Tax Online Blog

VAT news and cases roundup: September 2018

HMRC issues guidance on Brexit no-deal HMRC has issued a range of guidance notices informing the public and businesses of the implications of the UK leaving the EU without a formal withdrawal agreement. The government emphasises that this is unlikely given the progress of ongoing discussions. One of the notices concerns VAT implications for businesses. Read more

The Busy Practitioner: Pay up …sooner!

The government has made no secret of its approach that ‘sooner is better’ when it comes to tax receipts into the Exchequer. In particular, legislation is to be introduced (in Finance Act 2019) requiring UK residents to make a payment on account of capital gains tax (CGT) following the completion of a residential property disposal. The. Read more

One Month in a Minute: September 2018

PERSONAL TAXATION ATT update on SA filing exclusions and ‘specials’ The Association of Taxation Technicians (ATT) has published an article, to follow up on a ‘Talking Points’ webinar from HMRC in early August. HMRC runs two lists: Exclusions – where HMRC’s tax calculator algorithm will not calculate the liability correctly. In some cases, the return will be. Read more

September Online Service Updates

September Online Service Updates

What’s new in our plethora of tax online services? Steve Savory summarises the highlights. The second edition of A-Z of Business Tax Deductions was added to UK Tax during the month. For readers who are unfamiliar with it, the main part of this book, as the title suggests, provides detailed coverage of specific topics which. Read more

Tax Planning for Farm & Land Diversification

Tax Planning for Farm & Land Diversification

The publication of the fifth edition of Tax Planning for Farm & Land Diversification is extremely timely as the farming world approaches the uncertainties of Brexit and pure farming profits continue to struggle. There is thus clearly a need for diversification and alternative land use but the resultant tax position must be considered. Agricultural tax. Read more

Nothing to lose: HMRC statutory review as an alternative to appeals

Nothing to lose: HMRC statutory review as an alternative to appeals

With the House of Commons Treasury Sub-Committee looking at the conduct of tax enquiries and resolution of disputes, now is an opportune time to consider how clients can best be protected if they disagree with a decision HMRC has made about their tax. Most decisions by HMRC carry a right of appeal which the taxpayer. Read more

August Online Service Updates

August Online Service Updates

What’s new in our plethora of tax online services? Steve Savory summarises the highlights. The new 2018/19 edition of Tax Planning is particularly welcome at a time when it seems that tax practitioners are beset by an onslaught of technical and procedural change. As General Editor Mark McLaughlin remarks in his Preface to the new. Read more

The employment status minefield

The employment status minefield

Employment status is a hot topic with government consultations underway in 2018 on the issues of employment status and IR35 in the private sector. Add this to the changes that were made in IR35 in the public sector in 2017, the amendment to the agency legislation and subsequent reporting requirements that were imposed in 2014. Read more

Scottish taxes are far from simple

Scottish taxes are far from simple

Striving for simplicity Professional bodies such as ICAS have long campaigned for taxes to be simplified. But while taxpayers in Scotland pay a wide variety of disparate taxes, simplification is a concept that means different things to different audiences. Some taxes – such as inheritance tax, capital gains tax and (if you call them a. Read more

Successor company could only claim trading losses sustained by predecessor’s business after the succession

Successor company could only claim trading losses sustained by predecessor’s business after the succession

When a company purchased the share capital of another company in which losses had been incurred, ICTA 1988, s 343(3) provided that the purchasing company was only entitled to set those losses against trading income derived from the former business, not against the trading income of the entire enlarged trade. The appellant company ran department. Read more

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