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Latest Tax News for the UK Accountancy Profession

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Accountancy Age - Corporate

  • No Greece tax comparison, says new CIoT president

    No Greece tax comparison, says new CIoT president

    Accountancy Age THE INCOMING PRESIDENT of the Chartered Institute of Taxation has expressed concerns over tax comparisons between Greece and the UK in both the media and public arena. Speaking at CIoT's annual general meeting in Westminster…
    Published - 4 days ago, 17 May 12, 8:54am
  • Tax: Don't go back in the future

    Tax: Don't go back in the future

    Accountancy Age IT HAS BEEN a rather uncertain time for taxpayers in recent months, with changes and new rules seemingly introduced without warning. The crackdown on tax planning structures used by Barclays earlier this year saw tax legislat…
    Published - 5 days ago, 16 May 12, 3:12pm
  • Did Panorama uncover the whole tax truth?

    Did Panorama uncover the whole tax truth?

    Accountancy Age TO WATCH PANORAMA on Monday would suggest to most that big business (one pharmaceutical in particular) wasn't paying its fair share of tax. That Luxembourg is a country of featureless office blocks where fictitious businessme…
    Published - 6 days ago, 15 May 12, 10:09am
  • Major UK businesses in secret Luxembourg tax deals

    Major UK businesses in secret Luxembourg tax deals

    Accountancy Age SECRET TAX DEALS were struck between large UK-based companies and Luxembourg in order to minimise tax liabilities, according to the BBC's Panorama programme. Documents obtained by the programme show plans were made to shift p…
    Published - 10 days ago, 11 May 12, 10:07am
  • French face billions in tax payout after ECJ ruling

    French face billions in tax payout after ECJ ruling

    Accountancy Age THE EUROPEAN COURT OF JUSTICE has ruled that the French rules exempting domestic investment funds from withholding tax breach EU law. EU and US-based institutional investors argued that such rules contravene EU law and amount…
    Published - 10 days ago, 11 May 12, 8:55am
  • HMRC IR35 guidelines draw criticism

    HMRC IR35 guidelines draw criticism

    Accountancy Age THE SERIES OF TESTS and scenarios released by HM Revenue & Customs "fails to take into account key elements of advice" provided by small business representatives invited by the Treasury forum to discuss the issue. HMRC "had m…
    Published - 11 days ago, 10 May 12, 10:42am
  • HMRC sets out IR35 stall with new tests

    HMRC sets out IR35 stall with new tests

    Accountancy Age A SERIES OF TESTS to gauge the status of workers has been released by HM Revenue & Customs. The IR35 legislation is designed to prevent people who use intermediary companies to sell their services from being better off than i…
    Published - 11 days ago, 10 May 12, 9:37am
  • ICAS queries Scotland’s tax devolution in paper

    ICAS queries Scotland’s tax devolution in paper

    Accountancy Age THE CRITERIA for paying tax in Scotland once tax powers are devolved from Westminster to Holyrood has been questioned in a paper entitled Scotland's Future: What tax system would Scotland want? published by ICAS. The Scotland…
    Published - 12 days ago, 9 May 12, 9:34am
  • ECJ ruling could set withholding tax precedent

    ECJ ruling could set withholding tax precedent

    Accountancy Age A WITHHOLDING TAX RULING is to be handed down from the European Court of Justice (ECJ) and could lead to investment funds making similar claims against countries across Europe. The ruling concerns the French withholding tax r…
    Published - 13 days ago, 8 May 12, 3:32pm
  • DLA Piper in Royal Mail VAT case against HMRC

    DLA Piper in Royal Mail VAT case against HMRC

    Accountancy Age DLA PIPER has succeeded in its application to bring a lead case against HM Revenue & Customs (HMRC) for value added tax (VAT) levied on Royal Mail's services. If successful, businesses could recover £220m paid in credit for…
    Published - 13 days ago, 8 May 12, 1:33pm

Accountancy Age - Personal

  • Plumber convicted of tax evasion

    Plumber convicted of tax evasion

    Accountancy Age A HAMPSHIRE PLUMBER has been found guilty of tax evasion totalling some £112,000 over a 14-year period. Peter Mack, 59, of Ringwood set up a freelance plumbing business in 1997, but never registered his earning with HM Reven…
    Published - 4 days ago, 17 May 12, 10:44am
  • No Greece tax comparison, says new CIoT president

