People in the UK do not understand personal tax affairs, with young people the least knowledgeable, according to new research by Deloitte. Over 2,000 people across the UK were asked a series of tax questions and awarded a knowledge score based on their correct responses. The results revealed tha …
— Read on www.accountancytoday.co.uk/2019/09/26/majority-of-the-uk-does-not-understand-personal-tax-says-deloitte/
While the current IR35 rules don’t work perfectly, the government’s proposed changes are cause for concern and may have unintended consequences for UK b
— Read on www.accountingweb.co.uk/community/blogs/chris-james-fca/off-payroll-legislation-a-barrier-to-business-growth
A taxpayer who had always paid tax at source under PAYE and submitted unsolicited tax returns in an attempt to address overpayments, has lost an appeal at tax tribunal over HMRC’s refusal to accept the returns
— Read on www.accountancydaily.co/ftt-rejects-taxpayers-appeal-over-unsolicited-tax-returns
Software developers using the live MTD for VAT filing mechanism have encountered inexplicable errors in the data being returned by HMRC’s systems.
— Read on www.accountingweb.co.uk/tax/business-tax/mtd-for-vat-snags-add-to-developers-frustration
A cross-party group of MPs has urged the Minister responsible for HMRC to suspend its controversial loan charge with immediate effect following an interrupt
— Read on www.accountingweb.co.uk/tax/hmrc-policy/mps-brand-hmrc-out-of-control-over-loan-charge-conduct
On 5 April 2019, the loan charge will be imposed on up to 50,000 taxpayers who have been unable to arrange to pay tax due on loans which are now recategoris
— Read on www.accountingweb.co.uk/tax/hmrc-policy/the-loan-charge-pantomime
In a case involving plant embedded in a commercial building, HMRC tried to apply the new capital allowances rules to a transaction which pre-dated their int
— Read on www.accountingweb.co.uk/tax/business-tax/capital-allowances-hmrc-applied-wrong-version-of-the-law
Julie Cameron discusses how the Rupert Grint case provides an important reminder of the care needed when making in a change of accounting date.Poor
— Read on www.accountingweb.co.uk/tax/personal-tax/change-of-accounting-date-spells-disaster-for-harry-potter-actor