In this issue, Anita Monteith considers how the government might bring forward tax payment dates, Neil Warren considers the VAT treatment of a range of business expenses and staff perks and Dean Needham explains how the timing of investment expenditure can affect the level of tax relief available.
Access 2021 editions of TAXline, the Tax Faculty's monthly magazine, providing analysis from experts on a range of tax issues, including VAT, inheritance tax and Making Tax Digital, as well as practical tips for practitioners, important deadlines and dates and the latest news from the faculty.
In this issue Rebecca Benneyworth examines growing complexity in the tax system, Marc Levitt provides an update on family investment companies and Karen Eckstein outlines risks and opportunities when buying or selling a professional services firm.
In this issue, Steve Wade explains why there are difficult decisions ahead on the route to a straightforward tax system, Stephen Yates reviews a new income tax annual published by Claritax Books and Mark McLaughlin looks at the cautionary tale of Mr Khan, where a company purchase of own shares had unexpected and expensive tax consequences.
In this issue, Kate Upcraft shares her advice for the remaining few months of the Coronavirus Job Retention Scheme, Andy Tall examines the changes to the penalty regime for late VAT and ITSA returns and Jonathan Schwarz reviews Automatic Exchange of Information Handbook by John Hiddleston.
In this issue, Lindsey Wicks provides a summary of key measures outlined in Finance Bill 2021, Anita Monteith explains the importance of HMRC’s call for evidence and creating a tax system fit for the future and Richard Jones assesses the recently announced tax incentives available for freeports around the UK.
In this issue, Sophie Wales explains the application of ethics to tax work, Richard Jones considers the various March 2021 Budget announcements and ICAEW’s Head of Tax Frank Haskew and independent adviser Martin Wheatcroft talk to Sarah-Jayne Russell and reflect on recent announcements and challenges facing the Chancellor.
In this issue, Chris Sanger examines the VAT policy challenges for the sharing economy identified by the Treasury, Neil Warren reveals why tax advisers need to be aware of the VAT deregistration rules and Elizabeth Ward-Booth and Anthony Crewe reconsider the definition of permanent establishments in the light of increased remote working.
In this issue, Richard Jones reviews the Tax Faculty’s Budget representations, Lindsey Wicks looks at planned rule changes and Sean Randall explains why the new SDLT surcharge may apply even when the taxpayer is resident for other taxes.
In this issue, Katy Rabindran reflects on the First-tier Tribunal decision in Hadee Engineering Co Limited v HMRC, Jane McCormick shares her experience of the global digitisation of taxes and Howard Royse provides an update on HMRC’s March 2020 consultation on construction industry scheme abuse.
In this issue, Frank Haskew shares his thoughts on what happened in 2020, Lindsey Wicks looks at the tax checks that will apply to the renewal of certain licences from 4 April 2022 in England and Wales and Mark McLaughlin highlights a potential pitfall for inheritance tax business property relief purposes.