Now that Making Tax Digital (MTD) for VAT is in effect, it’s easier to reflect on HMRC’s digitalisation initiative with clarity.
Where before certain parts of the legislation initially appeared unclear, today we’re able to identify the exact responsibilities of both clients and accountants. Whether that’s knowing how to move your accounts online or selecting bridging software to ensure compliance, all parties now have the resources to stay on the right side of the taxman come tax return deadlines.
A list of tax avoidance schemes whose users may be required to make an upfront payment of tax has been published today by HM Revenue and Customs (HMRC).
HM Revenue & Customs (HMRC) has published two draft statutory instruments for external technical consultation together with a commentary on the regulations.
The government has today called on industry to submit their thoughts on the future of the UK oil and gas tax regime.
The Irish Revenue has updated their guidance on the tax treatment of lump sum payments on a redundancy or a retirement. Such lump sum payments may be exempt from tax or may qualify for some relief from tax.
The Irish Revenue has published updated guidance on the VAT Transfer of Business Relief. The guidance covers the VAT relief on the transfer of goods, goodwill or other intangible assets between accountable persons.