UK groups advocate caution in tackling cash-related evasion

The UK government is mindful of the need to avoid unintended consequences for compliant businesses if any new proposals to tackle cash-related tax evasion are adopted, HM Treasury said …

In a summary of responses to consultation, Treasury reiterated its view that Making Tax Digital will result in more accurate and timely record-keeping and said organisations have indicated support for the reform. But it acknowledged that some respondents expect action to tackle tax risks associated with cash to have a limited impact on compliance because “the dishonest minority would continue to evade tax by other means”. My story for Tax Notes (paywall), May 7:

U.K. Groups Advocate Caution in Tackling Cash-Related Evasion

Thoughts on “a quick Google” of tax and consumer protection law

When Joe Lycett told the BBC’s You and Yours about his new consumer TV show last month, he mentioned that, following recent correspondence with local councils about car parking fines, he now knows a little bit about the Consumer Protection from Unfair Trading Regulations 2008. He went on to recommend that listeners dealing with an issue “just have a quick Google of that”.

I don’t have any such issue just now but I did Google the regulations and the government’s online version is here. There is a warning – not prominent enough, but it’s there – that “this is the original version (as it was originally made)”.

The regulations are currently available at legislation.gov.uk only in their original, 2008 format. Go to the “more resources” page and you can bring up a list of 37 changes that are not yet reflected in the government’s published version. Not very consumer-friendly, is it. Continue reading

MPs question national insurance impact assessment

Members of Parliament questioned the U.K. government’s view that proposed new national insurance charges will not affect employees and complained that they were not given enough time to prepare for a debate.

After 80 minutes of debate on April 30, MPs approved the National Insurance Contributions (Termination Awards and Sporting Testimonials) Bill at its second reading in the House of Commons, but a cross-party public bill committee will now examine the bill in detail. My news story for TaxNotes (paywall), May 1:

U.K. MPs Question National Insurance Impact Assessment

Treasury dismisses cross-party calls for loan charge delay

The UK government has rejected a call from more than 150 members of Parliament for the suspension and independent review of the controversial loan charge.

Financial Secretary to the Treasury Mel Stride insisted that the charge is not retrospective, telling MPs that “there was never a time” when the payment model used in disguised remuneration schemes was “correct within the tax rules.”

MPs concluded on April 11 a backbench business debate that was suspended on April 4 because of a water leak. A cross-party motion expressed “deep concern and regret” about the “mental and emotional impact” of the loan charge.

My news story for Tax Notes (paywall), April 12: https://www.taxnotes.com/lr/resolve/worldwide-tax-daily/u-k-treasury-dismisses-cross-party-calls-for-loan-charge-delay/29cc