11/18/2022
Spain's additional wealth tax legislation could take effect in 2022
In some places, including Madrid, this has resulted in wealth tax being reduced to zero.
Tax
11/18/2022
Apex Group Budget Briefing - Autumn Statement 2022
The Office for Budget Responsibility saw an average inflation rate for this year of 9.1% and 7.4% predicted for next year.
11/17/2022
UK adopts further international exchange of information on tax matters
The UK has signed up to two new multi-lateral competent authority agreements (MCAA) for the automatic exchange of information about two different categories of international activity.
11/16/2022
Being Proactive in Tax Planning is the Only Way Forward in a World of Tax Policy Uncertainty
Individuals with connections to the UK and the US are faced with even less visibility in their tax affairs given the midterm elections, which will likely define the US tax outlook for the rest of the year and beyond.
11/14/2022
Hybrid and remote working within the UK – what next?
The Office of Tax Simplification is preparing its report and recommendations – what might this mean for employers?
11/14/2022
UK to cut surcharge on bank profits to 3% to keep industry competitive
UK banks currently pay 8% surcharge on profits on top of the corporation tax rate of 19%
11/14/2022
Democrats take the Senate, but uncertainty over House control next year clouds tax policy outlook in the near term
This special edition of Tax News & Views looks at the tax policy implications of the congressional midterm elections based on the results currently available.
11/09/2022
Sunak considers raising additional rate tax band
The prime minister is considering raising the 45% rate or lowering the £150,000 threshold at which the tax band kicks in.
11/08/2022
HMRC launches a campaign focused on offshore companies owning UK property
HM Revenue & Customs (HMRC) is launching a new campaign targeted at offshore companies which own UK property.
11/08/2022
Could you face inheritance tax on your property?
Rising house prices could mean that unsuspecting homeowners face an inheritance tax bill on their estate.
11/04/2022
Finance minister prepares first set of tax measures as part of broader tax reform
The intention is for the government to discuss and reach a political agreement on the measures during November and December 2022.
11/02/2022
Lack of evidence signals the failure of historic VAT claim
They concluded that NHS Lothian did not have sufficient evidence to support its ‘Fleming’ claim for under-recovered input tax.
11/02/2022
Deloitte Collaborates With AWS to Put Enterprise-Class Banking Solutions in the Hands of Consumers Faster
Deloitte's ConvergePROSPERITY™ BankingSuite on AWS helps customers including Western Union meet customer demand for new digital banking services
11/02/2022
BP profits more than double to £7.1bn amid windfall tax pressure
Unlike Shell, the UK-listed oil giant will pay £695m via the energy profits levy
10/31/2022
OECD tax chief warns of trade wars if global deal is not implemented
Pascal Saint-Amans says last year’s accord on taxing multinationals unlikely to enter rule books soon
10/26/2022
KPMG comments on today’s public sector finances data
“Government borrowing is set to enter an upward trajectory” says Michal Stelmach, senior economist at KPMG UK.
10/21/2022
HMRC tax and NI receipts growth will be music to the Chancellor’s ears
This increase likely reflects the uptick seen in average earnings over the past few months, though is somewhat surprising given the National Insurance threshold was increased to match the Income Tax threshold earlier this year which meant approximately 30
10/21/2022
Chancellor brings forward further Medium-Term Fiscal Plan measures
Smaller measures including increases to share option limits and a higher subscription limit for the Seed Enterprise Investment Scheme also survived.
10/20/2022
10.1% state pension boost at risk as Hunt refuses to commit to triple lock
The policy has now been thrown up in air again after Jeremy Hunt appeared indecisive on the matter.
10/20/2022
Reversal on planned UK dividend tax cut a ‘blow to entrepreneurs’
But delivering a statement in the House of Commons, Hunt told MPs that he would “reverse almost all the tax measures” announced in the growth plan that had not yet been legislated for in parliament.