Michael Conlon QC will join Hogan Lovells in July as the firm’s new Head of Indirect Tax in London. He will join the firm from Temple Tax Chambers, where he is a practising barrister.
The Public Bill Committee on the Finance Bill agreed clause 7 (corporation tax small profits rate and fractions for financial year 2012), clause 9 (post-cessation trade or property relief: tax-generated payments or events) and clause 10 (property loss relief against general income: tax-generated
Tax campaigner Richard Murphy’s estimate of the UK’s tax gap is ‘misleadingly high’, HMRC has said in a submission to the House of Commons Treasury Committee.
‘Britain’s only listed accountancy firm is to close its specialist tax division in a move that will be regarded as another victory for Revenue & Customs against tax avoidance by the rich.
Good progress has been made on a number of aspects of HMRC service delivery, the Chartered Institute of Taxation reported last week, as the tax body’s incoming President noted that ‘government cutbacks’ were making it ‘more and more difficult for HMRC to give a sensible service’.
Extra support for people who need to contact HMRC following a bereavement represents a positive step towards an improved service for bereaved taxpayers, according to the CIOT’s Low Incomes Tax Reform Group.
EU ministers meeting in Brussels last week welcomed the European Commission’s paper on the future of VAT – Towards a simpler, more robust and efficient VAT system ta
A new version of HMRC’s Basic PAYE Tools reflects Budget 2012 changes, and provides a number of improvements as well as ‘a few small fixes’.
Eight taxes would be abolished and replaced by a ‘single income tax’ under reforms proposed today by the 2020 Tax Commission, a joint project between the TaxPayers’ Alliance and the Institute of Directors.
The Commission has recommended that:
HMRC has published a brief guide to proposals for a voluntary cash basis, and simplified arrangements for some expenses, for small businesses run by self-employed individuals and partnerships.