07/03/2020
The Common Reporting Standard requires countries and jurisdictions to exchange financial account information from non-residents obtained from their financial institutions automatically on an annual basis
07/01/2020
HMRC invites businesses who remain unable to meet VAT return payments due after 30 June 2020 to get in touch as soon as possible to negotiate a time to pay agreement.
06/26/2020
But counting the number of boxes that the EU ticked to remove jurisdictions from its list doesn’t give us the full picture of the listing process’s impact.
06/26/2020
Action plan to fight tax evasion and to make taxation “simple and easy”
06/24/2020
We also encourage the Government to scrap or postpone other planned measures, such as deferring a planned cap on repayable PAYE credits whilst bringing forward the inclusion of cloud-related costs.
06/23/2020
“If a wealth tax were introduced it’s hard to say what percentage of wealth would be taxed, but it would likely only have to be a small percentage to have a big tax take, given the overall wealth UK residents hold.”
06/18/2020
Boosting businesses to funding freelancers: Here is how Switzerland is tackling its coronavirus-affected economy
06/18/2020
During the early stages of the coronavirus emergency, many businesses undergoing VAT compliance reviews were contacted by HMRC and told that the process had been put on hold, due to diversion of HMRC resources to coronavirus work.
06/18/2020
The coronavirus is hurting the pockets of many charities, but the British tax system is remarkably generous to those who want to help.
06/16/2020
Even without Brexit, once you are living abroad it is a good idea to review whether holding on to UK assets is still in your best interests.
06/11/2020
HMRC argues releasing more details about the unit would allow family offices to divert assets and resources to avoid tax.
06/10/2020
Global crises such as the financial crisis of 2007/08 and the current coronavirus pandemic impose enormous financial strains on countries’ economies and tax systems.
06/09/2020
Social enterprises and charities gearing up to help combat the impact of Covid-19 and support economic recovery are calling on the government to extend social investment tax relief (SITR) for two years, in order to help them fundraise
06/03/2020
Despite the imminent reopening of certain EU borders, Britons will lose the ability to travel freely across the EU from the end of the year.
06/03/2020
The Conservative Party manifesto pledged not to increase income tax, national insurance or VAT.
05/29/2020
And it could use ‘powerful weapons’ on those suspected of abusing coronavirus furlough scheme
05/28/2020
The UK tax system has over 300 of this kind of tax reliefs, which cost the Government an estimated £155 billion of foregone tax revenues in 2018-19
05/27/2020
In the U.K., for instance, the forecasts already predict the national deficit could rise from 55 billion pounds to 337 billion pounds (around $67 billion to $410 billion) by the end of this year.
05/27/2020
The total compares to HMRC’s use of 60 account freezing orders, covering £8 million, during the previous tax year.
05/22/2020
MSPs vote to prevent such businesses and individuals from using relief funds