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Displaying 1-10 of 99 results
Estimated tax gap increases to £35bn
- Article
- 17 Sep 2021
HMRC figures released for the pre-pandemic period of 2019/20 show a £2bn increase in the estimated tax gap, largely attributable to an increase in the VAT gap. ICAEW’s Tax Faculty analyses the key data.
OTS provides valuable insights on changing the tax year
- Article
- 15 Sep 2021
The Office of Tax Simplification has highlighted the benefits of a tax year aligned with the calendar year or a month-end. While cautioning against an immediate change the report suggests that it is not too early to start some long-term planning.
Uncertain tax treatment rules still complex and confusing, warns ICAEW
- Article
- 15 Sep 2021
Draft legislation and guidance implementing the government’s plans for large businesses to report uncertain tax positions will introduce additional complexity and not provide the clarity taxpayers need, according to ICAEW’s Tax Faculty.
New tax avoidance promoter rules could be clearer, says ICAEW
- Article
- 15 Sep 2021
Draft legislation aimed at tackling promoters of tax avoidance schemes includes subjective terms and tests which are open to interpretation, says ICAEW. The terms should be amended or HMRC guidance created outlining its interpretation to avoid confusion.
More information on new plastic packaging tax
- Article
- 15 Sep 2021
HMRC has published additional support for businesses that manufacture and import packaging to help them understand whether they need to register and are liable for the plastic packaging tax from April 2022.
Tax news in brief
- Article
- 15 Sep 2021
Highlights from the broader tax news week ending 15 September, which includes: applications open for three deputy judges for the UTT; income tax exemptions for players and officials at Euro 2020 and UEFA Super Cup matches in the UK; HMRC combines group VAT registration forms VAT50 and VAT51; and the UK and Switzerland agree deal on social security payments.
Border controls for incoming goods from the EU postponed again
- Article
- 14 Sep 2021
The coronavirus pandemic, global freight transport costs and other pressures on agri-food supply chains are cited as reasons for a further delay to introducing border controls for incoming goods from the EU.
COVID sick pay rebate scheme ends on 30 September
- Article
- 10 Sep 2021
The government scheme enabling small businesses to recoup statutory sick pay costs due to coronavirus will end at the end of the month, and any outstanding claims must be made by 31 December 2021.
Furlough numbers drop to lowest level since start of pandemic
- Article
- 10 Sep 2021
Around 340,000 people have moved off furlough across the UK over the course of July, according to HM Treasury, as the UK economy continues to rebound and businesses reopen.
Government to fast-track rules enacting healthcare levy
- Article
- 10 Sep 2021
Legislation enacting the health and social care levy is set to to be voted through by MPs just seven days after the new tax was announced.
Displaying 1-10 of 99 results
