With calls for robots to pay tax, we ask why they’re only being heard now. Is taxing robots the right approach? Is there an underlying problem which suggests a different response?
A recent First Tier Tax Tribunal decision leaves many employees facing heavy tax bills on company cars that they thought were vans. Employers will need to consider settling the bills on their behalf to avoid having disgruntled employees. The Tribunal gave some useful guidelines on the distinction between a van and a car, but the position remains hopelessly unclear, especially with misleading HMRC guidance.
Last week saw announcements that average electricity company profits are running at around 32 per cent, while others were saying that ‘water privatisation looks little more than an organised rip-off’. Will the 10-year anniversary of the banking crisis prompt the Chancellor of the Exchequer to introduce a utility profits levy, much as his predecessor did by imposing the bank levy on the financial sector?
To add to the post-holiday blues, the UK expects a peak in the divorce rate in August as couples look to part ways after spending too much time together over the summer, but what about the tax implications?
Carbon taxes are aimed at ‘dirty’ businesses, imposing extra costs to encourage a move to cleaner production processes. But more pain seems inevitable if countries are to meet their Paris climate change commitments. This has a major impact on investment decisions.
Tax will never be simple but as a country we seem unable to bridge the gap between tax policy development and successful implementation. Three recent examples underline the point, but surely there is a better way?
Unfortunately for employers, genuine error is not a defence to breaching the National Minimum Wage (NMW). All breaches are handled in the same way whether deliberate or through genuine error.
Figures published by HMRC today show a 5.3 per cent increase in income tax receipts. But with Brexit posing a risk to the level of taxes which can be extracted from key parts of the UK economy such as the financial sector, concerns are growing as to who will pay tax, and how much, after Brexit. So where will the extra taxes come from?
A new online tax forum and dedicated webchat service was launched by HMRC on 1 August. The intention is to give small businesses and the self-employed a quick and easy one-stop-shop for getting answers to questions on tax. But is it that easy?
The government’s latest list of employers who failed to pay National Minimum Wage includes employers from retail, leisure and hospitality, manufacturing and social care sectors. This blog explores the most common mistakes, the penalties of being caught, and how to avoid expensive fines and being named and shamed.