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Displaying 1-10 of 72 results
HMRC must improve low resolution rates, says ICAEW
- Article
- 11 Dec 2024
A joint report by ICAEW and the Chartered Institute of Taxation (CIOT) highlights the issues faced by agents in dealing with HMRC and makes 10 recommendations for improving HMRC’s customer services.
Residential land tax hike in Wales
- Article
- 11 Dec 2024
In its Budget for 2025-26, the Welsh government has announced that the rates of land transaction tax (LTT) for some purchases of residential property will increase by 1 percentage point.
Paying workers over the festive period
- Article
- 10 Dec 2024
HMRC has published guidance on applying real time information (RTI) and auto-enrolment rules to working arrangements over the Christmas holidays.
Tax news in brief 11 December 2024
- Article
- 10 Dec 2024
Highlights from the broader tax news for the week ending 11 December 2024, including: an evaluation of rent-a-room relief; a new HMRC tool relating to umbrella companies; and an update on freeports.
New HMRC tool for calculating overlap relief
- Article
- 09 Dec 2024
HMRC has published an online calculator that can be used to work out a sole trader or partner’s overlap relief figure for their 2023/24 income tax self assessment (ITSA) return.
ICAEW calls for changes to tax rules for EOTs
- Article
- 09 Dec 2024
ICAEW has urged MPs to consider widening the definition of “acquisition costs” in new legislation which seeks to address the tax implications where a company makes a distribution to an employee ownership trust (EOT).
Scottish Budget makes income tax changes
- Article
- 09 Dec 2024
The Scottish government has set out its tax plans for 2025 to 2026, announcing changes to the income tax starter and basic rate bands and an increase in the rate of the additional dwelling supplement for land and building transaction tax (LBTT).
The policy adviser’s perspective on VAT – evolution not revolution
- Article
- 04 Dec 2024
Mike Cunningham, former Deputy Director at HM Treasury, talks about the complexities of the UK VAT system and the ways it could be reformed to make it fairer for all.
The former minister’s perspective on VAT – Chancellors must pick their battles
- Article
- 04 Dec 2024
David Gauke, former government minister who held multiple ministerial posts in the Treasury, says that communication and timeliness around VAT reform are vital to its success.
The academic’s perspective on VAT – wholesale change is the only way forward
- Article
- 04 Dec 2024
Professor Rita de la Feria, Chair in Tax Law, University of Leeds, explains how using developments in technology and broadening the VAT base could bring significant improvements to the UK system.
Displaying 1-10 of 72 results