Three days in the life of the new Health and Social Care Levy suggest that may be because MPs do not know what they're voting for. Parliamentary officers must get a grip on this.
The corporation tax rate increase is a bold move underpinned by a need to increase tax revenues, avoid significant tax burdens on individuals and a belief that the UK will remain an attractive place to do business.
The Upper Tribunal has found that a farming business whose income had dwindled away over the years to a very low level is no longer ‘in business’ for VAT purposes, and therefore no longer entitled to VAT recovery. The findings suggest businesses should check whether their VAT registration is still valid under HMRC’s latest interpretation.
How can HMRC improve engagement with its most reluctant debtors to speed settlement and make things better for all concerned? New research examines how ‘disengaged’ debtors view HMRC.
Children’s Trust Funds (CTFs) started maturing on 1 September 2020. As the first recipients turn 18, HMRC has announced that many beneficiaries have failed to claim their funds, which contain a minimum of £250, but could contain much more.
Taxpayers who feel they have been misadvised by HMRC officers or misled by poorly worded HMRC guidance currently have few legal options for challenging the tax bills that may follow, and many simply give up. Could this be about to change?
Employers may be alarmed to learn that scrutiny of their furlough decisions is not limited to HMRC and the employers’ own external or internal audit functions. Employment tribunals are adjudicating on them too.
While a general income tax increase might have been a fairer and more progressive way to raise funds, higher NI contributions may be more acceptable in the long run because they carry historic associations with health and pension benefits.
With two government departments now having to pay around £120m to HMRC in tax, interest and penalties because of their failings in applying the off-payroll working (IR35) rules, we ask what hope is there for private sector employers?
Some tax changes seem to be introduced without proper consideration of their impact. This is neither sensible nor helpful. The Government is now proposing multiple major changes to the tax system. How much has the interaction of these been considered? Based on past evidence, not enough. We call on HMRC to report on how the combined total of all these changes will affect taxpayers.