Tom Scott considers the topical issue of whether or not the UK can now be considered a tax haven, and the global tax legislative changes we can expect to see
On 13 May, a Public Bill Committee agreed four amendments to Sch 8 (venture capital trusts). These amendments clarify that the changes to prevent recycling of VCT relief through returns of share capital to investors apply only to payments out of share capital raised on or after 6 April 2014.
The tax system in recent years has become more complicated, less efficient and less transparent. We should have a tax system which looks ‘like someone designed it on purpose’, writes Paul Johnson
The Treasury Committee has expressed concerns about the proposed debt recovery powers and the use of retrospective legislation.
A round up of other tax news:
Helen Lethaby reviews recent developments affecting the City.
According to an OECD report published on 30 April 2014, the share of the richest 1% in total pre-tax income has increased in most OECD countries over the past three decades.
The budget deficit is coming down, but more slowly than hoped. The weakness of corporation tax receipts is a prime cause, as David Smith reports
George Osborne’s Budget measures took attention away from the state of the public finances. There is a long way to go before they are back to health, David Smith writes