The Inheritance Tax (Delivery of Accounts) (Excepted Estates) (Amendment) Regulations, SI 2011/214, amend the excepted estates regulations, which set out the circumstances in which a person is not required to deliver an inheritance tax account to HMRC of the property comprised in the estate of a
The Inheritance Tax Avoidance Schemes (Prescribed Descriptions of Arrangements) Regulations, SI 2011/170, extend the disclosure of tax avoidance schemes regime (DOTAS) to inheritance tax by describing certain IHT arrangements involving transfers of property into trust which must be notified to HM
Patrick Way on EIS and connection
Almost seven million people filed their self assessment tax returns online this year, and a record 572,455 online returns were filed on 31 January. More than 49,000 of those returns were filed between 4pm and 5pm.
‘The Big Four accountancy firms have come under attack for maintaining on average more than 20 offices each in offshore tax havens despite countries working together to crack down on tax avoidance … MP Chuka Ummuna, who earlier this month confronted Barclays chief executive Bob Diamond over the b
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.
Several core areas of small business taxation have been raised and debated ‘time and again’ during the recent roadshows organised by the Office of Tax Simplification.
John Cassidy on WikiLeaks and privacy
The Dormant Bank and Building Society Accounts (Tax) Regulations, SI 2011/22, have been made to ensure that the transfer of a balance in a dormant account to a ‘reclaim fund’ is ‘tax neutral’ and that operation of the unclaimed assets rules does not increase tax compliance burdens on financial in
Adam Feuerstein reviews the FATCA withholding and other US tax law changes affecting UK funds