While fuel duty, income tax and corporation tax ‘giveaways’ took the Budget headlines, the CIOT’s attention was drawn to a range of reforms and proposals which could, if they fulfil their potential, make our tax system simpler, more certain and more transparent.
The staged increases in the basic personal allowance to £10,000 will take many low income people out of tax. But it will not necessarily make them better off, because of the complex interaction of the tax and national insurance with the benefits and tax credits systems.
Michael Conlon QC reviews the Budget 2011 Tax Proposals
The government’s new approach to making tax policy inevitably leads to an extended timetable for the introduction of new tax laws.
Revenue & Customs Brief 16/11 sets out how the government intends to legislate HMRC’s extra statutory concession ESC 3.2.2, which sets out how the tax charge applicable to VAT groups should be calculated.
Your impartial, need-to-know guide - plus links to all our detailed analysis (see end of article)
Global contracts and VAT are not a good fit. Julie Park provides practical guidance and top tips for business
The Value Added Tax (Consideration for Fuel Provided for Private Use) Order, SI 2011/898, substitutes a new Table A in VATA 1994 s 57(3).
The Value Added Tax (Increase of Registration Limits) Order, SI 2011/897, increases the registration and deregistration thresholds, for taxable supplies and acquisitions from other member states, in line with inflation with e
HMRC said in Revenue & Customs Brief 13/11, published on 21 March, that they wished to make it clear that the simplified provisions announced in Revenue & Customs Brief 05/11 ‘will only apply to buildings completed on or after