06/08/2023
Netherlands takes forward ‘minimum tax’ proposals for multinationals
The proposed new Minimum Tax Act 2024 would implement an international agreement that the Netherlands is a party to.
Tax
06/07/2023
Inheritance tax is in ‘dire need of reform’
STEP says it wants to see a low flat-rate estate tax regime with few reliefs and exemptions
06/02/2023
Anti-tax bias exists within private wealth industry
The research said the industry uses homogenous “anti-tax” language in its communications and is "too quick" to default clients into products and services focused only on tax reduction and tax-led structuring.
05/31/2023
Review SAYE arrangements following HMRC bonus rates guidance, say experts
An SAYE plan offers eligible employees the opportunity to acquire shares in their employer, or parent, company on a tax-advantaged basis.
05/30/2023
2% tax on UK rich list families ‘could raise £22bn a year’
Campaigners for tax reform say similar levies in Europe have helped to reduce inequality
05/30/2023
Time is right for modest wealth tax urge campaigners
The richest 250 families in the UK are sitting on combined wealth of £748bn
05/29/2023
BDO’s Satvir Bungar named on the Empower 100 Executives Role Model list 2023
The Empower Role Model Lists supported by YouTube showcase leaders who are breaking down barriers at work for people of colour within global business.
05/19/2023
Time may be running out to reduce your Corporation Tax liability whilst also boosting retirement savings
The company contributions, once made, will be held in a pension arrangement belonging to and controlled by you.
05/18/2023
HMRC hits millions of taxpayers with higher late payment charges
In 2022, interest rates on late payments were at 3.25%.
05/17/2023
Changes to Jersey's 'high-net-worth' laws propose higher taxes and minimum net worth
If approved, the changes to the law will not affect existing residents, who will continue to pay taxes at their current rate.
05/15/2023
HMRC orders soaring numbers of buy-to-let landlords to pay millions of pounds in fines and back taxes - with the number targeted up 83% in a year
Property investors are being caught out by a renewed HMRC push on taxes
05/05/2023
Is now a sensible time to introduce a wealth tax in the UK?
Tax policy should have the effect of maximising the tax take while minimising the damage to the tax base
04/27/2023
HMRC pays back £1bn in tax on pension withdrawals
Andrew Tully, technical director, Canada Life, said the latest HMRC numbers just show how complex the tax position around pension withdrawals is.
04/27/2023
Frozen thresholds see record breaking £7.1bn inheritance tax take
The ever-increasing tax revenue from IHT presents a conundrum for the government as we approach election season.
04/25/2023
EU Global Minimum Tax Directive and Investment Fund Structures
An investment fund must meet several conditions to qualify for the safe harbour
04/24/2023
HMRC spends £150mn on IT staff amid academy launch
This was a 91 per cent increase on 2019’s figure of £79,916,209 where only 2,203 staff were in post.
04/21/2023
Mazars relocates to hybrid-friendly Edinburgh office
In recent years, Scotland’s first city has seen one of the highest rates of house price growth of any location in the UK, alongside strong wage growth.
04/14/2023
Tax reform proposals for carried interest will increase taxes for managers
The proposals as currently drafted not only change the taxation regime of investment vehicles, but also increase the taxes for management.
04/14/2023
EY shelves split plans after partner backlash
With new rules forbidding the firm to offer both lines to clients in key markets like the UK, EY’s top leadership also believed that a standalone consulting arm would be in better shape to bag major contracts at large accounts.
04/14/2023
Six key points for pension savers as new tax allowance rules come in
In his Budget last month Chancellor Jeremy Hunt dropped what was, in the world of pension taxation at least, something of a bombshell.