Tax | Budget 2014: Scottish income tax legislative changes

In the run-up to the vote on Scottish independence, the chancellor set out measures to incorporate upcoming changes to legislate for new powers for the Scottish government to raise income tax.

20 Mar 2014

Tax

Personal Tax

Tax Compliance

Law and Regulation

Budget

Tax | Budget 2014: SDLT for £500k enveloped properties hits expats

In a move which will net many more than just the oligarchs of Belgravia, the government has announced a reduction in the SDLT threshold to £500,000 for property buyers who buy properties using corporate enveloping to avoid paying stamp duty land tax (SDLT)

20 Mar 2014

Tax

Personal Tax

Tax Compliance

Tax Planning

Property Tax

Budget

Tax | Budget 2014: Sports stars given tax breaks

The issue of tax on international sports stars may become easier in future as the chancellor announced that the government will allow exemptions on income and corporation tax relief to be pushed through using secondary legislation, rather than the current system

20 Mar 2014

Tax

Personal Tax

International Tax

HMRC

Tax Planning

Budget

Tax | Budget 2014: personal allowance raised to £10,500

As was widely expected, the Chancellor has announced an increase in the personal tax allowance to £10,500 in 2015-16, but has stopped short of making radical changes to the thresholds for higher rates of tax

19 Mar 2014

Tax

Personal Tax

Tax Planning

Budget

Tax | Budget 2014: Carbon Price Floor (CPF) freeze

The carbon price floor will be capped as part of a £7bn package to save manufacturers from increasing energy costs 

19 Mar 2014

Tax

Business Tax

Tax Planning

Budget

Tax | Budget 2014: Funding for graduate-level apprentices

The government is to provide more support for employers offering apprenticeships to young people, George Osborne has announced

19 Mar 2014

Tax

Business Tax

Budget

Tax | Budget 2014: AIA extended to 2015, SEIS made permanent

A number of business tax reliefs were extended to provide support for business and reduce the cost of manufacturing, including the popular annual investment allowance

19 Mar 2014

Tax

Business Tax

HMRC

Tax Planning

Budget

Tax | Budget 2014: £3bn finance boost for exporters

In a welcome boost for business, the chancellor has committed additional funding to exporting companies to support growth and increase competitivity.

19 Mar 2014

Tax

Business Tax

Budget

Tax | Budget 2014: Chancellor says focus on exports and savers

The chancellor George Osborne launches his Budget with positive news on growth figures, employment rates and points to effective management of the deficit, but only ‘if it works through the plan, despite higher growth

19 Mar 2014

Tax

Business Tax

Budget

Tax | Court of Appeal rules £9m Omai painting is 'plant'

The taxman has lost a test case to claim capital gains tax on a £9m Old Master painting sold by the custodians of Castle Howard

19 Mar 2014

Tax

Business Tax

Personal Tax

HMRC

Tax Compliance

Tax Planning

Law and Regulation

Tax | Accountant failed to pay own firm’s tax

A North London accountant has been disqualified from acting as a company director for five years for failing to make sure his firm paid its tax liabilities, following an investigation by the Insolvency Service

19 Mar 2014

Tax

Business Tax

HMRC

Tax Compliance

Business

Accountancy Firms

Tax | EU ruling may change VAT on DC pensions admin

HMRC may have to review its policy on the VAT status of the management of defined contribution (DC) pension schemes following a European court ruling released on 13 March, which means more schemes could be eligible to claim VAT exempt status

18 Mar 2014

Tax

Tax Compliance

VAT

Tax | NICs Bill gets Royal Assent for GAAR

The National Insurance Contributions Bill received Royal Assent on 13 March and became the National Insurance Contributions Act 2014. 

14 Mar 2014

Tax

Business Tax

Personal Tax

HMRC

Tax Compliance

Law and Regulation

Tax | BDO calls for radical Budget for business

The chancellor should deliver a radical Budget to underline the coalition’s economic policy and drive growth as this is the last meaningful Budget before the next general election, according to Richard Rose, tax partner at BDO

14 Mar 2014

Tax

Business Tax

Personal Tax

Tax Planning

Budget

Tax | OECD consults on transfer pricing comparability in emerging countries

The Organisation for Economic Cooperation and Development (OECD) has announced a four-week consultation on an interim draft paper on transfer pricing comparability data in the context of developing countries

13 Mar 2014

Tax

Business Tax

International Tax

Tax Compliance