    No Greece tax comparison, says new CIoT president

    Accountancy Age THE INCOMING PRESIDENT of the Chartered Institute of Taxation has expressed concerns over tax comparisons between Greece and the UK in both the media and public arena. Speaking at CIoT's annual general meeting in Westminster…
    Published - 4 days ago, 17 May 12, 8:54am
  • TS recalls Pet's star Healy's close links to HMRC

    TS recalls Pet's star Healy's close links to HMRC

    Accountancy Age ONCE AND FOR ALL it has been proved that TS has a brilliant memory. Auf Wiedersehen Pet and Benidorm star Tim Healy has been in the tax pages for winning a tribunal over expenses that he claimed against his tax bill. This sen…
    Published - 5 days ago, 16 May 12, 8:18am
  • Green cars will impact Treasury’s coffers

    Green cars will impact Treasury’s coffers

    Accountancy Age THE RISING NUMBER of green cars and other vehicles will leave a £13bn shortfall in motoring taxes by the end of the next decade, despite an expected 44% rise in traffic. The predictions were made by the Institute for Fiscal…
    Published - 6 days ago, 15 May 12, 9:44am
  • Taxman takes wrong tax from sixth of taxpayers

    Taxman takes wrong tax from sixth of taxpayers

    Accountancy Age APPROXIMATELY 3.5m people are due to be notified they have paid too much tax due further calculations by the taxman, which will see them receive an average of £379. A further 1.6m people will receive letters saying they have…
    Published - 7 days ago, 14 May 12, 9:33am
  • IR35: A year of testing tests looms

    IR35: A year of testing tests looms

    Accountancy Age IT WAS HOPED that when HM Revenue & Customs released guidelines on when contractors' tax rules should be applied, that the issue could be laid to rest and we would all know where we stand on the status of workers. Alas, it wa…
    Published - 10 days ago, 11 May 12, 1:34pm
  • HMRC brings 310 more employers into RTI pilot

    HMRC brings 310 more employers into RTI pilot

    Accountancy Age HMRC HAS CONFIRMED that more than 310 employers are scheduled to join its real time information PAYE pilot. The RTI pilot was launched in early April with ten employers. The aim of the project is to have employers updating th…
    Published - 10 days ago, 11 May 12, 8:31am
  • HMRC IR35 guidelines draw criticism

    HMRC IR35 guidelines draw criticism

    Accountancy Age THE SERIES OF TESTS and scenarios released by HM Revenue & Customs "fails to take into account key elements of advice" provided by small business representatives invited by the Treasury forum to discuss the issue. HMRC "had m…
    Published - 11 days ago, 10 May 12, 10:42am
  • HMRC sets out IR35 stall with new tests

    HMRC sets out IR35 stall with new tests

    Accountancy Age A SERIES OF TESTS to gauge the status of workers has been released by HM Revenue & Customs. The IR35 legislation is designed to prevent people who use intermediary companies to sell their services from being better off than i…
    Published - 11 days ago, 10 May 12, 9:37am
  • Actor Tim Healy in landmark HMRC tax appeal

    Actor Tim Healy in landmark HMRC tax appeal

    Accountancy Age AUF WIEDERSEHEN, PET! actor Tim Healy claimed a partial victory in a landmark tax tribunal against HM Revenue & Customs after it was found his claim for £32,503 in accommodation expenses where "wholly and exclusively for the…
    Published - 11 days ago, 10 May 12, 8:56am

Accountancy Age - Tax Bodies

  • HMRC employee held in phone-hacking probe

    HMRC employee held in phone-hacking probe

    Accountancy Age AN EMPLOYEE of the taxman has been arrested by detectives investigating corrupt payments made to public officials. The operation was initiated by information supplied News Corporation's management standards committee (MSC) wh…
    Published - 4 days ago, 17 May 12, 9:19am
  • Tyrie wants HMRC to have greater policy input

    Tyrie wants HMRC to have greater policy input

    Accountancy Age THE TAXMAN should have greater input in the formulation of tax policy, according to Treasury Select Committee chairman Andrew Tyrie MP. Speaking at the CIoT's Tax Advisers' Address in Westminster, Tyrie said he felt it was ne…
    Published - 5 days ago, 16 May 12, 9:52am
  • HMRC claims service delivery improvements

    HMRC claims service delivery improvements

    Accountancy Age THE TAXMAN CLAIMS it is up to speed in meeting objectives to provide a better service. HM Revenue & Customs has made a Joint Understanding Agents Project statement, outlining its progress in improving its service delivery. Th…
    Published - 6 days ago, 15 May 12, 9:07am
  • CIOT and IIT set to vote on merger

