HMRC will ‘stay on the trail’ of British investors who fail to come clean under the UK-Switzerland agreement signed last week, an investigations expert has told Tax Journal.
The government has set out the top rate of tax on personal income, and details of the tax thresholds adjusted for inflation, for the years 1975/76 to 2010/11. This is an extract from the table provided in a House of Lords written answer:
HMRC has confirmed that the European Commission has approved two changes announced in Budget 2011 to the enterprise investment scheme.
FA 2011 s 42 increased the rate of income tax relief 30% for investments made on or after 6 April 2011.
Government debt is more important now than ever. Ian Carnochan provides background to UK government gilts and explains their tax treatment
HMRC has designated LIFFE Administration and Management as a recognised stock exchange under ITA 2007 s 1005(1)(b) with effect from 26 September 2011.
HMRC issued a further reminder last week that penalties for late filing of self assessment tax returns are changing.
Tax experts who have been calling for a statutory definition of ‘residence’ for many years have welcomed proposed reforms but flagged a number of issues to be addressed.
HMRC has announced a further change to the rates of bonuses payable on SAYE share option schemes.
Five-year contracts attract a zero rate with effect from 23 September. The rates for three-year contracts were reduced to zero with effect from 12 August.