Tax voice - April 2017

This month’s tax voice features landlord tax changes bite, employee expenses and individual taxation and are there fairness issues in our income tax system?

Tax relief for employee expenses

18 April 2017

As announced in the Spring Budget, on 20 March HM Treasury published a ‘call for evidence’ on the taxation of employees’ expenses. This begs the question: Is HMRC going to move forward with reforms of tax relief for employee expenses to reflect modern work practices?

Landlord tax changes bite

18 April 2017

The government’s pledge to not raise rates of income tax, VAT and National Insurance contributions during the current parliament (the triple lock) has meant that it has had to look to other ways of increasing the tax take.

Individual taxation and fairness

18 April 2017

As we know, the Chancellor was forced into an embarrassing U-turn only a week later on the basis that the 2015 Conservative Party election manifesto had promised no increase in NIC (or VAT or income tax) rates: it is perhaps strange that no advisers pointed this out to Mr Hammond before he made his Budget speech.

HMRC's consultation on risk profiling - what can it add?

18 April 2017

In the Spring Budget 2017 it was announced that HMRC will consult over the summer on its process for risk profiling large businesses. HMRC’s policy is to match its resource to perceived tax risk, so risk profiling is a key element of its strategy.