TAX POLICY

The UK has been ranked behind five major competitors on personal and business taxation, according to a Populus poll for The Times in which voters were asked to rate the UK’s ‘performance’ in terms of ‘the level of personal taxation’ and ‘the level of taxes on wealth creation’.

HMRC’s consultation document ‘A new incentive for charitable legacies’ has been amended to correct an error in example 7 on page 20.

This guide sets out the live and proposed Treasury and HMRC consultations, as at 14 June, in alphabetical order of topic. For planned consultations, only the provisional launch date is shown. HM Treasury updated its Tax Consultation Tracker, which...

Helen Lethaby provides this month's update on tax issues affecting the City, including consultation resulting from Basel III, recent accounting changes, the overlooked decision in Audley and an update
on the GAAR study

Responses to the consultation on measures to rebalance the Northern Ireland economy will be accepted until 1 July. The consultation paper published in March invited comments by 24 June.

Tax professionals have welcomed two government consultations on reforms designed to support innovation and productivity in the UK.

The Report Stage Bill, tracking the changes made in Committee of the Whole House and in Public Bill Committee, has been published on the Parliament website.

HMRC have published an ‘informal consultation’ to explore potential changes to the debt cap rules in TIOPA 2010 Part 6 which restrict restricting tax relief for interest and other finance costs. Comments are invited by 5 September. ...

New research suggests that the UK has one of the highest tax burdens for both low and high earners of ‘any major economy’, according to UHY Hacker Young.