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<h1 class="entry-title">Author: <span class="vcard">Jamie Bell</span></h1>

Late filing of Self Assessment tax returns

Taxpayers that have not yet filed their 2014-15 Self Assessment returns will have been charged an automatic £100 penalty for late submission. The penalty applied from 1 February 2016 even if no tax was due or the tax due was paid on time. However, taxpayers who were meant to file online by 31 January 2016, […]

New requirements for large businesses to publish tax strategy

Companies, partnerships, groups or sub-groups that had a turnover of £200m or more, or balance sheet over £2bn in their previous tax year, are now required to publish their tax strategy. This requirement is separate to the 2014 Organisation for Economic Co-operation and Development’s (OECD’s) ‘Country-by-Country Reporting’ model. HMRC’s guidance says the tax strategy should […]

Withdrawal of transitional relief on investment growth

HMRC Spotlights identify specific tax avoidance schemes of which HMRC has become aware and that they consider are not likely to have the legal effect desired by those thinking of using them. According to HMRC, the Spotlights series is designed to help taxpayers avoid unwittingly entering into arrangements that HMRC are likely to treat as tax avoidance. […]

Employment intermediaries reporting deadline

New rules introduced in April 2015 require employment intermediaries, who supply two or more workers to a client, to send HMRC details of workers where they don’t operate PAYE on the workers’ payments. HMRC has created these new rules to help combat issues of false self-employment and the abuse of offshore working by some intermediaries. […]

VED receipts drop after new rules introduced

The use of paper tax discs for cars was first introduced in 1921. In October 2014, the requirement to display a motor disc on a vehicle windscreen was removed. Cars are now checked against the DVLA’s electronic register which the public can use to check the tax status of any vehicle online. Cars can also be […]

Company vehicles and private use

Where employees are provided with fuel for their own private use by their employees the car fuel benefit charge is applicable. The fuel benefit charge is determined by reference to the CO2 rating of the car, applied to a fixed amount. The fixed amount is currently £22,200. For example, in the current 2016-17 tax year […]

Pension auto-enrolment

The introduction of automatic enrolment for workplace pensions is intended to ensure that the majority of employees in the UK are offered the chance to be part of a work based pension scheme. Automatic enrolment into workplace pensions has been rolling out across the UK since 2012. However, the first batch of small and micro employers […]

Tax relief for buy-to-let landlords

HMRC has published new guidance on the upcoming changes to tax relief for buy-to-let landlords. From April 2017, tax relief on mortgage costs is to be restricted to the basic rate of tax. Landlords of residential properties have benefited from tax relief on finance charges, such as mortgage interest for many years. This change marks […]

Tax credit renewals deadline

The 31st July was the last day for families and individuals that receive tax credits to renew their tax credit. As in previous years, there was likely last minute rush when it may have been difficult to contact HMRC by phone. Claims can be renewed by post, phone or online. A press release from HMRC released on […]

Legal challenges to workers’ employment status

Uber, the company which enables users to book and pay for a cab using a smartphone app, has appeared before an employment tribunal following claims by two of its drivers that it is acting unlawfully by not offering them employment rights such as holiday pay and the National Minimum Wage. Uber categorises its drivers as […]