Amy Chin

Member Since: 27th Jul 2023

Columnist

Recognition

Thanks: 36

Bio

Consulting Tax Editor for AccountingWEB.

I have spent the last 10 years teaching the accountants of the future, mainly ICAEW advanced level corporate reporting. I also cover tax news and write and edit tax updates for other publishers including PTP Limited.

Amy Chin

Tax writer (BA FCA)

5th Dec 2023

Three simplifications to self assessment

Threshold bumped for 2023/24 The first announcement came in June 2023 when the tax authority bumped the threshold above which individuals...

HMRC & policy

28th Nov 2023

How to advise clients on basis period reform

In the tax year 2023/24, the “transitional year” for basis period reform, many businesses will have additional taxable profits to report...

HMRC & policy

22nd Nov 2023

Cash basis to replace accruals for self-employed

Promising to make it “easier for small businesses as they set up and grow” the Chancellor has announced the expansion of the cash basis of...

HMRC & policy

17th Nov 2023

HMRC fails in pursuit over £182.40 HICBC penalty

Michael Barrett, the appellant in this first tier tribunal (FTT) case , was liable to pay the high income child benefit charge (HICBC) for...

Personal tax

14th Nov 2023

MTD ITSA tax calculator is cause for concern

The topic at the heart of the most recent Making Tax Digital (MTD) co-creation meeting between HMRC and software developers was the MTD for...

HMRC & policy

10th Nov 2023

Agent reference number required on claim forms

From 26 February 2024, paid tax agents submitting form P87 for tax relief on employment expenses and/or MATCF for marriage allowance claims...

HMRC & policy

7th Nov 2023

Fair’s fair in goodwill valuation of care homes

HMRC can challenge deductions claimed by companies (and indeed sole traders and partnerships) either because of a statutory restriction (...

HMRC & policy

2nd Nov 2023

HMRC goes on an Indonesian phishing trip

As the mangrove forests of North Sumatra make way for palm oil plantations, the once abundant freshwater fish reserves are rapidly...

HMRC & policy

27th Oct 2023

Contractor ignored VAT fraud in supply chain

The construction industry carries a notoriously high risk of VAT fraud and contractors are expected to undertake robust due diligence when...

HMRC & policy

24th Oct 2023

Crunch time for McVitie’s in biscuit VAT battle

The makers of McVitie’s biscuits have had another bite of the cherry Bakewell in the age-old saga of VAT applied to confectionery, this...

HMRC & policy

Three simplifications to self assessment

How to advise clients on basis period reform

Cash basis to replace accruals for self-employed

HMRC fails in pursuit over £182.40 HICBC penalty

MTD ITSA tax calculator is cause for concern

Agent reference number required on claim forms

Fair’s fair in goodwill valuation of care homes

HMRC goes on an Indonesian phishing trip

Contractor ignored VAT fraud in supply chain

Crunch time for McVitie’s in biscuit VAT battle

VAT zero ratings may not benefit consumers

Practitioners split on hiking fees for new clients

Three simplifications to self assessment

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