The Committee of the whole House completed its consideration of the Finance Bill on 4 May, when clauses 4, 10 and 35 were passed without amendment.
The release of the Vickers report on the future of the UK banking industry makes it opportune to make a few observations on the current taxation policy for the banking sector.
Chris Morgan provides your monthly update
Mark Bevington considers the Budget announcement of a future change to tax rules to limit the deduction for asset-backed pension contributions
A Committee of the whole House debated the Finance Bill for ten hours until 3 am this morning.
HMRC are changing the addresses shown on PAYE and self assessment forms and letters for individuals and employees other than those with ‘complex’ tax affairs.
‘Britons with billions of pounds hidden in Switzerland will pay tax at 50% under a groundbreaking deal that will legitimise their undeclared assets, according to a source familiar with negotiations between the Swiss and British governments.