ...

Future Intention Leads to Tax Charge

August 2, 2018

The additional rate of Stamp Duty Land Tax (SDLT) is payable on purchases of 'additional dwellings' such as buy-to-let properties. A ...

Future Intention Leads to Tax Charge

August 2, 2018

The additional rate of Stamp Duty Land Tax (SDLT) is payable on purchases of 'additional dwellings' such as buy-to-let properties. A recent case ...

The Taxation of Termination Payments

June 28, 2018

The rules governing the taxation of termination payments have been tightened with effect from 6 April 2018 by means of legislation to amend Chapter ...

Guesswork Not Enough to Create Tax Liability

May 31, 2018

When HM Revenue and Customs (HMRC) suspect serious tax evasion, they will normally launch a full-scale tax investigation into the person they ...

Guesswork Not Enough to Create Tax Liability

May 31, 2018

When HM Revenue and Customs (HMRC) suspect serious tax evasion, they will normally launch a full-scale tax investigation into the person they ...

HMRC Reliance on Guidance Not Justified

May 14, 2018

The various VAT 'flat-rate' schemes were originally set up with the ostensible purpose of simplifying the VAT process for those using them, while ...

Son's Casual Employment Proves Expensive for Dad

April 25, 2018

One area in which problems may not be anticipated is when a family member's status as a 'genuine' employee is disputed by HM Revenue and Customs ...

Son's Casual Employment Proves Expensive for Dad

April 25, 2018

One area in which problems may not be anticipated is when a family member's status as a 'genuine' employee is disputed by HM Revenue and Customs ...

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