Weekly tax brief - 5 April 2017

In this bumper edition of RSM’s weekly round-up of the most important tax news, we cover the latest developments.

HMRC’s digital woes – time to press the panic button?

05 April 2017

Three critical HMRC digital projects are running into problems. The obvious solution is to increase HMRC’s budgets, and to ensure that it has plenty of skilled, experienced IT experts. Unfortunately, precisely the reverse is happening. We review the implications.

Gibraltar - what's all the fuss about?

05 April 2017

Discussions about the position of Gibraltar in the Brexit negotiations, and after Brexit, are generating far more heat than light. For those who want more data, we provide a simple comparison of the key elements of the tax systems in Gibraltar and Spain.

Why the new tax year makes planning ahead even more important

05 April 2017

The start of a new tax year is a reminder that it is never too early to plan your affairs tax efficiently for the coming year. Making plans now can help maximise reliefs and allowances, aid cash flow through the understanding of what tax is payable and when, and avoid a last minute dash to the finish line this time next year.

When it comes to tax disputes, is it right to give celebrities anonymity?

05 April 2017

When a dispute between HMRC and a taxpayer cannot be resolved without recourse to an independent tax tribunal, what happens then to the balance between confidentiality and open justice? And is there a case to grant celebrities anonymity?

Why are HMRC being so coy about the data they hold on taxpayers?

05 April 2017

An OECD report this week highlighted the ways in which tax jurisdictions around the world are using technology to prevent, identify and tackle those perceived to be cheating the system. HMRC uses its own supercomputer system called Connect to find out about taxpayers’ financial affairs but is strangely coy about revealing how much it knows.

What the Great Repeal Bill means for Indirect Tax

05 April 2017

The UK Government has already started on the practical steps required for life outside the EU by publishing the ‘Great Repeal Bill’ White Paper which provides some detail on how the UK’s indirect tax system will transition into post-Brexit UK.

Post-Brexit customs system runs into trouble

05 April 2017

With a possible five-fold increase in the number of transactions requiring customs clearance following Brexit, confidence in the successful implementation of the Customs Declaration Service (CDS) is critical.