The Treasury has launched a review of the business rates. The government’s objectives are to reduce the overall burden on business, improve the current business rates system...
Clarification of the job
retention bonus has been published by HMRC. It confirms that the bonus will
be taxable, so businesses must include it as income when calculating...
Changes to the EU’s VAT rules,
in preparation for the end of the transition period with the UK, have been proposed by the European Commission. They amend the VAT Directive to...
HMRC received £5.2bn inheritance
tax during 2019-20, according to HMRC statistics. This is a decrease of 4%
(£223mn) on 2018-19 and is the first time inheritance tax...
Lurking among myriad policy
statements made on 21 July, the government announced that making tax digital (MTD)
would be extended to self-employed businesses and landlords with a...
Implementation of the reformed off-payroll working in the private sector will go ahead as planned next April, said HMRC and the Treasury in its response to the House of...
HMRC has set out how eligible taxpayers can obtain a refund or waiver of voluntary restitution under the disguised remuneration repayment scheme.The scheme is for taxpayers
who...
HMRC has launched a call for evidence document Tackling disguised remuneration tax avoidance. It asks for views on what drives the use of disguised remuneration schemes and the...
HMRC’s work to improve
taxpayers’ compliance with the tax system has achieved high rates of return,
according to a report from the National Audit Office (NAO). But the...
Finance BillThe government has published draft provisions to be included in Finance Bill 2020-21 together with explanatory notes, other supporting documents and consultations.Royal...
HMRC has made changes to
the way it operate the alternative dispute resolution (ADR) process.As a result of changes to the
tribunal rules, HMRC can now consider alternative dispute...
The chancellor has asked the Office of Tax Simplification (OTS) to undertake a review of capital gains tax and aspects of the taxation of chargeable gains in relation to...