TAXline: March 2020
In this issue, Lindsey Wicks looks at the world of vehicles and taxes, Caroline Miskin explores the need for a single income tax IT system, Meg Saksida discusses why trust income and gains are taxed differently and Vicky Smallwood highlights accelerated reporting and payment for CGT from April.
Cover story: Taxing new vehicle purchases
Taxing a new car or van will depend on its eco credentials, and whether it’s defined as a car or a van, which is not always straightforward.
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Making Tax Digital
Before Making Tax Digital is mandated, shouldn’t we have a single income tax IT system for all?
OECD initiative on international corporate taxation
One and Pillar Two are OECD’s response for a need to address international tax reform for digital economies across the globe.
New rules on capital gains tax when selling UK residential property
From 6 April 2020, UK resident individuals, trustees and personal representatives selling UK residential property will need to report the disposal to HMRC.
Social security changes after the UK leaves the EU
How will social security changes affect cross-border workers after the UK leaves the EU?
Understanding taxing trusts
How and why trust income and capital gains are taxed differently.
