Tax / MoJ calls for taxpayers to test online tax tribunal appeal service

The Ministry of Justice is in the final stages of the prelaunch trials for the online tax tribunals appeal service and is looking for taxpayers to test the system before the launch

Tax / HMRC extends deadline for employee expenses consultation

HMRC has extended the deadline for responses to its consultation on the taxation of employee expenses, which is now set as 10 July, due to the announcement of the general election

Tax / Consultations: May - Jun 2017

A roundup of current consultations from HMRC, including corporate interest deductibility, Making Tax digital penalties, VAT fraud, CGT change for non-resident companies

Tax / HMRC consults on 20% VAT on non-EU mobile roaming charges

HMRC has opened a four-week consultation on plans announced at Budget 2017 to charge UK VAT on all telecommunication services, particularly mobile phone calls and internet browsing, used outside the EU by UK consumers

Tax / OECD sets out plans for first OECD Act on VAT

The OECD has set out plans to issue an official VAT and general sales tax act, incorporated into OECD guidance to help harmonise global compliance and collection to improve levels of VAT and general sales tax collection, and reduce evasion

Tax / Government consults on foreign owners property register

The government is going ahead with plans to create a register of UK property owned by foreign companies with the launch of a six-week consultation on the proposals for a property register

Tax / Government to set up overseas property owner register

Plans to set up a register to monitor ownership of UK properties by overseas purchasers and shell companies look likely to go ahead with the government confirming that the Department for Business, Energy and Industrial Strategy is working on proposals and a consultation will be released in the coming weeks

Tax / HMRC looking to ‘conditionality’ to tackle hidden economy

HMRC is considering the introduction of the principle of conditionality, which would involve making access to licences or services needed to trade conditional upon tax registration, as a way of tackling tax loss via the hidden economy

Tax / Corporate interest deductibility draft guidance released

As new rules on corporate interest deductibility come into force on 1 April 2017 for multinational groups with £2m plus in net interest expense, HMRC has issued a consultation on the draft guidance to iron out any final issues before the measures are included in Finance Bill 2017

Tax / Consultations and tax reviews: April 2017

This month we provide a snapshot of major tax reviews announced in Budget 2017, albeit many without fixed dates for consultations, from Making Tax Digital penalties to HMRC risk profiling for large business tax issues and taxation of benefits in kind

Tax / Landfill tax to be extended to illegal waste sites

HMRC is consulting on whether to extend the scope of the landfill tax to include material disposed of at illegal waste sites, as announced at Budget 2017, in a bid to tackle criminal activity

Tax / Potential tax rule changes for late-life oil and gas assets

The Treasury has now published the discussion paper on the tax treatment of late-life oil and gas assets, first announced at Budget 2017, which considers potential changes to the tax rules to facilitate the transfer of such assets to new investors, in a bid to support economic recovery in the sector

Tax / Making Tax Digital penalty system out for review

With 12 months to go until the start of quarterly reporting under Making Tax Digital, the government has set out three options for the new penalty regime for non compliance ranging from a points-based system to annual HMRC compliance checks although the fines, which could be up to £3,000 for those who keep no financial records, will not kick in immediately

Tax / Cut in money purchase pension allowance limit to £4k effective 6 April

The Treasury has confirmed it will go ahead with plans to slash the money purchase annual allowance (MPAA) scheme for pension transfers to £4,000 with less than a month until the new limit comes into force, reports Sara White

Tax / SDLT payment window cut delayed until April 2018

The implementation of the 14-day window for filing and payment of stamp duty land tax (SDLT), reduced from 30 days, has been delayed to April 2018 after conveyancers expressed concerns over dealing with complex transactions while complying with the new time frame