Previously we wrote about a controversial proposal by HRMC to make it an automatic criminal offence to hold any undeclared taxable income offshore.
It seems as though HMRC are backing away from this proposal, which many commentators have welcomed, as… Continue reading
London suffers highest annual tax enveloped dwellings (ATED).
London is suffering the highest burden on a recently introduced tax on high value, over £2m in value, which targets properties owned by non natural persons.
This tax has raised a substantial… Continue reading
The Government may have next April and unexpected tax windfall. It is expected from April 2015, people will be allowed to access their pension funds, under the new UK Pension reforms.
It is expected that people will be able to… Continue reading
The Inland Revenue were once the least least frightening of the all the UK tax authorities, lagging behind the VAT people who had inspection powers comparable to the police service.
Now that Inland Revenue and HM Customs and Excise have… Continue reading
If you have been paid a bonus and your employer reclaims it through your contractual obligations, rather than a breach of contract then you may be able to claim income tax relief of the amount reclaimed.
There has been a… Continue reading
The Organisation for Economic Co-Operation and Development, OECD, an organisation which promotes policies which will improve the economic and social welfare of people around the world which has published, on the 21 July 14, a publication outlining the standards agreed… Continue reading
The Finance Bill has now received Royal assent and controversial accelerated payment notices are now law. This means from next month HMRC can issue accelerated payment notices to people HMRC consider have been involved in tax avoidance vehicles and demand… Continue reading
Tax avoidance is an all too common headline in the papers these days, it seems as though almost every celebrity is at it to some degree or another, while the man or woman in the street is struggling to make… Continue reading
How should Freelancers and contractors cope with the world cup?
The football world cup is just around the corner and the excitement is building for both football and non football fans alike.
The world cup give employers an added problem,… Continue reading
One thing most people would agree on is tax is complicated. The detail of tax is where people will disagree and politicians spend an awful lot of time debating, amending, rewriting and tinkering with tax laws.
An aspect or idiosyncrasy… Continue reading