Don't miss out on our daily summary of what's happening in the world of accountancy. If you are a member you can change your contact preferences so it is delivered daily to your mailbox.
Displaying 1-10 of 90 results
Tax implications of the UK’s new freeports explained
- Article
- 04 Aug 2021
Eight new freeports offering significant tax incentives will start operating across England by the end of 2021. ICAEW’s Tax Faculty is hosting a free webinar for its members outlining the potential benefits and pitfalls for businesses.
Digital marketplaces to report sellers’ incomes to HMRC as early as 2023
- Article
- 04 Aug 2021
HMRC has confirmed that the UK will be adopting the expanded version of the OECD reporting rules for digital platforms, meaning that websites and apps will have to report the incomes of sellers of goods as well as personal services, potentially from January 2023.
HMRC enquiry is valid if taxpayer’s agent acts upon it
- Article
- 04 Aug 2021
In deciding the Tinkler case the Supreme Court has ruled that despite HMRC sending an enquiry notice to the wrong address, the taxpayer could not claim the enquiry was invalid as his tax advisers acknowledged the enquiry.
Tax news in brief
- Article
- 04 Aug 2021
Highlights from the broader tax news week ending 4 Aug, which includes: confirmation of closure of UK customs systems; updated guidance on cross-border NI and social security payments; OBR forecast requested for late October; and time limit to opt to tax land reverts to 30 days, but e-signatures remain.
Late change to turnover test for partnerships as SEISS claims portal reopens
- Article
- 29 Jul 2021
The claims portal for the Self-Employment Income Support Scheme has reopened for the fifth time, following subtle changes to the legislation covering the turnover test for partnerships.
Tax news in brief
- Article
- 28 Jul 2021
Highlights from the broader tax news week ending 28 July, which includes the opportunity to attend a free webinar from the Office of Tax Simplification updating on its work and confirmation from HMRC of which inheritance tax forms are not available online.
Will tax digitalisation drive universal filing?
- Article
- 28 Jul 2021
Huge changes to working practices over the past few years have reignited the debate on whether a universal filing process would help to better engage individuals with the tax system and help them to take more ownership of their affairs.
Scrap exemptions to simplify VAT rules, urges ICAEW
- Article
- 27 Jul 2021
ICAEW has reiterated its call for all VAT exemptions to be abolished in its response to HMRC’s consultation on how to simplify VAT rules related to land and property. It has also recommended the removal of all VAT options.
Into the void - registering as a tax agent in the UK
- Article
- 27 Jul 2021
Chris McCandless shares his experiences of the three months it took to register as a tax agent and suggests how HMRC could help practitioners understand what’s happening and remove some anxiety from the process.
Blurring boundaries, e-money accounts and the future of tax
- Podcast
- 22 Jul 2021
ICAEW’s Sophie Wales, Philippa Kelly and Lindsey Wicks join host Tom Herbert to discuss the boundaries between accountants’ personal and business lives, the fifth SEISS grant and the difference between e-money and bank accounts.
Displaying 1-10 of 90 results
