The City of London Law Society’s Revenue Law Committee has bemoaned the government’s ‘lack of respect for legislation as the only proper source of law, and over reliance on guidance’ as a source of uncertainty in taxation policy, in its response to the Office of Tax Simplification’s review on tax
Finance Bill 2014 included proposed legislation for social investment tax relief, a relief available to investors in social enterprises from 6 April 2014. Tim Smith and Richard Wilson take a look.
The cut in the top rate of income tax from 50% to 45% set up a tax avoidance opportunity. The numbers suggest plenty took advantage of it, David Smith reports
The European Commission received the final report of a High Level Expert Group on Taxation of the Digital Economy on 28 May 2014.
Discontinuation of a trade on incorporation
IBA on storage facilities
Peter Mason answers a query on the problems with VAT groups in the case of a US banking client.
According to the Financial Times (26 May), the public row over alleged ‘sweetheart’ deals between the UK taxman and big companies has left some businesses struggling to resolve tax disputes in what one executive described as a return of ‘cops and robbers’.
Group relief when the link company is non-UK resident
Were interest payments UK sourced?