Weekly Tax Brief - 5 August 2015

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

Judge rules that HMRC is making illegal online filing demands

05 August 2015

A recent Tax Tribunal decision on a £100 VAT return penalty takes the debate to a whole new level, with the judge finding that the trader behaved reasonably in refusing to tick the terms and conditions box.

Tax amnesty for employers not paying minimum wage

05 August 2015

HMRC is increasingly looking at ‘naming and shaming’ as a way of encouraging good tax behaviours. We already have naming and shaming for deliberate defaulters, and there are proposals to extend it to serial avoiders.

Do you qualify for the new IHT £1m allowance? Plannings the name of the game...

05 August 2015

The debate continues to rumble on about the complexities surrounding the new £1m Inheritance Tax Nil Rate Band (NRB). To recap, over the next four years a new Residence Nil Rate Band (RNRB) will be introduced up to £175k to be offset against a main residence inherited by direct descendants. But the real question is how far it really bridges the gap for children to inherit the family home tax free?

Mitigating VAT on energy-saving installations

05 August 2015

The government is considering the implications of the EU Court’s decision that the UK failed to comply with European VAT rules in universally applying VAT

Still waiting for mañana – update on Spanish IHT refunds

05 August 2015

It is thought that those due refunds of Spanish Inheritance Tax may have to wait up to 9 months for their claims to be lodged and processed.