Tax compliance

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sporting organisations that the concession enabling sports clubs to treat affiliation fees as exempt from VAT will be withdrawn with effect from 1 April 2018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

Tax / Water companies told to turn off taps on offshore havens

Environment secretary Michael Gove has signalled his intention to crackdown on water companies using offshore tax structures, suggesting they should take steps to ensure their tax planning arrangements meet the standards for responsible behaviour, or face further regulatory challenge

Tax / Overhaul of corporation tax payments for companies with £1.5m plus profits

Meg Wilson CTA, tax writer at Croner-i, explains the key payment dates for corporation tax payments for the largest businesses with profits in excess of £1.5m as new rules reducing the payment period are set to come into force from 1 April 2019

Tax / IRS updates personal withholding tax rates for US taxpayers

The US Internal Revenue Service (IRS) has released Notice 1036, updating the income tax withholding tables for 2018 reflecting changes to personal tax rates made by the US tax reform legislation enacted in December

Tax / East London venue hosts self assessment party

On 23 January the Book Club in Shoreditch is hosting a self assessment party, providing free tea and coffee and chilled out tunes for those who are working away to meet the 31 January filing deadline

Tax / Rental interest restriction - potential tax pitfalls for buy-to-let owners

It is important to remember that you could easily become a higher rate tax payer as a result of the mortgage interest relief restriction interest restriction, particularly relevant to buy-to-let owners, warns Lisa Macpherson, head of tax technical at PKF Francis Clark

Tax / Apple pays extra £136m tax after HMRC audit

Tech giant Apple has paid an additional £136m in tax and interest payments to the UK tax authorities following an ‘extensive audit’ by HMRC, according to records filed at Companies House

Tax / Case: ‘special allowance’ for decommissioning rejected in Mouk

Marathon Oil UK (MOUK) had its appeal against special allowance for decommissioning dismissed as the First Tier tribunal ruled that expenditure had to be incurred directly on plant and machinery 

Tax / Case: no legitimate expectation based on HMRC manual

A claim for judicial review was dismissed as the court found that there was no legitimate expectation created by a HMRC manual and therefore it was fair for HMRC to insist rules were applied