Plans to clamp down on tax abuse involving insolvency are welcome, but is more thought needed to ensure the issue is tackled without hampering trade and business in the UK?
It is clear the customs proposals in the white paper is an attempt to retain free movement of goods outside of the single market and customs union. The foundation of this is the creation of a free trade area for goods, the aim of which would be to 'protect the uniquely integrated supply chains and ‘just-in-time’ processes'.
HMRC has launched another way for the technically minded to access information – by asking Alexa. But is this a helpful addition to HMRC’s information toolkit, or just a gimmick which could end up alienating some of the people who need help the most?
The latest figures from HMRC show there's been a significant rise in the number of companies offering share options to employees under the Enterprise Management Incentive. The fact that only about a quarter of employees who are granted options actually exercise them suggests that the scheme is working as intended.
By accepting the European Reform Group’s amendment to prevent the UK from joining the EU’s VAT regime, the UK Parliament has increased costs for UK consumers buying goods directly from EU businesses.
From April 2020, the VAT default surcharge regime will be replaced by two new penalties. But will the new points-based penalty system be as disproportionate as the regime that it's replacing?
Emergency tax rates applied to pension lump sums can lead to individuals suffering substantial overpayments of tax and it seems many of those affected may be failing to make repayment claims.
A number of recent tribunal decisions have called into question the validity of tax returns in certain circumstances. This is due in part to the system having its roots in the Victoria era. The tax administration system is now in need of a complete overhaul and HMRC needs to initiate it.
The draft Finance Bill contains new proposals to bring forward the payment of both Capital Gains Tax and Stamp Duty Land Tax. This trend is likely to continue and each year a bit more tax is likely to end up in the government’s hands a little earlier. Eventually, it's likely that all taxes will be paid in something close to real time.
Recent press commentary suggests that the Home Office are investigating a number of cases where immigrants have overstated their income when applying to remain in the UK. With greater flows of information passing between departments and across borders, government artificial intelligence is getting more efficient at 'joining the dots'.