08/31/2022
Our tax system is in urgent need of an overhaul
Tax rules are stacked in favour of the rich and unless there is meaningful change we could be heading for disaster
Tax
08/31/2022
JPMorgan raided by German prosecutors as part of tax fraud probe
Sprawling investigation into the ‘cum-ex’ scandal has been stepped up in recent months
08/26/2022
UK tax authority focuses efforts on offshore corporates owning UK property
HMRC has previously noted that taxpayers are not legally obliged to return the certificate, which could expose them to criminal prosecution if they make an incorrect declaration.
08/26/2022
Luxembourg's double tax treaties network
To mitigate the risks of double taxation for businesses, it has entered into comprehensive double tax treaties with over 80 jurisdictions.
08/25/2022
Quintessentially and BDO to cut audit ties
Just two years later, BDO has similarly withdrawn from working for Quintessentially – following a breakdown in the relationship between the companies.
08/25/2022
Scotland’s public spending deficit hits record of nearly £2,200 a head
GERS data puts gap between tax receipts and expenditure at £23.7bn despite jump in income from oil and gas
08/22/2022
‘Confusion’ among UK businesses over new plastic packaging tax
The plastic packaging tax is payable by UK businesses that manufacture or import 10 tonnes or more of plastic packaging – which does not include at least 30% recycled plastic – over a 12-month period.
08/19/2022
'Lucrative' IHT receipts continue to rise
“IHT is proving to be more and more lucrative for the Treasury.”
08/19/2022
Quilter: HMRC data shows continued hit to pay packets but NI threshold increase could ease the pain
The change essentially means that 30 million people pay less national insurance and enjoy an average of £330 more in their pay packet during the year.
08/16/2022
Tax rollover applied to share for share exchange despite tax saving motive
In this case, Euromoney negotiated terms with a third-party buyer to buy its shares in two joint venture companies.
08/16/2022
C Hoare & Co sells tax advice business
Acquirer says deal was a ‘natural move’
08/15/2022
The UK's offshore tax havens are quietly luring investors away from the likes of the Cayman Islands and Bermuda this 'crypto winter'
UK tax haven islands Jersey and Guernsey are stepping up their efforts to attract crypto and blockchain investors.
08/15/2022
The UK Inheritance Tax Traps That British Expats Should Avoid
The optics of this tax advantage might attract the attention of the press if, for example, you are the Chancellor of the Exchequer and your spouse is a wealthy non-dom.
08/15/2022
Double taxation emerges as fresh hurdle in European free trade deal
The EU’s outgoing ambassador to Australia, Michael Pulch, said the tax treaty issue was important to the nine nations
08/15/2022
Consumers urged to pay tax bills on time as HMRC raise interest for late payments to 4.25%
The hike in repayments comes after an increase to the Bank of England’s base rate and when consumers face rising prices in the cost of living crisis
08/12/2022
Wealth adviser boosts tax advisory capability
Tax director Stephen Martin, who was hired last year, said it was important to 'provide solutions to all our clients'.
08/10/2022
Hawksmoor’s Ian Bailey: Process has to fit the client, not the other way round
‘Wealth managers try and undercut each other, but we find that clients increasingly recognise you get what you pay for’
08/08/2022
PwC fined nearly £1.8m over BT fraud audit failures
Accounting firm failed to act with ‘requisite professional scepticism’ says accounting regulator the FRC
08/05/2022
HMRC bags record £14.3bn in capital gains tax
A 42% increase from the 2019-20 financial year
08/01/2022
HMRC rakes in £6bn IHT receipts as more families caught in the net
HMRC’s figures released today (28 July) cover the 2019-20 tax year and they showed an increase in the number of estates paying inheritance tax.