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Displaying 1-10 of 71 results
Taxpayers let down by poor HMRC service, says NAO
- Article
- 15 May 2024
The National Audit Office (NAO) has found that HMRC’s increased digital offering has not delivered the expected savings or improved services for taxpayers. The government has promised more funding for HMRC.
Tax news in brief 15 May 2024
- Article
- 14 May 2024
Highlights from the broader tax news for the week ending 15 May 2024, including: new guidelines for compliance to help with capital allowances claims; suggestions from the IFS on how to reform IHT; and a reminder for exporters on the move to the CDS.
HMRC rejects ‘brightline’ test for furnished holiday lets (FHLs)
- Article
- 13 May 2024
In response to ICAEW’s letter on the abolition of the FHL regime, HMRC has confirmed that the boundary between property letting and trading will be judged on the facts and by reference to case law.
HMRC confirms VAT treatment of voluntary carbon credits
- Article
- 13 May 2024
With effect from 1 September 2024, the sale of voluntary carbon credits will be standard-rated where the place of supply is the UK.
ICAEW publishes Q&As on the cash basis for traders
- Article
- 10 May 2024
In TAXguide 04/24, ICAEW’s Tax Faculty answers the questions raised during a recent webinar on the changes to the cash basis for the self-employed and partners.
Tax news in brief 08 May 2024
- Article
- 07 May 2024
Highlights from the broader tax news for the week ending 8 May 2024, including: updated commentary to the GloBE rules; guidance on completing the tax return for companies in liquidation; and HMRC guidance for students and tax credit claimants.
ICAEW urges major simplification of tax penalties framework
- Article
- 07 May 2024
The Tax Faculty welcomes the opportunity to reform tax administration but warns of significant challenges in implementing some of the changes. Existing safeguards should be publicised further.
Seven software products now support MTD ITSA
- Article
- 07 May 2024
HMRC has added APARI and Digita Personal Tax to the list of software products compatible with making tax digital (MTD) for income tax self assessment (ITSA).
Agents can register to payroll client’s benefits-in-kind
- Article
- 02 May 2024
It is now possible for agents to register with HMRC for benefits-in-kind (BIK) to be taxed through their client's payroll for 2025/26 onwards.
How taxpayers can take “reasonable care”
- Article
- 01 May 2024
ICAEW’s Tax Faculty explains how taxpayers can take reasonable care when submitting a tax return, including when a second opinion may be needed.
Displaying 1-10 of 71 results