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Tax | BEIS launches review of Scottish limited partnerships

The Department of Business, Energy & Industrial Strategy (BEIS) is to undertake an official review of limited partnerships in the UK, focusing particularly on alleged 'criminal' exploitation of Scottish limited partnerships (SLPs)

17 Jan 2017

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Tax | BREAKING: May's 12-point plan for leaving the European Union

Prime Minister, Theresa May, has today outlined a 12-point plan to prepare the UK to leave the European Union, stating that the UK cannot stay in the single market, and has confirmed that parliament will have a vote on the final Brexit deal when it has been agreed

17 Jan 2017

Tax | Register of people with significant control will not affect Crown territories

The government has quashed calls to look at extending the requirement to publish a public register of people with significant control to companies incorporated in the Crown dependencies and overseas territories, as part of a bid to increase tax transparency, saying new rules on the automatic exchange of information are sufficient to address the issues

17 Jan 2017

Tax | Tax changes see one in four buy-to-let landlords sell up

The changes to mortgage interest relief (MIR) have led a quarter of buy-to-let landlords to put in place plans to sell up, while 20% are setting up limited companies in response, according to research by the Residential Landlords Association (RLA)

17 Jan 2017

Tax | NAO slams HMRC deal with Concentrix

HMRC’s contract with Concentrix to provide additional capacity for checking tax credit awards delivered just £193m of savings compared to the original estimate of £1bn, according to a National Audit Office (NAO) investigation, while a third of the outsourcer’s decisions to stop payments were subsequently overturned after review

17 Jan 2017

Tax | Buy-to-let taxation: quarterly reporting for landlords - part 2

In part two of our exclusive series on buy-to-let taxation, Cathy Corns, corporate tax partner at Mercer & Hole outlines HMRC's quarterly tax reporting requirement for landlords as part of Making Tax Digital, which is set to come into force from April 2018

17 Jan 2017

Tax | Institutes release 10-point plan to improve tax policy and Budget

The Chartered Institute of Taxation (CIOT), the Institute for Fiscal Studies (IFS) and the Institute for Government have set out a 10-point plan to improve how tax policy is made in the UK and to better the Budget process

16 Jan 2017

Tax | HMRC plans ‘year-long’ Making Tax Digital pilot

HMRC has confirmed plans to undertake a year-long pilot of Making Tax Digital for ‘hundreds of thousands’ of taxpayers following criticism at the hands of MPs in the Treasury Committee

16 Jan 2017

Tax | Government plans to reform horserace betting levy

The government has confirmed it is to reform the horserace betting levy in order to bring offshore gambling companies within its remit, in a bid to boost funding for the sport and the equine industry in general

16 Jan 2017

Tax | EU criticises Hammond's proposed UK tax plans

Ahead of a key speech by Prime Minister Teresa May tomorrow, in which she will indicate how the UK intends to approach negotiations to leave the EU, the Chancellor’s suggestion of a possible cut in the corporation tax rate if there is a ‘hard’ Brexit has attracted strong criticism

16 Jan 2017

Tax | Five-year tax break for digital cable suppliers

Telecoms network suppliers are to be offered a £60m tax break for creating new infrastructure for full fibre broadband, as part of the government’s plans to boost the UK’s digital revolution and switch to online services

16 Jan 2017

Tax | Treasury committee inquiry into £4bn Parliament refurbishment

The Treasury committee is to examine government plans to spend around £4bn on repair work on the Houses of Parliament, saying an inquiry is needed to establish on what basis the funding is required, as a report on the issues from Deloitte is insufficiently detailed

16 Jan 2017

Tax | BREAKING: MPs call for immediate delay to Making Tax Digital

HMRC's Making Tax Digital programme has the potential to be an expensive disaster unless plans for the national rollout are delayed, according to MPs in the Treasury Committee, who are calling for a one to two year delay to the introduction of quarterly reporting, which is being rushed through to meet a 2018 kickoff date

16 Jan 2017

Tax | Bull: Big HMRC is not necessarily better

The motives behind HMRC's modernisation project remain unclear and could risk damaging its service before it improves it, warns RSM senior tax partner George Bull

13 Jan 2017

Tax | HMRC opens flood helpline

In the wake of last week’s ‘thunderstorms’, HMRC has announced the opening of a telephone helpline for anyone affected by severe weather or floods, providing practical help and advice on any tax problems they may be facing

13 Jan 2017

Tax | Employment law: key changes in 2017

A number of significant employment law changes from gender pay gap reporting to changes to the national minimum wage increase cycle are being introduced this year, with many coming into force from April. Joanna Stubbs, head of content at XpertHR Group examines the top five issues

13 Jan 2017