Issue : Vol 187, Issue 4784

Never-ending spiral of complexity

The fallout

An eye for detail?

Key points The reduction, to £250,000, of profits at which the full rate of corporation tax applies will result in substantial numbers of companies paying 25%. The limits are lower where there...

On your bike

Multiple completion contracts used in share buyback.

Temporary VAT cut for hospitality sector.

Tax status of UK resident’s funds originating in Egypt.

Are charges for oil exploration services a land supply for VAT?

Foreign profits UK tax on US property proceeds and foreign income. I have recently been approached by a high net worth husband and wife who have financial interests in several jurisdictions. They...

Requiring companies to report quarterly as part of making tax digital (MTD) for corporation tax offers little benefit to HMRC and will impose a significant burden on businesses, the ICAEW’s Tax...

The Welsh government has extended the temporary increase to the nil rate band of land transaction tax for residential property transactions to 30 June 2021.So the nil band for transactions before 1...

A new government-backed loan scheme is to be launched to help businesses access finance as they recover from the disruption of the pandemic.Treasury guidance explains that the recovery loan scheme...

In CRC v News Corp UK and Ireland Ltd [2021] EWCA Civ 91, the Court of Appeal found that supplies of digital publications before 1 May 2020 are standard rated. In new guidance, HMRC confirms this...

HMRC paid £2.5m in legal costs for cases it lost against taxpayers in 2019-20, according to a freedom of information request by Pinsent Masons.This represents an 88% increase from 2018-19 when...