Weekly tax brief | 26 September 2018

National Minimum Wage: working smarter and harder pays off for HMRC
George Bull
The latest BEIS report shows that the government is serious about enforcing the national living wage and the national minimum wage. However, more than half of all investigations are closed with no additional tax payable. HMRC must improve its targeting processes to reduce the number of employers who are subjected to costly, burdensome and unnecessary investigations. And at around £23.7m the combined arrears (not self-corrected by employers) and penalties are less than HMRC’s costs of £25.3m. Does this represent value for money?

Forget businesses, is HMRC ready for Making Tax Digital?
Andrew Hubbard
We are now only six months away from Making Tax Digital becoming a reality. Businesses are at different stages in their preparation for the change but there is another side to this: how well prepared is HMRC?  

The only certainty is uncertainty 
Rachel de Souza
Taxpayers have recently been dogged by uncertainty in tax legislation. The latest example relates to the overseas transfer charge (OTC) which applies where UK pensions savings are transferred to a qualifying overseas pension plan (QROPS).

Tribunal ruling is a welcome step in open justice
Sarah Saunders
A recent tribunal has ruled that third parties are entitled to access skeleton arguments before a hearing. So what does this mean and why does it matter? 

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