Under recent measures the EU has made changes to its tax cooperation lists, removing the United Arab Emirates and the Marshall Islands from the tax haven blacklist, and transferring Albania, Costa Rica, Mauritius, Serbia and Switzerland to its whitelist of fully cooperative territories.
SME Tax News
The Chancellor, Sajid Javid, has announced that in the event that we leave the EU on 31 October 2019 with a deal, there will be a budget on 6 November 2019.
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As unprecedented numbers of Extinction Rebellion (XR) protesters hit the streets we look at the top ten 'no brainers' that we can do to reduce our business's impact on the environment and what incentives the government offers to help us do that.
As the climate change protesters Extinction Rebellion (XR) hit the streets in unprecedented numbers what can you do and, what tax incentives are currently on offer, to assist you in running a more climate friendly business?
The government have published their response to the Treasury Sub-Committee's report 'Disputing Tax' which covers how HMRC deals with tax avoidance and evasion and their approach to conducting tax enquiries and resolving tax disputes.
Annual figures released by HMRC show a substantial increase in the value of patent box and Research and Development (R&D) relief claims for 2016/17 and suggest there could be a reduction in claims for 2017/18.
In Brian Abrams and Eric Abrams v HMRC [2019] TC7288 a claim to grant an indefinite stay for an appeal based on the fact that too much time had passed, the taxpayers’ were now too old, and evidence had gone missing, failed.
In David Sinclair v HMRC [2018] TC6873 an accountant's claim for post cessation trade relief in defending a negligence claim was partly allowed, his claim to have created a trust in order to fund the compensation potentially due failed on basic principles.
The Law Society and ATT have again expressed concern that the draft legislation which extends the off-payroll working rules to the private sector fails to protect parties who are not at fault from secondary PAYE liabilities.
HMRC's latest Employment Related Securities Bulletin contains some handy tips. Here is our enhanced version.