Finance Bill 2012 will amend ITTOIA 2005 s 168 to deny an income tax or corporation tax deduction being given where a payment ‘arises from avoidance arrangements’.
Finance Bill 2012 will contain anti-forestalling legislation to ensure that changes announced in the Budget to the VAT liability of (a) supplies of self storage facilities and (b) supplies of services and materials in connection with approved alterations of protected buildings are ‘fully effectiv
Revenue & Customs Brief 07/12 sets out changes to Intrastat declaration procedures for businesses with intra-EU trade in excess of £600,000 pa for arrivals (‘EU imports’) and/or £250,000 pa for dispatches (‘EU exports’).
The Qualifications for Appointment of Members to the First-tier Tribunal and Upper Tribunal (Amendment) Order, SI 2012/897, amends the grounds of eligibility for appointment as a non-judge member of the First-tier Trib
Eleven tax professionals offer their immediate reaction to the Budget proposals
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Rates
Middle-aged workers now face a triple whammy, says The Guardian. A bold cut in corporation tax is a step in the right direction, says The Daily Telegraph. Here is our pick of the editorials in five of this morning's papers.
‘I regard tax evasion and indeed aggressive tax avoidance as mo
The top rate of income tax will be reduced from 50% to 45% per cent from April 2013, but a new cap on tax reliefs will increase the effective rate for some taxpayers and experts warned that people on means-tested benefits would have much of the benefit of an increased personal allowance clawed ba
The main rate of corporation tax will be reduced to 24% from next month, the Chancellor announced.