HMRC has recently published its 300-page annual report which provides hints about the state of the UK economy and comes to some surprising conclusions.
The OECD’s deadline for reaching a global consensus on how to update the global tax system to meet the needs of the digital economy is now just five months away. So what is the chance of success?
Should the NHS, which is funded by taxation, pay tax? On the face of it, this would seem a simple question with an obvious answer, but not so.
If you make a mistake when calculating the VAT on your tax return, corrections are meant to be made within the four-year cap; however, many are making a credit or debit note instead which is not subject to a cap. To stop a perceived tax advantage for businesses, the government is set to change the law (again).
With Boris Johnson due to move into Number 10 Downing Street, we take a look at how he might be taxed personally as Prime Minister. What tax perks lie in wait for him; are there any downsides; and most importantly, will he be taxed on his new furniture including a new bed?
Transport Secretary Chris Grayling has launched a call for evidence on offsetting carbon emissions produced by transport. While initially promising, the document completely overlooks existing taxes, such as fuel duty and air passenger duty, and ignores the inconvenient truth that aspects of these have been devolved around the UK.
Political infighting within the UK government means that the NHS is being left to resolve what is described as the “NHS pensions allowance problem”. This is wrong. The Treasury should be tasked with resolving the tax problem, leaving the NHS to do what it does best: making people better. We show how.
A recent judgment from the European Court risks restricting charities' VAT recovery on the generation of additional funds through investment and fundraising.
A new Treasury announcement has set out details of the benefit-in-kind (BIK) tax rates for company car drivers who choose an emissions-free electric model. But are these measures sufficient to encourage drivers and fleets to use their cars in the most environmentally-friendly way?