The government committed to undertake a fundamental review of business rates in England at the Spring Budget. It has now issued a call for evidence, with views on reliefs and the ‘multiplier sort’ by 18…
HMRC Pauses Inheritance Tax Investigations
HMRC’s recent suspension of IHT investigations during the Covid-19 crisis opens up a brief opportunity for executors to get their IHT accounts in order. HMRC normally investigates around 5,500 IHT cases every year, around 25%…
Time to look at an alternative tax?
The adoption in the UK of a transatlantic approach to income tax could appeal to a cash-strapped Chancellor. “…only the little people pay taxes.” That 1980s comment by the New York Hotel owner Leona Helmsley…
Card tax payments to incur charges
When making tax payments to HMRC, you are currently only charged a fee if you pay by business credit card, while payments by personal credit card are not permitted. However, from 1 November 2020, payments…
Furlough scheme to be tapered from August
On 12 May, the Chancellor announced changes to the operation of the Coronavirus Job Retention Scheme (CJRS) and set out details on how the scheme will operate as people return to work. The good news…
HMRC to investigate fraudulent COVID-19 claims
HMRC has shot yet another salvo across the bows of employers claiming grants under the government’s Coronavirus Job Retention Scheme (CJRS), by announcing an increase in the number of reports it has received regarding potentially…
New Advisory fuel rates apply from June
HMRC has announced new fuel rates for company cars. They apply to all journeys on or after 1 June 2020, until further notice. For one month from the date of the change, employers may use…
COVID-19, Global Mobility and Taxation
An in depth discourse into the nuances of the impact of #covid19 and #HMRC's statutory residents test (SRT) on #globalmobility staff and individuals delayed in the UK following #lockdown. A definite must read for both professionals and individuals affected.
Taxation of coronavirus support payments
The following update is for those employers who are not clear on the status of the receipt from HMRC of grants in respect of the furlough of employees during the lockdown. These payments are made…
HMRC: Clarification on tax rules with regards to the lockdown and company car taxation
To resolve a number of burning on the subject of the taxation of an employee’s company car during the period of the lockdown, HMRC has finally clarified its position with regards to the impact of…