    CIOT and IIT set to vote on merger

    Accountancy Age VOTES WILL BE CAST next month on a proposed merge of the Chartered Institute of Taxation (CIOT) and the Institute of Indirect Taxation (IIT). Should the motion be voted through next week at the CIOT AGM (15 May) and at the II…
    Published - 10 days ago, 11 May 12, 1:38pm
  • ICAS queries Scotland’s tax devolution in paper

    ICAS queries Scotland’s tax devolution in paper

    Accountancy Age THE CRITERIA for paying tax in Scotland once tax powers are devolved from Westminster to Holyrood has been questioned in a paper entitled Scotland's Future: What tax system would Scotland want? published by ICAS. The Scotland…
    Published - 12 days ago, 9 May 12, 9:34am
  • HMRC needs top-to-bottom improvement

    HMRC needs top-to-bottom improvement

    Accountancy Age HMRC HAS MADE HEADLINES for the wrong reasons this week, with a double dose of negative publicity. It was revealed that 12,000 people not had been taken off the register for self assessment tax returns - despite contacting th…
    Published - 17 days ago, 4 May 12, 10:02am
  • Apple’s low-tax strategy

    Apple’s low-tax strategy

    Accountancy Age THE ELECTRONICS GIANT Apple legally avoided paying as much as $2.4bn (£1.5bn) in taxes last year, according to reports. The iPod manufacturers set up offices in US, Netherlands, Luxembourg and The British Virgin Islands in o…
    Published - 20 days ago, 1 May 12, 1:37pm
  • Clasper set to leave HMRC

    Clasper set to leave HMRC

    Accountancy Age MIKE CLASPER will leave HM Revenue & Customs by the end of the year after a series of high-profile controversies, The Telegraph reports. Head-hunter Odgers Berndtson has been entrusted with the task of finding a replacement f…
    Published - 21 days ago, 30 Apr 12, 4:01pm
  • CBI fight-back on business tax brings GAAR warning

    CBI fight-back on business tax brings GAAR warning

    Accountancy Age CBI, the employers group, took the tax debate to the public yesterday with the launch of a document that seeks to explain why corporate tax is complicated and that "British business pays its way". UK companies contribute £16…
    Published - 31 days ago, 20 Apr 12, 9:29am
  • CIOT’s president critical of tax system

    CIOT’s president critical of tax system

    Accountancy Age UK TAX SYSTEM is "dysfunctional" and "creaking at the seams" says CIOT head Anthony Thomas in a speech to members in Cambridge. He called for "greater simplicity and clarity so people understand how much tax they should be pa…
    Published - 34 days ago, 17 Apr 12, 9:41am

@CIOT News

CIOT - News

CIOT - Blog

@Taxation

Taxation - News

  • Tax pros 'should stick up for the system'
    Tax professionals should be willing to defend tax rules when they're wrongly criticised, according to Patrick Stevens, the new president of the Chartered Institute of Taxation (CIOT).read more
    Published - 4 days ago, 17 May 12, 11:15am
  • IR35 given new business entity tests
    HMRC have published guidance on business entity tests for the purposes of the intermediaries legislation, known as IR35.It provides information about the department’s risk-based approach to checking compliance, and explains how taxpayers can work…
    Published - 6 days ago, 15 May 12, 7:30am
  • Ruling leads to face-value vouchers revamp
    Changes have been made to the VAT treatment of types of face-value vouchers.The revamp, which will be included in the current Finance Bill and have retrospective effect to 10 May 2012, comes a result of the European Court of Justice (ECJ) decision i…
    Published - 7 days ago, 14 May 12, 10:45am
  • Make CCCTB mandatory, says Brussels
    The use of a common consolidated corporate tax base (CCCTB) should become mandatory after a transition period, according to the European Parliament in Brussels.The measure was agreed by a resolution – approved by 452 votes, with 172 against and 36…
    Published - 10 days ago, 11 May 12, 2:20pm
  • Charity slams digital exclusion of taxpayers
    The state’s continuing efforts to move its public-facing activity online is adversely affecting a ‘significant’ number of people, according to the Low Incomes Tax Reform Group (LITRG).read more
    Published - 12 days ago, 9 May 12, 2:00pm
  • Tax Faculty concern over new Jelley letter
    The ICAEW Tax Faculty has expressed anxiety about HMRC’s stance on Mansworth v Jelley losses, after reports revealed that the department is sending standardised letters to taxpayers pursuing a claim in respect of the case, despite many people havin…
    Published - 13 days ago, 8 May 12, 7:30am
  • Deadline looms for tax-evading electricians
    Electricians have until 15 May to register to pay undisclosed tax and suffer only a minor penalty.Under HMRC’s electricians tax safe plan, individuals pay outstanding tax and interest while incuring a fine ranging between an addtional 10% and 20%.…
    Published - 17 days ago, 4 May 12, 10:55am
  • Scottish income tax achieves devolution
    The Scotland Act has received royal assent, giving powers for the Scottish parliament to set a local rate of income tax different from that of the UK’s.A new rate is expected to be introduced from 6 April 2016, and ITA 2007 will be amended to peg…
    Published - 17 days ago, 4 May 12, 7:25am
  • New guidance for senior accounting officers
    All Revenue guidance relating to senior accounting officers (SAOs) has been superseded by the department’s new Senior Accounting Officer Guidance Manual.read more
    Published - 18 days ago, 3 May 12, 8:35am
  • Worry over RTI impact on small employers
    HMRC’s assessment of the impact of the introduction of real-time information (RTI) on small employers is inadequate, according to the Low Incomes Tax Reform Group (LITRG).read more
    Published - 20 days ago, 1 May 12, 7:30am

