George Osborne will present his fifth Budget on 19 March in the context of an improving outlook for the economy. David Smith looks at what might be in store
Andrew Goodall comments on the Fair Tax Mark
Sarah Nicholson answers a query on the impact of the proposed measures on share option gains
The ICAEW Tax Faculty has expressed support for the recently launched Fair Tax Mark (FTM) (see last week’s Tax Journal, page 8), saying it is ‘an initiative we are right behind’. The announcement was posted on the ICAEW’s website and has met with a mixed reaction from members.
HMRC has published draft legislation amending FA 2007 s 107.
Revenue & Customs Brief 09/14 explains that bitcoin is the world’s first decentralised digital currency, known as ‘cryptocurrency’. Bitcoin works via a peer to peer independent network which manages all functions such as issue, transaction processing and verification.
Where loans are written off or provided for in the accounts of the lender, or released and written back in the accounts of the borrower, there can be exceptions to the basic rule on the tax treatment of loan relationships. Paul Howard explains
After 11 years of litigation, the Supreme Court has held that a claimant can make successive claims for cross-border group relief as long as they are not time barred. Simon Whitehead and Rachel Garwood review the decision and examine the implications
The guidance was reissued on 20 February 2014 and applies from 4 November 2013. It has been updated to reflect legislative changes, in particular in relation to the employment and confidentiality hallmarks and the extension of DOTAS to the new annual tax on enveloped dwellings (ATED).
The First-tier Tribunal has quashed a disclosed tax avoidance scheme which sought to generate significant losses.