Tax

Tax / HMRC challenged to investigate Ryanair’s ‘opaque’ crew payments

MPs have asked HMRC to investigate Ryanair and the agencies it uses to supply cabin crew, to ensure that they are paying at least the national minimum wage/national living wage (NMW/NLW) to all their staff, after the airline failed to supply answers about its payment practices to two select committees

Tax / Government launches Carillion support taskforce

The government’s newly formed taskforce set up to monitor and advise on mitigating the impacts of Carillion’s liquidation on construction firms has had its first meeting

Tax / EU to increase VAT rate flexibility and exemptions

The European Commission is proposing to give member states more flexibility to set VAT rates, and is to extend the VAT exemptions that exist for domestic companies to SMEs trading cross-border, in a bid to encourage business growth and compliance

Tax / Making Tax Digital software delays risk accounting period swap

The Association of Taxation Technicians (ATT) is warning that delays in releasing specifications for the software needed to file VAT returns digitally under HMRC’s Making Tax Digital initiative risk leaving some business facing a troublesome mid-accounting period change

Tax / Bull: robots could increase UK corporation tax rate to 25%

If the threat of robots taking people’s jobs in the future proves true then corporation tax must increase to offset the impact of reduced tax revenues from income tax and national insurance contributions (NICs), explains George Bull, tax partner at RSM

Tax / Withdrawal of VAT concession on sports club affiliation fees

HMRC is reminding taxpayers and sporting organisations that the concession enabling sports clubs to treat affiliation fees as exempt from VAT will be withdrawn with effect from 1 April 2018

Tax / Apple to pay $38bn Trump tax bill

Apple, already the largest US taxpayer, has said it anticipates making a one-off $38bn (£27.5bn) repatriation tax payment on profits currently held overseas as a result of President Trump’s recent changes to the tax regime, which it says would likely be the biggest of its kind ever made

Tax / HMRC simplifies claims for group relief for carried-forward losses

HMRC has released a policy note on changes to the rules for relief for carried-forward losses changed which are backdated to 1 April 2017 and are designed to simplify the arrangements for claims for group relief

Tax / HMRC offers support for businesses affected by Carillion liquidation

HMRC is providing practical advice and guidance to businesses affected by the Carillion liquidation through its Business Payment Support Service (BPSS), which can suspend any debt collection proceedings and review penalties for missing deadlines

Tax / HMRC urged to plug the gap on electric car charging

The Association of Taxation Technicians (ATT) is urging HMRC to issue guidance to employers and employees about a planned tax exemption for employer-provided electric car charging, including details of any exclusions or exceptions, which has not been included in the current finance bill

Tax / HMRC brushes off claims for aliens, chips and rabbits

Marital difficulties with visitors from outer space and an acute attack of vertigo were among the more outlandish excuses given to HMRC for not completing a tax return on time, while among the more optimistic expense claims made was one for birthday drinks in a Glasgow night club

Tax / Whiscombe: what's the chance of reforming VAT post-Brexit

VAT is a European construct so post-Brexit any government could have the freedom to reform this hugely complex and irrational VAT rating system, argues David Whiscombe CTA, partner at BKL

Tax / Apple pays additional £81m to HMRC

A week after its subsidiary Apple Europe Ltd paid an additional £136m to settle tax and interest payments with HMRC, another subsidiary of the US tech giant, Apple UK Ltd, has also revealed an additional tax and interest payment totalling £81m

Tax / Large business tax investigations taking longer to settle

HMRC investigations into large business tax affairs are becoming increasingly drawn out and are now taking almost three years to settle, according to analysis by Pinsent Masons

Tax / HMRC loses argument over VAT and taxable farming activities in Smart case

In the case of Frank A Smart & Sons Ltd [2017] CSIH 77, the appeal at the Scottish Court of Session focused on whether a farming company could reclaim VAT on the purchase of single farm payment entitlements (SFPEs). Croner Taxwise VAT consultant Julie Green considers the implications of the appeal judgment against HMRC
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