12/15/2022
This decision upheld part of an earlier Upper Tribunal (UT) decision, which also concluded that the expenses were expenses of management, but overturned the UT’s conclusion that the expenses were not of a capital nature.
12/15/2022
Capital gains resulting from the disposal of companies or other entities, wherever they are located, which hold Italian property may become taxable in Italy.
12/09/2022
The EU’s new drive to close the gap on undeclared and unpaid VAT on services from short-term accommodation letting to passenger transport mean that many will be liable to either pay VAT for the first time or to pay more VAT than is currently applied
12/08/2022
It means that more than a third of Londoners, 36.1 per cent, will be paying the higher rate.
12/06/2022
The changes were ratified by the Council of State last month and will take effect from 1 January 2023 until 31 December 2023.
12/06/2022
They give a good insight into what keeps bankers up at night.
12/05/2022
The union body said a combination of changes to income tax bands
12/05/2022
The report demonstrates how £1.3 billion of reforms could be in place as early as April 2023 to help fund public services and pay.
12/05/2022
HMRC is not required to make an informal request prior to issuing a Schedule 36 notice, so in some circumstances, HMRC may consider it more appropriate to simply issue a Schedule 36 notice straight away.
11/28/2022
This compares favourably with the usual rules that apply to gifts and simple trust transfers, when you have to survive for seven years before they fall out of your estate.
11/28/2022
We outline the tax allowances available to use this tax year in light of the autumn statement.
11/25/2022
Most taxpayers don’t understand how ‘fiscal drag’ works
11/24/2022
As the enormity of the Chancellor’s tax measures sink in, it is abundantly clear that the UK faces several years under a historically high tax burden.
11/24/2022
‘People could fall foul of the fiddly rules and not know they have an extra tax bill to pay’
11/21/2022
The haul will rise from £6.7billion this year to a record £7.8billion in 2027-28.
11/21/2022
Ana Botín says strong banks can lend more and boost the economy
11/18/2022
Chancellor Jeremy Hunt unveils ‘balanced plan’ to cope with record inflation and cost-of-living crisis
11/18/2022
In some places, including Madrid, this has resulted in wealth tax being reduced to zero.
11/18/2022
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
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.