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MAKING TAX DIGITAL: A CATALYST FOR AUTOMATION
In this first part of a six part series (1/6), in conjunction with Tax Journal magazine, we look at the current mood among businesses towards Making Tax Digital for VAT, the appetite for automation, and the benefits a longer term strategy can bring.
GROUP RELIEF FOR CARRIED FORWARD LOSS CLAIMS
Finance Act 2019 removes the unexpected restriction on the group relief carried forward claim where company’s relevant profits do not exceed the deductions allowance available. Under the existing legislation, the deductions allowance may inadvertently limit the amount of relief claimable in such a scenario.
HOUSE OF LORDS PROVIDES A BLUEPRINT FOR MTD for VAT
The House of Lords Economic Affairs Committee has heavily criticised MTD for VAT but its report also revealed what MTD solutions need to bring to the table.
STRUCTURES AND BUILDINGS ALLOWANCES
Finance Act 2019 introduces a new capital allowance pool for qualifying expenditure on structures and buildings. Companies will be able to claim a writing down allowance at 2% of qualifying expenditure on a straight line basis.
IFRS 16 – ACCOUNTING FOR LEASES
IFRS 16 came into force for periods beginning on or after 1 January 2019 but how does it affect your tax computations?
THE DEVIL'S IN THE DETAIL: THE NEED TO AUTOMATE DATA COLLECTION
Data collection has the power to improve tax processing but where are you on the road to automation? Jane Malkin looks at the options.
MAKING TAX DIGITAL...IN MINUTES!
For those who manually enter data and rely upon spreadsheets, the transition to comply with Making Tax Digital can seem like a daunting prospect. But it’s far easier than you might think to take those first steps towards automation and real-time reporting.
SUPPLY AND DEMAND: WHY MAKING TAX DIGITAL STILL PRESENTS A CHALLENGE FOR BUSINESSES
What are the implications of the MTD deferral period announced by HMRC? We consider what this means for those seeking to become compliant.
CORPORATION TAX REVIEW OF FINANCE BILL 2018/19
How will the Budget and Finance Bill affect you? Rob Ogilvie provides an overview.
CHANGES UNDER THE CARRIED FORWARD LOSS RESTRICTION (CFLR)
Find out about the Carried Forward Loss Restriction (CFLR).
THE SKILLS GAP
Andy Mills considers the areas where tax professionals now need to focus on as we move into the era of automation.
MTD – OBSTACLES AND OPPORTUNITIES
What next for MTD? Rob Ogilvie looks at the preparations being made by HMRC and regtech providers in the digital transformation of tax.
BREXIT: THE IMPLICATIONS FOR TAX
How could Brexit affect indirect, direct and customs and excise taxes? Jane Malkin looks at the repercussions.
DAVID AND GOLIATH: TAXING THE DIGITAL GIANTS
Digital service taxation is an area long recognised as ripe for reform. EU leaders have been demanding an “effective and fair taxation” system to ensure a “global level playing field” since last year.
HOW TO COMPLY WITH CORPORATE INTEREST RESTRICTION (CIR)
Discover how Alphatax can assist you in meeting the compliance requirements of the Corporate Interest Restriction (CIR) legislation.