Tag Archives: HMRC

Collyer Bristow instructed in HMRC -v- Wilkes : High Income Child Benefit Charge

On Wednesday 26 May 2021, the Upper Tribunal (The Hon. Mrs Justice Falk DBE and Judge Timothy Herrington) will hear HMRC’s appeal in the leading “High Income Child Benefit Charge” (the HICBC) case. The taxpayer assessed to the HICBC is …

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Introduction of VAT ‘reverse charge’ from 1 March 2021 for building and construction services

From 1 March 2021, the domestic VAT ‘reverse charge’ for supplies of building and construction services will come into operation. The new measures apply to VAT-registered businesses who are supplying/receiving standard or reduced-rated services reported under the Construction Industry Scheme …

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Coronavirus: Furlough Leave – Updated Government Guidance

The HMRC online portal is now open for applications from businesses to claim 80% of the wages of furloughed employees up to £2,500 per month per employee. More than 140,000 businesses applied using the portal for over 1.3 million employees …

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Coronavirus: Furlough Leave – HMRC portal now open

Around four weeks after first being announced by the government, HMRC went live with its furlough portal at 7am on Monday 20 April. You can access the portal here. There were some inevitable teething problems and the website, as expected, …

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Coronavirus: tax relief for the self-employed

Pressure is increasing on the government to announce more help for the self-employed, who make up a significant part of the country’s economy.  Around 5 million people have been attracted to this way of working, which has given them flexibility …

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How are your cryptoassets taxed?

Cryptocurrency has been firmly brought under Benjamin Franklin’s two certainties of life as HMRC published a revised guidance on cryptoassets on 20 December 2019. It came in the form of two documents ‘Cryptoassets: tax for individuals’; and ‘Cryptoassets: tax for …

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