‘George Osborne is poised to slash the top rate of income tax from 50p to 40p in next week's budget in a dramatic move that will delight business and the Tory right, but risks reinforcing the Conservatives' reputation as protectors of the super-rich.
With public debt across Europe reaching unsustainable levels, governments are under more pressure than ever before to raise revenues without harming prospects for growth. This report examines different approaches to fiscal consolidation, and why better tax compliance has a key role to play; trends in both direct taxes and VAT rates; whether the proposed Financial Transaction Tax helps or hinders; the tax measures being introduced by several Member States (examining countries with record deficit levels as a proportion of GDP and those introducing new tax initiatives); tax policy issues for the UK; and the wider economic outlook for the Eurozone.
The Upper Tribunal’s decision in Atlantic Electronics provides useful guidance on the important issue of costs recovery in cases that span the new and old costs rules.
Developments such as the Legal Services Act have hastened the need for legal professional privilege to be extended to clients of tax advisers who are chartered accountants.
Anne-Marie Welch has joined Baker Tilly’s London office as an Expatriate Tax Partner. She has 20 years’ experience in expatriate tax, primarily with the Big Four.
New legislation to block a ‘contrived and aggressive’ income tax avoidance scheme involving property business loss relief will protect the Exchequer from significant losses, HM Treasury said.
Businesses should be more transparent about the tax they pay and open themselves to greater scrutiny, David Gauke, the Exchequer Secretary to the Treasury, said in a speech to the Centre for Business Taxation at Oxford University.
The Reporting of Savings Income and Interest Payments (Data-gathering) Regulations, SI 2012/756, revoke regulations that are replaced from 1 April 2012, amend a s
The Finance Act 2010, Schedule 6, Part 1 (Further Consequential and Incidental Provision etc) Order, SI 2012/735, applies a new definition of ‘charity’ for the pu
Legal professional privilege (LPP) protect