Melissa Malins and Philip Spencer explain how to mitigate tax liabilities on UK property purchases
Long standing issues in small business taxation have so far proven to be intractable, the Office of Tax Simplification said in its interim report, ‘Small business tax review’, presented to the Chancellor last week
Richard Bramwell QC on a purposive interpretation of distributions received by small companies
Plumbers, gas fitters, heating engineers and ‘members of associated trades’ who sign up to a new disclosure facility and pay outstanding tax liabilities are to be offered a reduced penalty.
Steven Bone on the technical and tactical considerations concerning section 198 elections for capital allowances purposes
A new online resource, ‘Basic PAYE Tools’, is to replace HMRC’s Employer CD-ROM. The resource is available on the Business Link website.
The landscape in a key area of UK tax policy is set to change ‘for ever’, a KPMG tax expert said after the European Commission announced that it has formally asked the UK to amend two anti-avoidance regimes.
Several countries are tackling aggressive tax planning through improved transparency and disclosure, the OECD said.
A new report sets out a range of approaches, from mandatory disclosure to forms of ‘co-operative compliance’.
HMRC is to ‘consider and test’ alternative ways of resolving tax disputes with SMEs, with a view to reducing the impact of ‘avoidable’ disputes.
Tax and benefit changes taking effect in April will amount to a ‘net takeaway’ from households, equivalent to £200 per household, on top of this month’s increase in indirect taxes which was equivalent to £480 per household on average, according to the Institute for Fiscal Studies.