Susan Cattell

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Consultation on simplifying the taxation of offshore interest

Dec 5, 2024 | icas.com | Susan Cattell

We outline HMRC proposals for simplifying the taxation of offshore interest. HMRC published a discussion document in 2021 exploring how it could help taxpayers to get their offshore tax right. This included consideration of the causes of common errors made by taxpayers and suggested some ideas for how HMRC could address these issues.
Modernising the tax administration framework: the latest consultation

Dec 5, 2024 | icas.com | Susan Cattell

We outline proposals for new ways of tackling non-compliance in the latest consultation on modernising and reforming the tax administration system. The previous government had published a 10-year strategy in 2020 to build a trusted, modern tax administration system. Before the 2024 general election there was an important call for evidence on enquiry and assessment powers, penalties and safeguards.
What might be announced in the Chancellor’s Budget?

Oct 16, 2024 | icas.com | Susan Cattell

With speculation about tax increases in the Budget hotting up, we look at what the Chancellor might announce on 30 October. On 29 July, the new Chancellor told the House of Commons that she had identified a £22 billion hole in the public finances and warned that tax rises were on the way in the Budget. Since then, the Institute for Fiscal Studies has suggested that the Chancellor might need to find up to £25 billion in tax increases to avoid spending cuts and a return to austerity.
New HMRC evidence requirement for PAYE employment expense claims

Oct 8, 2024 | icas.com | Susan Cattell

HMRC is introducing a new requirement to provide evidence for PAYE (P87) employment expenses claims from 14 October. We outline the changes. Employees can claim income tax relief for allowable expenses, where their employer does not reimburse them. The relief can be claimed through PAYE if the amount is up to £2,500. HMRC has found that increasing numbers of ineligible claims are being submitted for employment expenses.
Positive changes to the ADL in response to feedback from professional bodies

Oct 3, 2024 | icas.com | Susan Cattell

HMRC is making improvements to the Agent Dedicated Line (ADL) in response to feedback from professional bodies, including ICAS. Discover what you need to know about the changes. As you'll be aware HMRC has made various changes to the ADL in the past year, which have been outlined in earlier articles. We have fed back your comments on the changes, including the split approach to dealing with PAYE and Self Assessment queries.
Proposed changes to the provision of written decisions by the tax tribunal

Oct 1, 2024 | icas.com | Susan Cattell

We outline proposals to change the rules on the provision of written tribunal decisions. The Tribunal Procedure Committee has published a consultation on proposed changes to the procedures for providing written decisions for several tribunals, including the First Tier Tribunal (Tax). The proposals for the tax tribunal are set out in paragraphs 29 to 31 of the consultation.
ICAS responds to the technical consultation on VAT on private school fees

Sep 16, 2024 | icas.com | Susan Cattell

Read our response to the technical consultation on charging VAT on private school fees, and discover why specific guidance and adequate HMRC resources are vital to avoid negative impacts. The King’s Speech on 17 July included the expected confirmation that the government will impose VAT on private school fees. Subsequently, on 29 July, a technical consultation was published explaining how the policy will be implemented. A previous article discussed the consultation in detail.
New residence-based system for inheritance tax

Aug 26, 2024 | icas.com | Susan Cattell

We take a look at the major changes to inheritance tax that are on the way for non-domiciled individuals (non-doms). The abolition of the non-dom tax regime is a longstanding Labour policy that was taken up by the Conservatives in their final Budget before the general election. However, it was anticipated that the details wouldn’t remain the same if Labour formed the new government.
VAT on private school fees - technical consultation

Aug 7, 2024 | icas.com | Susan Cattell

We examine the details of the technical consultation on the implementation of the new government’s decision to charge VAT on private school fees. The King’s Speech on 17 July included the expected confirmation that the government will impose VAT on private school fees. However, we had to wait until 29 July and the publication of a technical consultation for the details of how the policy will be implemented.
HMRC service standards remain the key concern of the Charter Stakeholder group

Aug 1, 2024 | icas.com | Susan Cattell

HMRC service levels remain the key concern for the Charter Stakeholder Group. We outline the group’s contribution to the annual report on how HMRC has performed against its Charter standards. HMRC has a Charter that sets out the standards of behaviour and values it should demonstrate in dealing with taxpayers. It must produce an annual report reviewing its performance against these standards.