EU Directive: new mandatory disclosure rules and their impact in the UK

Tom Passingham General Taxation Leave a Comment

On 25 June 2018, significant new EU cross border direct tax disclosure rules came into force, which will have an impact on businesses across the bloc. These rules now fall to be implemented by all 28 EU Member States (including the UK under the terms of the expected Brexit transitional agreement). At first blush, the new requirements might resemble the …

July Online Service Updates

Steve Savory Bloomsbury Professional News Leave a Comment

What’s new in our tax online services? Steve Savory summarises the highlights. Big news this month is the publication of a major new, one volume guide to UK accounting standards. “One volume” doesn’t mean “small” though – A Practical Guide to UK Accounting and Auditing Standards by Steve Collings runs to more than 1600 pages and contains more than 350 …

Blog: UK Research and Development Third Edition

Maria Kitt General Taxation Leave a Comment

UK Companies can now retrieve up to 33% of their RD spend through HMRC reliefs and tax credit payments. Yet fewer than an estimated 37% of Companies eligible for this important funding do so. UK Science and Technology Companies are rarely far from the News, with important 5G and Space Satellite programmes reaching worldwide platforms. Why then, is the RD …

One Month in a Minute: May 2018

Lee Sharpe General Taxation Leave a Comment

GOING DIGITAL HMRC announced in a Public Accounts Committee session on 30 April 2018 that its digital transformation programme was being slowed down in some areas, to meet demands for resource as a result of Brexit. While MTD for VAT is still on track for April 2019, other projects are being sidelined: The simple assessment programme involves HMRC issuing tax calculations …

VAT news and cases roundup: May 2018

Andrew Needham VAT and Customs Duties Leave a Comment

Brexit cost for small businesses Following Brexit, the distance sales thresholds will disappear and UK e-retailers could have additional compliance costs. In a survey of 989 small e-retailers the estimated cost per company of new EU VAT registration and returns obligations could amount to €28,568 p.a. for each business. An estimated 27,040 UK small companies selling goods online across the …