Airbnb has generated millions of pounds of additional income for UK taxpayers so it’s understandable that HM Revenue & Customs (HMRC) wants its share. But whilst the rules have been tightened up, it isn’t bad news for everyone. Tax breaks are still available for infrequent hosts – and the most active.
Whilst the debate over the merits of the Chequers plan for Brexit continues, two letters recently arrived for the UK government from the EU Commission asking it to bring its tax rules into line with EU law. What’s happening and what does this mean for the UK tax system post-Brexit?
Don't forget that the 31 July deadline to pay your self-assessment payment on account is looming.
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?