Experts at Deloitte examine the tax issues for retail businesses. Abdul Nabi (Marks & Spencer) and Jan McLeish (Sainsbury's) provide in-house views.
Problems are ‘extremely likely’ to arise after legislation is enacted
Marc Selby suggests that the draft sub-sale relief legislation is at odds with the government's tax simplification programme.
James Meakin answers a query on the tax issues for an offshore property investment company.
Sarah Cormack considers the draft legislation on the new CGT regime for high-value dwellings.
Targeted anti-avoidance rules to apply from 21 December 2012
There are better alternatives than a mansion tax for politicians to find revenues in the short to medium term, Alex Henderson writes.
The government is consulting on a new annual charge on residential properties valued over £2m owned by certain ‘non-natural’ persons, and a proposed extension of capital gains tax to the disposal by non-resident, non-natural persons of residential property for more than £2m.
Six new HMRC taskforces – specialist teams that undertake ‘intensive bursts of activity’ in high risk trade sectors and locations – are expected to recover tax of more than £23m, the department announced.
The Scotland Bill received Royal Assent on 1 May and is now the Scotland Act 2012.