News Archive

UK Announces Tax-Free Childcare Allowance

IPSE, the Association of Independent Professionals and the Self Employed, has welcomed the UK tax authority's announcement that all working parents – including the self-employed – can now receive a tax-free childcare allowance.

Brexit: EU Explains Tax Impact On Cross-Border Trade

The EU's Directorate-General for Tax and Customs Union has explained how the UK ceasing to be a member of the European Union will impact the customs and value-added tax rules applying to UK businesses and EU firms trading with the UK.

UK Tax Advisers Welcome Inheritance Tax Review

The Chartered Institute of Taxation (CIOT) has welcomed the announcement that the UK's Office of Tax Simplification (OTS) is to undertake a review of inheritance tax.

Dutch Firms Face Substantial Brexit-Related Tax Costs: KPMG

The Government of the Netherlands has warned Dutch companies trading with the United Kingdom that they will face "high costs" if the UK leaves the European Union without a deal.

UK Encouraged To Add Tax Hikes To Austerity Drive

The United Kingdom should look to tax measures to bring down the deficit and focus on the self-employed and value-added tax rules, the International Monetary Fund has recommended.

UK Guides On Tapping EIS Tax Scheme Investment

The UK Government has recently issued guidance on the conditions that companies must satisfy in order to raise additional funds from investors using the Enterprise Investment Scheme (EIS), which provides tax relief to investors in higher-risk small companies.

UK Releases Guidance On Royalties WHT Proposal

The UK Government has released a consultation on the royalty withholding tax targeting digital firms announced in the UK's most recent Budget.

UK Publishes Legislation For Post-Brexit Cross-Border Taxes

On November 21, the UK Government published the Taxation (Cross-border Trade) Bill, previously known as the Customs Bill, providing for the introduction of an independent customs regime for the UK when the country leaves the European Union.

UK Introduces Criminal Offense For Facilitating Tax Evasion

Corporations could be prosecuted if they fail to prevent staff from criminally facilitating tax evasion, under a new HM Revenue and Customs (HMRC) law.

HMRC Announces Simpler 'Self-Assessment' Tax Regime

UK self-assessment taxpayers may no longer have to file returns or will have their compliance burden significantly reduced under the tax agency's plans to partly or fully fill returns automatically.

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