Robert King examines the tax traps SMEs fall into and how to avoid them
HMRC are seeking views on how to ensure that genuine losses incurred in business or employment are relieved against income or gains while deterring taxpayers from entering into tax avoidance arrangements intended to exploit the reliefs.
Carolyn Steppler reviews the proposed changes to the remittance rules
Heather Gething and Rupert Shiers examine the proposed three-part test
Amanda Sullivan provides your at-a-glance guide
HMRC will not issue national insurance number cards to adults from next month. Adults who need a national insurance number for the first time will receive the number in a letter from the Department for Work and Pensions.
The Office of Tax Simplification is to examine the complexities surrounding share schemes and pensioners’ taxation, having identified these areas as having the potential to benefit a significant number of taxpayers, tackle legislative complexity and streamline tax administration.
The UK has been ranked behind five major competitors on personal and business taxation, according to a Populus poll for The Times in which voters were asked to rate the UK’s ‘performance’ in terms of ‘the level of personal taxation’ and ‘the level of taxes on wealth creation’.
New research suggests that the UK has one of the highest tax burdens for both low and high earners of ‘any major economy’, according to UHY Hacker Young.
HMRC are offering employers who have utilised Employee Benefit Trusts and similar arrangements the opportunity to resolve outstanding enquiries without recourse to litigation. Adam Craggs considers whether employers should take up this opportunity.