Tax avoidance schemes and accelerated payments

HMRC has today published a list of those avoidance scheme reference numbers (SRNs) whose users may be issued with an accelerated payment notice (APN).

Tax implications of the new UK GAAP

The transition to UK GAAP will bring with it some tax changes. Read more here.

Substantial shareholding exemption

The substantial shareholding exemption exempts the disposal of certain shares in subsidiaries from corporation tax on any capital gain.

Appeal provisions

Changes to appeal provisions for out of time reviews.

Travel costs – deductible or not?

The Samadian case outlines the key considerations when considering what relief is available for travel and when travel to work is not travel to work.

HMRC Agent Dedicated Line - Debt Management and Banking

HMRC have asked us to highlight their new dedicated debt management and banking helpline.

HMRC’s alternative dispute resolution

HMRC's Alternative Dispute Resolution Service has now been made nationwide and permanent and offers a simpler way of resolving tax disputes.

Construction industry scheme repayment

Guidance and information is being produced by HMRC to help ease the time and cashflow burden faced by subcontractors. ACCA and other professional bodies have provided input.

HMRC powers: pension schemes

HMRC gains new powers relating to pension schemes.

HMRC Agents Blog

As part of its Tax Agent Strategy, HMRC has introduced a new agents blog, providing useful information for agents.

Accelerated payments "tax-follower" cases

New legislation will place greater emphasis on previously decided tax cases.

HMRC powers extended - Direct collection from bank accounts

The government plans to give HMRC the power to recover tax directly from debtors’ bank accounts.

Upfront payment of tax associated with avoidance schemes

Taxpayers will be required to pay upfront tax disputed under schemes that fall within the DOTAS rules or are counteracted under the GAAR.

LLPs in the spotlight

Under the Finance Bill 2014, salaried members of limited liability partnerships (LLPs) will become employees under certain conditions, while excess profits in mixed partnerships will be reallocated...

Corporation tax: changes ahead

Continued reduction in the corporation tax rate, removal of associated company rules, creative industries tax relief and a tightening of group profits movement were Budget highlights.

R&D Cashback for loss-making SMEs

Small and medium-sized enterprises that make a loss stand to benefit from an increase in research and development tax credits.

RTI penalties - HMRC announces a relaxation of penalties

Following feedback from taxpayers and the professional bodies, HMRC has decided to stagger the start of new, automated, in-year late payment and filing penalties, to give HMRC and employers more time to adapt to reporting in real time.

RTI: reporting, payments and penalties  

Just as the penalty regime commences, new information will need to be added to payroll submissions.

Let property campaign

The Let Property Campaign targets the residential property letting market and offers a chance for landlords in this sector to get up to date or put right any errors they have made.

Tax Information - HMRC and GOV.UK websites  

HMRC business and agent content is gradually being transferred to the Gov.UK site.

Business Income Manual - New UK GAAP

Just as the penalty regime commences, new information will need to be added to payroll submissions.

Autumn statement and corporation tax

HMRC have introduced changes to Extra Statutory Concession D33 (Capital Gains Tax on compensation and damages).

HMRC extends Real Time Information (RTI) holiday for micro-employers

HMRC has extended the RTI holiday for employers with 9 or fewer employees until 6 April 2016.

Income tax, national insurance, pensions and tax credits

What changes to personal taxes were announced in the Autumn Statement?

Withholding tax rates

Maximum rates of tax those countries with a Double Taxation Agreement with the UK can charge a UK resident on payments of dividends, interest, royalties and management/technical fees.

HMRC enquiries – re-opening earlier years

Tribunal case reveals that HMRC’s method of calculating income for earlier years on the basis of spreading is open to challenge where a more reasonable and accurate method is appropriate

Loan relationships - common problems demystified

Understand the basics of the loan relationships legislation and some of the more common real-life scenarios that crop up.

Loans to directors, trusts and LLPs

Anti-avoidance legislation aimed at loans to directors to be extended.

Seed enterprise investment scheme - HMRC guidance

Several changes to the SEIS were announced in this year’s Budget.

Termination payments - a refresher

The tax consequences of termination payments on cessation of employment

Repairs and renewals

HMRC have issued Revenue and Customs Brief 05/13 Direct tax: Guidance on repairs and renewals of assets, its draft guidance on what is a repair for direct tax purposes.

Research & Development Tax Relief

An overview of the tax reliefs available on expenditure on research and development

Back to basics: loan interest relief

A look at the rules relating to tax relief on loan interest.

Above-the-line credit

Budget 2013 announced the introduction of an above-the-line credit for research and development (R&D) expenditure incurred by large companies on or after 1 April 2013.

Finance Bill 2013

A look at some of the highlights of the 2013 Finance Bill

HMRC Agent Account Manager service

HMRC has set up a team of Agent Account Managers (AAMs) to assist agents and advisers to deal with HMRC more easily and effectively

Alternative dispute resolution (ADR) becomes permanent

ACCA| HMRC Alternative dispute resolution services becomes permanent from 2013/14.

Charities online

From 22 April 2013, charities and Community Amateur Sports Clubs (CASCs) will be required to use HMRC’s charities online service to obtain repayment of gift aid.

Budget 2013

ACCA have produced a Guide to the 2013 Budget.

Tax treaties

Details of new tax treaties.

Special relief (formerly equitable liability)

Understand the concept of ‘special relief’, formerly known as ‘equitable liability’.

PAYE penalties podcast

Welcome to ACCA's PAYE penalties podcast

Boxing clever - Patent Box

The Patent Box regime came into effect on 1 April 2013

Patent Box

The Patent Box regime comes into effect from 1 April 2013.

Compliance check factsheets

HMRC have published a suite of compliance check factsheets.

Allum & Allum v Marsh

Company purchase of own shares on retirement of directors; whether made for benefit of trade

Transfer pricing - HMRC manuals

HMRC's transfer pricing manuals have been re-ordered and rewritten

Reasonable excuse - September 2012 update

An update on some recent reasonable excuse tribunal cases.

HMRC - Tackling Tax Avoidance

HMRC has issued a new short briefing on its anti-avoidance activities in relation to aggressive tax avoidance schemes.

Finance Act 2012

The Finance Act 2012 received royal assent on 17 July 2012.