Tax relief is not a primary motive for charitable donations, say philanthropists
‘David Davis has put himself at the forefront of a growing revolt over the government's plans to limit tax relief on charitable donations. The influential Conservative backbencher said the government should rethink the plans.
Lakshmi Narain sets out some key tax issues for advisers to consider this month.
Paul Howard explains how relief under TCGA 1992 s 165 applies to a gift of shares.
‘The row between charities and the government over cuts to tax relief deepened on Tuesday after Downing Street suggested that some wealthy people were abusing the system.
The Chancellor has told the Daily Telegraph that he was ‘shocked’ to see that some the UK’s wealthiest people have organised their tax affairs, within the
‘George Osborne was left “shocked” after an analysis of the tax returns of multi-millionaires which he personally ordered found that they are exploiting loopholes to pay little or nothing at all.
The seafarer's earnings deduction (SED) in ITEPA 2003 ss 378-385 was extended to ‘EEA seafarers’ from 2011/12.
HMRC is consulting on proposals changes to the taxation of interest received, and rules on the deduction of tax from interest paid.
HMRC has published an ‘overview’ of the Seed Enterprise Investment Scheme, which will provide tax reliefs for new shares issued on or after 6 April 2012 by small, ‘early stage’ companies. The reliefs will operate alongside the Enterprise Investment Scheme.