More than half (57%) of small business owners responding to a survey conducted by the Forum of Private Business would be willing to pay more tax in exchange for a simplified system, and 50% would be prepared to pay more under a simplified system ‘if that system cut down on tax avoidance among the
The Value Added Tax (Buildings and Land) Order, SI 2011/86, amends VATA 1994 Sch 10 with effect from 1 March. It has two purposes.
The CIOT announced that 516 of the 1,392 candidates taking the November 2010 Chartered Tax Adviser examination made progress towards becoming a CTA, and 352 candidates have now successfully completely all modules.
BTG Tax, a member of the Begbies Traynor Group, has appointed international tax expert Kari Campbell to its Birmingham office. Campbell was previously with chartered accountants Bloomer Heaven.
All payment related services falling within the definition of ‘debt collection’ as outlined by the European Court of Justice in a recent judgment are now chargeable to VAT at the standard rate, HMRC has announced.
A double taxation convention between the UK and Germany, signed in March 2010, entered into force on 30 December 2010 (see SI 2010/2975).
HMRC has published a revised summary of legislation implementing reforms arising from the review of HMRC powers, deterrents and safeguards.
The Mutual Societies (Transfers of Business) (Tax) (Amendment) Regulations, SI 2011/37, have been made to correct an error in regulations (SI 2009/2971) concerning the tax consequences of transfers of business by industrial and provident societies.
The Dormant Bank and Building Society Accounts (Tax) Regulations, SI 2011/22, have been made to ensure that the transfer of a balance in a dormant account to a ‘reclaim fund’ is ‘tax neutral’ and that operation of the unclaimed assets rules does not increase tax compliance burdens on financial in
The Value Added Tax (Payments on Account) (Amendment) Order, SI 2011/21, increases the thresholds above which a person becomes liable to make payments on account and below which a person ceases to be liable to make payments on account, to reflect the impact of the change in the standard rate of V