In response to criticism by the House of Lords Select Committee on personal service companies, HMRC has issued a report (see www.bit.ly/1xeS2XO) justifying the IR35 legislation, saying that the cost of its abolition would be £550m and that if the anti-avoid
The Market Value of Shares, Securities and Strips Regulations, SI 2015/616, implement the Office of Tax Simplification’s recommendation to replace the ‘quarter up’ method of determining the market value of listed shares with the closing price on the relevant day, with effect from 6 April 2015.
The Corporation Tax (Northern Ireland) Bill completed its Parliamentary stages on Tuesday, and awaits approval from the Northern Ireland Assembly.
HM Treasury has extended its consultation (see www.bit.ly/1CuWuUj) on the rules underlying the taxation of travel and subsistence expenses.
HM Treasury has confirmed that the Finance Bill 2015, and accompanying explanatory notes, will be published on Tuesday 24 March 2015. All stages of the Finance Bill are to be concluded in Parliament the next day, and royal assent of the Bill is expected on 26 March 2015.
The European Commission has presented its new tax transparency package ‘as part of its ambitious agenda to tackle corporate tax avoidance and harmful tax competition in the EU’.
The Tax Credits Up-rating Regulations, SI 2015/451, which set out the rates and thresholds of child tax credit and working tax credit, and The Child Benefit and Tax Credits Up-rating Order, SI 2015/567, which set out the increased weekly rates of child benefit and child/working tax credits payabl
The Tax Credits (Appeals) Regulations (Northern Ireland) (Amendment) Order, SR 2015/452, came into force on 3 March 2015, define ‘appropriate office’ for the purposes of lodging tax credit appeals in Northern Ireland, and to include the Upper Tribunal among those courts whose decisions panel memb
TMA 1970 s 34 and self-assessment
Tax-geared penalties