12/12/2023
UK’s largest listed companies contribute £90 billion in taxes
The 100 Group represents the views of the finance directors of FTSE 100, and several large UK private companies.
Tax
12/08/2023
KPMG may merge its UK and Swiss accounting arms to boost growth
Partners in both countries were told of the potential merger on Friday, according to one person familiar with the matter.
12/07/2023
PwC agrees strategic partnership with Engine by Starling
Software-as-a-service subsidiary of Starling Bank teams up with PwC
12/06/2023
How Christmas gifts to your family can help to beat inheritance tax – if you stick within the rules
The only time, in the main, that a donor will be subject to tax upon a gift during their lifetime would be if they made a gift to a discretionary trust, over the donor’s available inheritance tax nil rate band.
12/05/2023
UK VAT: ‘refer a friend’ schemes may attract VAT liability, tribunal rules
Although Bulb went into administration after this appeal was commenced, the administrators have decided to proceed with the appeal thus far.
12/05/2023
Here’s why Switzerland may not go for a minimum corporate tax rate
The tax rate was expected to be around 15% at the time.
12/01/2023
Switzerland and Angola sign double taxation agreement
The DTA allows the Swiss network of double taxation agreements to be expanded into Southern Africa.
11/30/2023
KPMG comments on today’s Bank of England money and credit data
Karim Haji, Head of Financial Services at KPMG UK, comments on today’s Money and Credit Data
11/27/2023
Autumn Statement: Other tax measures
A summary of some other announcements of interest in the Autumn Statement
11/23/2023
Autumn Statement confirms gov reprieve on taxation of pre-age of 75 inherited pensions
Fortunately, the government has confirmed that such pensions will remain tax free from April 2024 - a continuation of their current treatment.
11/23/2023
Autumn Statement 2023: life sciences businesses to benefit from R&D tax changes
An enhanced 27% tax credit will be available to small or medium enterprises (SMEs) that spend 30% of total expenditure on qualifying R&D.
11/23/2023
HMRC scraps plans to tax pensions after death
Under current rules, if you die before 75 your beneficiaries can inherit your defined contribution pension tax-free if it is under your lifetime allowance.
11/22/2023
Shakira tax fraud case highlights perils of cross-border tax requirements for ‘nomadic’ UHNWs
Shakira settled a €14.5 million bill in Spain that hinged on where the singer lived during the disputed period. It's a case that highlights common pitfalls faced by jet-set UHNWs, say experts
11/21/2023
Public sector finance data fans flames of speculation of tax cuts tomorrow
Tomorrow's Autumn Statement is poised to be a pivotal moment, with the government facing mounting pressure to ease the tax burden.
11/21/2023
Tax receipts climb ever higher as Chancellor weighs up cuts at Autumn Statement
This huge growth illustrates why the Chancellor is weighing up tax cuts for tomorrow’s Autumn Statement to boost popularity with the electorate ahead of an election year.
11/21/2023
IHT receipts reach £4.6bn ahead of Autumn Statement announcement
As people eagerly wait to hear what is in store for the tax
11/13/2023
UK banks caught up in Europe's biggest-ever tax fraud of £10billion
The so-called Cum-Ex case involves alleged dividend tax frauds that are estimated to have cost German taxpayers alone nearly £10billion.
11/13/2023
Increasing the inheritance tax threshold will pull 12,500 families out of IHT annually
Quilter’s calculations show this reform would cost the Treasury on average £1.4 billion per year and prevent around 12,500 families paying inheritance tax each year.
11/10/2023
Autumn Statement 2023
Inheritance tax, stamp duty, the triple lock... What could be in the Chancellor’s speech?
11/10/2023
Government approves draft decree including significant international tax measures
As an alternative to the effective tax rate test—for audited foreign entities