European Commission lawyers have concluded that the UK’s controversial tax agreement with Switzerland is in breach of EU law, the Financial Times has reported, and Brussels is ‘threatening to sue’ the UK unless the deal is significantly altered.
Begbies Traynor Group plc has completed the sale of BTG Tax, the group’s tax business, to Smith & Williamson. The tax consultancy comprises 56 employees and partners, located mainly in Birmingham, London and Manchester.
► Monday, 28 November 2011
► Sunday, 27 November 2011
► Saturday, 26 November 2011
Saturday, 26 November 2011:
‘The richest home buyers in Britain are costing the country as much as £1bn a year in lost stamp duty on house sales. Research by The Times shows that wealthy British and foreign buyers of one in three houses sold for more than £1m are avoiding the 5% stamp duty.’
Tax evasion costs more than the entire health budget in each of 67 countries, according to new research published by the Tax Justice Network.
KPMG has noted that only 13% of respondents in a survey of large businesses operating in the UK said the 50% rate of income tax was proving a barrier to attracting senior talent, compared to 80% who anticipated difficulty when asked in 2009.
HMRC is seeking 1,300 employers to join its PAYE Real Time Information pilot next July.