Steve Wade describes the latest proposals.
An employer wants to give shares to employees and allow them to defer payment. Karen Cooper looks at the tax issues.
The availability of entrepreneurs' relief and the timing of gains should be reviewed whenever there is a share reorganisation or a sale of shares in exchange for shares or loan notes in the acquiring company. Paula Tallon and Paul Howard set out the relevant considerations for advisers.
The CIOT has welcomed draft legislation introducing a statutory definition of residence for tax purposes. Budget 2012 announced that ‘ordinary residence’ would be abolished from 6 April 2013 but overseas workday relief would be retained and put it on a statutory footing.
The Automatic Enrolment (Earnings Trigger and Qualifying Earnings Band) Order, SI 2012/1506, sets out revised rates for 2012/13 for the automatic enrolment and re-enrolment earnings trigger and the qualifying earnings
Wendy Walton reviews topical issues, including the new annual charge on UK residential property.
More than 2,400 people have registered to disclose unpaid tax under the Liechtenstein Disclosure Facility (LDF), HMRC announced. The LDF is now expected to bring in ‘up to £3bn’ by 2016.
HMRC has invited comments by 10 July on draft regulations relating to the business investment relief, including in the current Finance Bill, for remittances made for investment purposes.
Five thousand homes, each worth more than £2m, are held through corporate structures that allow the owners to avoid UK taxes, according to unpublished government estimates obtained by Exaro.
The government has received EC state aid approval for changes announced at Budget 2012 to the Enterprise Investment Scheme and the Venture Capital Trust scheme, increasing: