Last week, the Daily Telegraph reported on a leaked shadow Treasury document which revealed Labour proposals to impose VAT on independent school fees and remove their discounted business rates. So what impact would this have on independent schools and their fee-paying parents?
As Labour draws up fresh plans for its manifesto, John McDonnell has confirmed that a focus will be on tackling 'enablers' of tax avoidance 'like the big accountancy firms'. Many will be aware that accountancy firms can be held criminally liable for assisting someone with the evasion of tax but could we see similar provisions introduced for advice deemed to be facilitating tax avoidance?
New figures showing the VAT generated for EU member states as a result of the cross-border trade in telecommunications, broadcasting and electronic services has highlighted the importance for affected UK businesses to switch to the VAT Mini One Stop Shop scheme for non-EU members.
A recent think-tank report proposes tax changes which could raise £120bn or more from the richest 10 per cent. At first sight, this stands in complete opposition to Conservative party thinking. Closer reading of the report reveals some ideas which the Chancellor of the Exchequer might like to adopt as his own. After all, George Osborne stole his opponents’ tax ideas so why shouldn’t Sajid Javid?
The Government has clearly listened to concerns raised during the IR35 off-payroll consultation process and intends to exclude small businesses from the forthcoming rules for private sector business. However, what constitutes a small business?
Unless HMRC responds to calls from the construction industry and RSM, on 1 October the industry faces a perfect storm of VAT issues. The domestic reverse charge for the Construction Industry Scheme will be introduced along with the kick-off of Making Tax Digital for some organisations. The most recent announcement looks set to increase the cost of energy-saving measures.
HMRC is sending out 'nudge' letters to contractors in sectors where it believes there is a high risk of non-compliance with the current IR35 rules. This includes the pharmaceuticals industry as GSK contractors found out last week. Could this latest activity be a prelude to a new disclosure facility or amnesty?
With a Cabinet Minister refusing to confirm that the Government will abide by the law, and HMRC accused by a Tribunal of abusing its powers in order to deliberately frighten a taxpayer, it’s not been a good month for the rule of law. What would happen if taxpayers similarly chose which tax demands to pay and which to ignore?
Now that the latest Government Expenditure and Revenue Scotland report has been published the annual debate of whether the fiscal position of Scotland could sustain itself has started up again; but what options would Scotland have if all powers were devolved?
On 27 June 2019, the UK became the first major economy in the world to pass laws to end its contribution to global warming by 2050. Tax will have a major role to play, but incentives are in a mess so the system will need a fundamental overhaul to even come close to meeting the net zero aspirations.