Lloyds Banking Group has just won a significant tax case worth over £5.6m after the tax tribunal determined that redundancy payments were not subject to VAT.
The government has recently consulted on a new points-based penalty system for those who file or pay their tax late but will this achieve the right balance of carrot and stick?
Sometimes new tax rules bear little resemblance to the colourful label applied when they were announced by the Chancellor of the Exchequer. It’s important that HMRC’s new powers to tackle tax avoidance don’t turn into a can of worms.
Much has been written about our post-Brexit overseas trading arrangements, but have UK companies considered the potential changes to the taxation of dividends they receive from foreign subsidiaries and other portfolio investments?
Proposed tax changes for UK commercial property held through offshore structures will rationalise the tax system for commercial and residential properties; but will it stop foreign investment which has been fuelling UK development?
Clamping down on online VAT fraud is clearly a key priority of the government following new enforcement measures announced in the Budget. However, can online marketplaces comply without significant input from HMRC?
Chancellors of the Exchequer of all political persuasions have expressed enthusiasm for using the tax system to achieve specific economic, social and political objectives. We’ve reviewed the White Paper on the UK’s Modern Industrial Strategy to understand what role the tax system might play and we find ourselves distinctly underwhelmed.
Knowing the risks facing care businesses, management teams and lenders and how to overcome the challenges, will ensure you are better placed to deliver positive returns.
Matthew Taylor, author of Good Work Review of Modern Working Practices, spoke this week at RSM’s breakfast briefing, discussing the progress of his recommendations made to the government in July 2017. So, what is next for the Taylor Review?