Taxing the digital economy isn’t just about making the tech giants pay their fair share. The world has changed, and digitalisation has transformed the way we do business; and the tax system needs to catch up. But can we reach a global consensus?
The Government has proposed significant changes to the rules (commonly known as IR35) covering the engagement by ‘medium and large’ private sector businesses of off-payroll workers. The changes are due to apply from April 2020, following a recent consultation, which has just closed, on the proposed detail of the new rules. But can these plans move forward without clarity on employment status?
HMRC has now closed their consultation on the proposed reforms to the tax reliefs available when selling your main residence, in particular Principal Private Residence (PPR) relief. Whilst self-build projects are an important part of the government’s housing strategy, ‘Grand Designers’ may be amongst those worst hit by the proposed new PPR rules.
The latest economic forecasts issued by the Scottish Fiscal Commission (SFC) revealed a forecast deficit in the Scottish Budget over the next three years of £1.025bn. As a result, the Scottish Government will have some difficult decisions to make. Will it activate austerity measures and cut back on spending or seek to raise revenues by increasing taxes?
With the Conservative leadership contest now under way, we look at what the runners and riders have said about tax – and how philosophical differences between the two major parties could see a return to the political debates of the 1980s.
Alex, Audit Supervisor at RSM, delves into her typical work day, the social side of the Manchester office, and her plans now that her exams are coming to an end.
Earlier this month the European Commission announced the latest measure it is taking to tackle one of the EU’s largest systemic tax fraud issues; VAT carousel or missing trader fraud. Europol has estimated that criminal fraud of this type costs taxpayers EUR 60 billion a year. What does this mean for UK businesses and how will Brexit affect the government’s ability to prevent tax fraud?
For years, the Office of National Statistics annual report on the effects of taxes and benefits on UK household income has generally concluded that the UK tax system has no effect on income inequality. But is that really the case?
Frictionless payment platforms are offering consumers ‘buy now pay later’ customer credit. In this article Ceri Plowman takes discusses the short-term benefits for consumers and retailers and the broader long term effects of this offering.
In a new report published by the Centre for Policy Studies, proposals have been put forward by the Rt Hon Damian Green on how to address the issue of the ongoing social care crisis. As a politically toxic topic, with various potential solutions branded as ‘death’ or ‘dementia’ taxes, there is an impasse on how to address it. Given the resulting uncertainty, what steps can individuals take to try and minimise the impact of the current care crisis lottery?