Tag Archives: scheme

New HMRC position on Construction Industry and Levy

HMRC this week revised their position on the Construction Industry Training Board (CITB) levy and if it can be deducted for Construction Industry Scheme (CIS) purposes. HMRC now say that: “We can confirm that the CIS applies only to payments … Continue reading

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Wheels Fall off Tax Scheme used by Chris Moyles

The ex-BBC star Chris Moyles used an artificial tax scheme designed to generate supposed losses in car dealing, which were then to then be claimed to reduce his tax bill. As a tax barrister I was not surprised the Tax … Continue reading

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Contractors Challenging HMRC

As a tax barrister the news that more contractors are challenging HMRC using judicial review is interesting. There is a constant tension between HMRC jumping down on seemingly any business plan by small business and contractors trying to have more … Continue reading

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General Anti-Avoidance Rule Hitting Wrong Target ?

The Institute of Chartered Accounts has published a response, TaxRep 55/13, to HMRC’s August consultation on targeting promoters of dubious tax schemes. The problem is that adding yet another layer of expensive compliance onto already regulated tax advisers will just … Continue reading

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UK Schemes Add 10% Plus VAT to Energy Bills

The UK energy minister was forced this week to admit government schemes added “just under” 10% to energy bills on top of VAT. The revelation came in a television debate about the latest above-inflation price rise by an energy company. … Continue reading

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HMRC Challenge to Offshore Employment Loan Schemes

HMRC have announced a challenge to certain contractor employment loan schemes. The arrangements typically involve working in the UK but employment by an overseas entity. The contractor is then paid partly in the UK, but with the majority by offshore … Continue reading

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CIS Top Ten Tips for Company Repayment Claims

I have a special interest in CIS, construction industry tax deduction scheme, so was pleased to see HMRC publishing a top ten tips for companies with CIS repayment claims. All basic stuff, like ensuring the company’s agent has a valid … Continue reading

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