Weekly tax brief - 26 January 2016

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

The right amount of tax? Who decides?

26 January 2016

It’s been an interesting week for tax and the multinationals, with much made in the press about Google’s £130 million tax deal with HMRC, and further announcements on anti-tax avoidance measures expected.

Tax return deadline - get it done but get it right

26 January 2016

Sunday’s self-assessment deadline is fast approaching, and taxpayers need to get a move on if they haven’t already filed their return. But be warned, if you’re rushing to meet the deadline then you’re more likely to make mistakes – and that could prove to be very costly…

HMRC’s digital myth-understanding

26 January 2016

When HMRC announced last year that businesses would be required to update them on a quarterly basis via their digital tax account, there was uproar.

Part payment of college fees is ‘business’

26 January 2016

A recent Upper Tribunal has ruled that part-payment of fees paid by students has to be treated as VAT exempt ‘business income’.

Higher education can be 'taxing'

26 January 2016

The Court of Appeal has confirmed that although university tuition fees for higher education are exempt from VAT, fees payable to commercial providers of higher education are subject to VAT. Bad news for ‘unaffiliated’ suppliers of ‘paid for’ services to the higher education sector…