The Finance Act 2010, Schedule 6, Part 1 (Further Consequential and Incidental Provision etc) Order, SI 2012/735, applies a new definition of ‘charity’ for the pu
‘Nick Clegg has been forced to soften proposals for a “tycoon tax” less than 48 hours after announcing it as a flagship policy at his Liberal Democrat party’s spring conference.
The Treasury Committee has questioned whether estimating the ‘tax gap’ serves any useful purpose in HMRC’s work and pointed out that encouraging taxpayers to pay the right tax voluntarily is ‘by far the most efficient way’ to close the gap.
It is ‘not possible’, because of taxpayer confidentiality, to estimate the collective losses that banks in which the state has an interest may set against future tax liabilities, Mark Hoban, Financial Secretary to the Treasury, said in a
Age-related tax allowances, the taxation of savings and ‘convoluted’ PAYE forms have been identified by the Office of Tax Simplification as the areas of the tax system that cause the most problems for pensioners.
Helen Lethaby provides your monthly update, which includes coverage of the government’s action to close down ‘abusive’ debt buyback planning retrospectively and the appointment of the new Assurance Commissioner to oversee large tax settlements.
A new YouGov poll shows a ‘strong demand for tougher government action’ on corporate tax avoidance, according to ActionAid, the anti-poverty group. The poll of 1,764 adults found that 79% thought the UK government was not doing enough to tackle avoidance by large businesses.
‘Liberal Democrats are prepared to see the 50 pence top rate of income tax abolished in return for a tax on property, Vince Cable said today.