Taxes which collect less than £5bn per annum should be challenged annually, with a view to their repeal or merger with other taxes, says the Institute of Directors (IoD). These taxes include stamp duty on shares (raising £3bn), air passenger duty (£3bn), CGT (£5bn) and IHT (£5bn).
Tax penalties also under review
The Office for Tax Simplification (OTS) has published its final report and recommendations on the taxation of partnerships.
Peter Cussons examines the potential EU law and international issues facing the UK's diverted profits tax.
Mark Groom and Dominic Haslam (Deloitte) look at HMRC proposals on overarching employment contracts.
The government’s new diverted profits tax (DPT), which was initially announced in December’s Autumn Statement and comes into effect on 1 April 2015, was debated in the House of Commons on 7 January 2015.
A Scottish government report published last week urged the UK government to make changes to oil and gas taxation in the 2015 Budget, which has been scheduled for 18 March.
The Revenue Scotland and Tax Powers Act 2014 (Commencement No.
Devolution is being undertaken piece-meal and inconsistently, writes Lakshmi Narain
Commentary prepared by the Tolley tax team on the draft Finance Bill 2015 rules on: