Paul Smith considers whether the Budget proposals have done enough to prevent further corporate migration and attract businesses from overseas.
‘George Osborne’s tax raid on North Sea oil producers will not stop one of the UK continental shelf’s most dedicated drillers from increasing production in the region by more than a quarter this year.
Revenue & Customs Brief 18/11 sets out HMRC's current view on inheritance tax issues associated with employee benefit trusts. It ‘supersedes and amplifies’ Revenue & Customs Brief 61/09.
HMRC confirmed that ‘real time information’, a new system intended to improve the operation of PAYE, will go ahead.
Employers will report tax and NIC deductions when they pay their employees, rather than at the end of the tax year.
The Child Trust Funds (Amendment No. 2) Regulations, SI 2011/992, relax in some circumstances the requirement for CTF providers to issue annual statements.
HMRC invited comments by 10 June 2011 on draft regulations dealing with the collection and management of the Bank Levy and a revised draft chapter 4 of the Bank Levy Manual.
The OECD published a summary of a recent meeting between private sector representatives and delegates of a working party on the transfer pricing aspects of intangibles.
HMRC published guidance on the new 5% rate of Stamp Duty Land Tax which applies for residential property transactions where the chargeable consideration exceeds £1 million and the effective date is on or after 6 April 2011.
HMRC’s practice of ‘equitable liability’ provided a ‘relief of last resort’ for certain taxpayers who were unable to fully engage with the tax system.