Weekly tax brief - 1 November 2016

In this edition of RSM’s weekly round-up of the most important tax news, we cover the latest developments.

NAO urges HMRC to 'farm' wealthiest people for more taxes

01 November 2016

Paying the right amount of tax is a principle which underpins the tax system, but a report published by the National Audit Office (NAO) contains the unprecedented recommendation that HMRC should now do more to identify the most effective approaches to maximising the tax revenue paid by the wealthiest people in the UK

Driving in the middle of the road

01 November 2016

The recent Employment Tribunal case regarding Uber drivers was not about tax but it is important because it sheds light on one of the age-old problems in the tax system: whether or not somebody is an employee.

Uber and the charge to VAT

01 November 2016

If we thought the direct tax/NIC issues in Uber are complex, the VAT consequences for Uber, its drivers, and its customers - and indeed similar business models - take ‘complex’ to a whole new level. If acting as principal, Uber faces a VAT bill; if acting as agent, the VAT liability rests with the drivers.

Changes to partnership taxation should be deferred or dropped

01 November 2016

The government consultation on how partnerships calculate and report their taxable profits and liabilities closes today, but the proposed measures are largely unnecessary and risk breaching confidentiality and increasing the administrative burden for partnerships, their advisers and HMRC.