The patent box, the government’s proposed preferential regime for profits arising from patents, will cost over £1 billion a year in lost revenue but will benefit only ‘a handful of firms’ according to the Institute for Fiscal Studies.
‘I want to hear about your brightest and best ideas. Because next month’s Budget will be all about growth.
The Inheritance Tax Avoidance Schemes (Prescribed Descriptions of Arrangements) Regulations, SI 2011/170, extend the disclosure of tax avoidance schemes regime (DOTAS) to inheritance tax by describing certain IHT arrangements involving transfers of property into trust which must be notified to HM
Philip Harle discusses a number of current initiatives aimed at simplifying the UK tax system
Andrew James on HMRC v Blue Sphere Global Ltd
Almost seven million people filed their self assessment tax returns online this year, and a record 572,455 online returns were filed on 31 January. More than 49,000 of those returns were filed between 4pm and 5pm.
Caroline Lucas MP, the leader of the Green Party, asked the government how much of the corporation tax losses declared in respect of accounting periods ending in 2007/08, 2008/09 and 2009/10 was carried back for offset against profits of previous periods; how much corporation tax was repaid as a
HMRC is proceeding with an appeal against the decision of the First-Tier Tribunal in Total People Ltd v Revenue and Customs Comrs TC 661.
A new discussion document examines the range of penalties HMRC can use for non-compliance with r