What does the climate emergency mean for our taxes?
The declarations made by the British, Scottish and Welsh governments, as well as by cities including London, Edinburgh, Bristol and Manchester, that climate change is a national emergency reflect the greatest concern of our times but do not commit to any action. However, the ‘Net Zero’ report by the UK Committee on Climate Change is full of specific recommendations. Taxes will almost certainly rise. We look at the details.
Making tax digital pilot extended to landlords
Making tax digital (MTD) for income tax was seemingly kicked into the long grass when it was announced that it would not come in until 2021 at the earliest. But a new pilot scheme involving landlords suggests that the idea is still very much alive.
Wealthy want to pay right amount of tax, HMRC survey finds
HMRC has recently published a survey into the drivers of tax compliance among the wealthy. The results seem to have surprised HMRC more than professional tax advisers.
HMRC bank accounts get fat as employees get fit
The tax exemption for employer-provided sporting and recreational facilities should encourage employers to help their employees be physically active. However, employers providing such perks should take care to ensure their facilities qualify for the exemption.