As the changes to mortgage interest relief for higher and additional rate taxpayers; stamp duty surcharges; and the ban on upfront letting fees all begin to bite, is selling up the right move for landlords?
Estimates published by HMRC shine the spotlight on those taxes which might be increased if the Chancellor needs to boost the tax yield after Brexit.
The second reading of the Taxation (Cross-Border Trade) Bill has brought into sharp focus the fact that, post-Brexit, the UK will lose access to some of the beneficial VAT rules available to EU members for the intra-community supply of goods. So could the future solution lie in adopting the special regime operated by the Netherlands?
HMRC has recently revised its penalty factsheet which appears to impose new penalty arrangements for those wishing to correct historic tax errors. There is an urgent need for HMRC to clarify exactly what the policy now is and to confirm its legal basis.
While we remain of the view that robots should not be taxed as if they were human beings, AI presents a fundamental challenge to the tax base.
If you are not one of the thousands who file their tax returns over Christmas and end up being hit with an automatic £100 penalty for late filing, help may be at hand.
Regular readers of Weekly Tax Brief will know that we have frequently called on HMRC to take a more robust approach to tackling the hidden economy, which costs the UK £3.5bn in lost taxes each year.
At the heart of HMRC’s drive to implement Making Tax Digital (MTD) is an intention to make it easier for taxpayers to complete accurate returns and to reduce the tax gap, but what if taxpayers are confident about their returns – will MTD change anything?
In the UK, HMRC has decided that no special rules are required to tax the profits and gains arising from Bitcoin and other cryptocurrencies. But there’s a sting in the tail – don’t bank on the taxman giving you tax relief for any losses.
You may remember the media furore when the BBC published the salaries of male and female top earners in their annual report earlier this year. This very public reaction to gender pay differentials highlights the emphasis that the media are placing on pay parity and the serious reputational risk of getting it wrong.