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Displaying 1-10 of 16 results
HMRC consults on a change to the reformed penalty system
- Article
- 21 May 2024
Draft regulations allow HMRC to assess the second penalty for late payment before the tax has been paid in full.
HMRC should delay plans for employers to provide more data
- Article
- 21 May 2024
The current start date of 5 April 2025 does not give employers and others enough time to prepare to give more detailed information on employees’ hours to HMRC.
Special tax sites postcode reporting burdensome says ICAEW
- Article
- 21 May 2024
Draft regulations requiring employers in freeport and investment zones to report workplace postcodes may deter claims for national insurance contributions (NIC) relief.
ICAEW welcomes updates to HMRC’s standard for agents
- Article
- 20 May 2024
The standard for agents has been updated to highlight it does not override duties set out by an agent's professional body. It does not impose additional requirements on agents who meet PCRT standards.
Wanted: ideas to reform UK VAT
- Article
- 20 May 2024
ICAEW is seeking research proposals by 30 June 2024 for simplifying the UK’s VAT system, with a £5,000 prize for the winning entrant.
Taxpayers let down by poor HMRC service, says NAO
- Article
- 15 May 2024
The National Audit Office (NAO) has found that HMRC’s increased digital offering has not delivered the expected savings or improved services for taxpayers. The government has promised more funding for HMRC.
Tax news in brief 15 May 2024
- Article
- 14 May 2024
Highlights from the broader tax news for the week ending 15 May 2024, including: new guidelines for compliance to help with capital allowances claims; suggestions from the IFS on how to reform IHT; and a reminder for exporters on the move to the CDS.
HMRC rejects ‘brightline’ test for furnished holiday lets (FHLs)
- Article
- 13 May 2024
In response to ICAEW’s letter on the abolition of the FHL regime, HMRC has confirmed that the boundary between property letting and trading will be judged on the facts and by reference to case law.
HMRC confirms VAT treatment of voluntary carbon credits
- Article
- 13 May 2024
With effect from 1 September 2024, the sale of voluntary carbon credits will be standard-rated where the place of supply is the UK.
ICAEW publishes Q&As on the cash basis for traders
- Article
- 10 May 2024
In TAXguide 04/24, ICAEW’s Tax Faculty answers the questions raised during a recent webinar on the changes to the cash basis for the self-employed and partners.
Displaying 1-10 of 16 results