With the Queen’s Speech opening a new session of Parliament last week, Chris Sanger takes a look at the key tax points. Plus: talking points
The European Commission has opened three in-depth investigations to examine whether decisions by tax a
The City of London Law Society’s Revenue Law Committee has bemoaned the government’s ‘lack of respect for legislation as the only proper source of law, and over reliance on guidance’ as a source of uncertainty in taxation policy, in its response to the Office of Tax Simplification’s review on tax
And FB 2014 continues progress with amendments
Jurisdiction of the FTT to hear VAT appeals
Penalty imposed for one day delay
Application by HMRC for appointment of provisional liquidators
Retrospective legislation and ECHR
HMRC recently issued letters to approximately 1,000 taxpayers with income in excess of £150,000 whose effective tax rate is 22% or less.
The cut in the top rate of income tax from 50% to 45% set up a tax avoidance opportunity. The numbers suggest plenty took advantage of it, David Smith reports