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 / HMRC offers free app for taxpayers to check basic details

HMRC is promoting a new app, with a quick guide for taxpayers on how to use the app to find information about their tax, national insurance, tax credits and benefits on the move, but has no plans to offer a free app for Making Tax Digital 

Tax / Self assessment pre-population API service for tax agents delayed

HMRC has delayed the rollout of pre-population APIs (application programming interfaces) which allow agents using tax software products to access client data while completing self assessment (SA) returns

Tax / Poor broadband speeds for one million poses Making Tax Digital difficulty

Over a million homes and offices still cannot get a decent broadband connection according to the latest analysis from industry regulator Ofcom, creating issues for HMRC’s plans for all businesses to move to quarterly online tax updates via its flagship Making Tax Digital initiative

Tax / Tax advisers need to update old Windows operating systems

HMRC is advising agents and accountants to update old Windows operating systems such as Windows 7 to ensure that client data is protected and cannot be breached by hackers, stressing that under HMRC Agent Standards advisers are responsible for protecting clients' data and confidentiality

Tax / Hallam: government anti-VAT fraud proposals have teeth

As the government seeks to curb online VAT fraud after additional measures were announced in the Budget, Nicholas Hallam considers what impact the policy might have

Tax / European Commission adopts extended VAT e-commerce rules

The European Commission has formally adopted VAT e-commerce rules which extend the existing ‘one stop shop’ for distance sales and reduce the cost for online businesses of complying with VAT obligations, with the aim of tackling the €5bn (£4.4bn) lost to fraud each year

Tax / Italy plans ‘web tax’ action

Italy has revealed plans to introduce a ‘web tax’, which is expected to bring in €114m annually via a 6% levy on digital sales made by technology companies to consumers based in the country

Tax / Budget 2017: key changes to company and private car taxation

MHA MacIntyre Hudson tax director Nigel Morris provides a detailed round up of the tax changes for cars, vans, fuels and electric vehicles following the Budget, including for diesel cars and driverless technology 

Tax / European Commission consults on digital taxation

The European Commission has launched a public consultation on how the EU can ensure that the digital economy is taxed in a fair and growth-friendly way, arguing that the current tax framework cannot capture activities which are increasingly based on intangible assets and data

Tax / HMRC’s email system hit by network issue

HMRC has announced that it is currently unable to send or receive emails, which has impacted its business helpdesks and taxpayer submissions, due to a network issue which is affecting a number of organisations in the UK

Tax / HMRC races to update IT system to handle dividend tax change

HMRC’s own computer systems have been unable to deal with the slew of changes to dividends and interest income introduced for the year ended 5 April 2017 so it is having to take swift action to address the problems, warn RSM head of tax risk and investigation Mike Down and tax manager Sarah Saunders

Tax / Warning of fake HMRC VAT email scam

Cyber criminals have been targeting UK taxpayers with fake VAT return messages claiming to come from HMRC which, when opened, could infect PCs with a Trojan virus and allow them to take over the victim’s computer, according to information security specialists Trustwave

Tax / HMRC stops one million visits to deceptive websites

HMRC has averted over a million visits to deceptive websites, including those which promote misleading and costly helpline numbers, with actions which include taking control of some dubious online links