Taxation - Tax Cases

TaxAssist Accountants

Taxation Web

  • Last Day for Electricians' Tax Safe Plan
    Just a quick reminder that, further to our earlier news item - Reminder - Electricians Have 'til 15 May to use Tax Safe Plan- the deadline for notifying HM Revenue & Customs under the terms of its latest "amnesty" focusing on the Home Improvement…
    Published - 6 days ago, 14 May 12, 11:00pm
  • Digital Exclusion - HMRC IS Leaving People Behind Despite Government Assurances, says LITRG
    The Low Incomes Tax Reform Group (LITRG) has published a report on "Digital Exclusion" and the impact of the government's "digital by default" policies on taxpayers, Tax Credits claimants and National Insurance contributors who were dig…
    Published - 8 days ago, 12 May 12, 11:00pm
  • Employers' Annual Return Form P35 - Is a Return Actually Due?
    Whilst the main news for many employers is simply that the deadline for filing the Employers' Annual Return Form P35 is little more than a week away, there are some businesses who risk receiving automatic late filing penalties even when a…
    Published - 11 days ago, 9 May 12, 11:00pm
  • Online Sellers have One Month to Register for Tax Opportunity
    People trading on the Internet who haven’t paid all the tax they owe have just one month left to take part in an opportunity offered by HMRC to get their tax affairs in order on the best terms available.Under the time-limited opportunity, kno…
    Published - 11 days ago, 9 May 12, 11:00pm
  • Tax Barrister Forces HMRC Climb Down on P35 Contractor Question: Just Say No
    The 2011/12 Employer's Annual Return Form P35 season is most definitely upon us - the deadline for filing is 19 May. (See Reminder - Only 1 Month Left to File Employers' Annual Returns).As with previous years, the Form contains the que…
    Published - 11 days ago, 9 May 12, 11:00pm
  • Small Donations to Charities to Qualify for New Top-Up Payments
    From April 2013, charities will be able to claim "top-up payments" on up to £5,000 a year of small donations without needing Gift Aid declarations, under changes announced today in The Queen’s Speech.The Gift Aid Small Donations Scheme will…
    Published - 11 days ago, 9 May 12, 11:00pm
  • RTI Pilot Forges On
    HM Revenue & Customs (HMRC) has confirmed that a further 310 employer schemes will join the Real Time Information (RTI) pilot following its launch last month. Subject to the initial pilot being successful, up to around 1,300 volunteer employers wil…
    Published - 11 days ago, 9 May 12, 11:00pm
  • Government is being Hypocritical when Dealing with Individuals Through Limited Companies
    News has broken overnight that Danny Alexander, Chief Secretary to the Treasury, has written to the Chancellor to advise that there are more than 2,000 'senior civil servants' who are being paid through personal companies rather than as employees.…
    Published - 18 days ago, 2 May 12, 11:00pm
  • HMRC Promotes the Alternative Dispute Resolution Service for Smaller Businesses - Now Online
    HM Revenue & Customs has announced that SMEs (Small and Medium Sized Enterprises) can now apply online to join the Alternative Dispute Resolution (ADR) trial. ADR offers SMEs who are in dispute with HMRC to apply for a fresh approach with an indepe…
    Published - 19 days ago, 1 May 12, 11:00pm
  • May Day Call for Tax Returns
    HM Revenue & Customs (HMRC) is urging anyone who has still not done their 2010/11 tax return to send it online before the end of April, or be charged daily penalties from 1 May.Anyone whose Self Assessment return is more than three months late w…
    Published - 20 days ago, 30 Apr 12, 11:00pm

