John Endacott provides a review of recent developments, including the new higher late filing penalty, plus the Swiss deal and the LDF
Jo Summers reviews alternatives for HNWI and non-dom clients to structure remuneration packages, in light of the new disguised remuneration rules
The annual subscription limit for an Individual Savings Accounts (ISA) will increase to £11,280 – up to half of which can be saved in a cash ISA – from April 2012, HM Treasury announced.
HMRC issued a further reminder that taxpayers filing a paper tax return after 31 October face a £100 penalty.
Tax campaigners have called for the ‘immediate cancellation’ of the UK government’s tax agreement with Switzerland. The Tax Justice Network published details of ten ‘escape routes’ in the agreement, which is designed to tackle evasion by British residents using secret Swiss bank acccounts.
HMRC’s new Offshore Co-ordination Unit is to write to UK residents and organisations holding bank accounts with HSBC in Geneva who may have undisclosed tax liabilties.
The Finance Act 2011, Section 42 (Appointed Day) Order, SI 2011/2459, appoints 13 October 2011 as the day on which FA 2011 s 42 (enterprise investment scheme: amount of relief) comes into force.
Martin Mann explains the key tax consequences for businesses and shareholders alike