HM Treasury has published a new tax consultations tracker and listed 38 consultations that it (or HMRC) aims to launch over the next few months, in addition to those already launched this week.
The task of simplifying the UK’s tax system is becoming ‘near impossible’, a leading tax expert said after the publication of the latest Finance Bill, which has three volumes, 227 clauses and 38 schedules.
HMRC has opened a ‘technical consultation’ on the design of the Gift Aid Small Donations Scheme announced at Budget 2011 and set to be introduced in 2013.
HMRC is consulting on proposals changes to the taxation of interest received, and rules on the deduction of tax from interest paid.
HMRC is seeking views on proposed changes to the income tax and corporation tax rules on manufactured payments, which the department describes as ‘amounts representative of interest or dividends paid and received under financial arrangements such as sale and repurchase arrangements (“repos”) and
‘It looks to me like the triumph of big business – or rather the triumph of the Treasury's view of what big businesses need and want.
An over-complicated tax system has led Aaronson to propose an over-complicated solution, says Patrick Cannon.
It is disappointing that the SDLT ‘slab’ system remains intact, say Mike Dalton and Andrew Levene.
The overall message to the Chancellor is that more still needs to be done to encourage the SME sector, say Melanie Orriss and Tim Fussell.
The motives for holding mansions in companies can range from confidentiality to inheritance rules in other jurisdictions, says Gordon Keenay.