Tax Grotto

  • Sutherland hires Allen and Rizzolo into the insurance tax practice in Washington
    Sutherland Asbill & Brennan LLP announced today the continued expansion of the firm’s insurance tax practice with the addition of Dennis L. Allen and M. Kristan Rizzolo as partners in Washington, D.C. Both were previously partners at Dewey & LeBoeu…
    Published - 2 days ago, 19 May 12, 11:31am
  • Tax Lawyer, Campbell Rose, joins Deloitte Auckland from Russell McVeagh
    Deloitte has announced the appointment of Campbell Rose as a tax partner in the firm’s Auckland office, effective from June 1. Mr Rose will join Deloitte from law firm Russell McVeagh, where he has been a partner for the past six years. Mr Rose say…
    Published - 3 days ago, 18 May 12, 7:17am
  • Sarita Chakravarthi promoted to Senior VP Tax at Selective Insurance
    Selective Insurance Group has announced the promotion of Sarita Chakravarthi to Senior VP Tax. Ms. Chakravarthi joined Selective in December 2006 as vice president, Treasury and Taxation. Prior to that, she served as a senior tax manager for Aetna In…
    Published - 4 days ago, 17 May 12, 8:40am
  • Enrique MacGregor joins A&M from Ceteris
    Alvarez & Marsal Taxand, LLC, a founding member of the first global network of the world’s leading independent tax firms, announced that Enrique MacGregor has joined as managing director in the Dallas office. With over 25 years in combined industry…
    Published - 5 days ago, 16 May 12, 2:53pm
  • KPMG UK elects Jane McCormick as Head of Tax
    Following the election of Simon Collins to succeed John Griffith-Jones as UK Chairman and Senior Partner from 1 October, KPMG in the UK today announces its new leadership team. The Executive Team is as follows: Chairman Elect – Simon Collins Chief…
    Published - 6 days ago, 15 May 12, 2:24pm
  • Thomas Gierath launches German tax practice for Reed Smith
    International law firm Reed Smith has appointed Thomas Gierath to its partnership. Thomas joined the firm on 1 May, from Dechert LLP, to launch Reed Smith’s tax practice in Germany. Thomas advises on domestic and international tax matters across pr…
    Published - 9 days ago, 12 May 12, 7:14am
  • Art Hazlitt and Mark Caterini join O’Melveny’s Tax Group from Dewey’s
    O’Melveny & Myers LLP is pleased to announce that a group of leading finance and mergers and acquisitions (M&A) lawyers is joining the Firm from Dewey & LeBoeuf. Richard Shutran, Junaid H. Chida, Arthur V. Hazlitt, Mark Caterini, and Dev R. Sen wil…
    Published - 10 days ago, 11 May 12, 8:14am
  • Kit Dickson to lead Deloitte’s UK Operational Taxes Team
    Deloitte appoints Kit Dickson as partner in financial services tax group Deloitte, the business advisory firm, has appointed Kit Dickson as a new partner in its information reporting and withholding taxes group within the financial services practice.…
    Published - 19 days ago, 2 May 12, 9:42am
  • Steve Griffiths on the move again as he takes on new role at Coutts – Head of Tax & Wealth Structuring
    Coutts has appointed Steve Griffiths as head of tax and wealth structuring. He joins from Credit Suisse where he was managing director of wealth planning. Griffiths will be based in the London office in this newly created role which will oversee the…
    Published - 19 days ago, 2 May 12, 7:25am
  • Gordon Warnke and Joseph Pari join Linklaters’ US Tax Practice from Dewey & LeBoeuf
    Leading global law firm Linklaters announced that Gordon Warnke and Joseph Pari have joined the firm’s U.S. tax practice as partners effective May 1, 2012. Gordon will be head of the New York tax practice. Additionally, Francisco Duque, a U.S. tax…
    Published - 20 days ago, 1 May 12, 8:29am

AccountingWEB uk - Tax