Tax

Latest news

Tax | Labour plans to abolish non-dom tax status

Labour leader Ed Miliband is to announce plans to abolish the non-domicile (non-dom) tax rule if his party forms the next government, claiming it is being used for tax avoidance by high net worth individuals (HNWI)

8 Apr 2015

Tax | Elliott: VAT on e-books shows fiscal neutrality cannot trump VAT directive

The recent CJEU ruling in the Luxembourg case over VAT rates on digital sales of e-books makes it highly unlikely that e-books could ever be zero rated in the UK, says Graham Elliott, transaction tax consultant at Withers Worldwide

8 Apr 2015

Tax | Revenue Scotland goes live for Scottish 'stamp duty' and landfill tax

Scotland’s new tax authority, Revenue Scotland, is now operational and has started accepting tax returns for the Land and Buildings Transaction Tax (LBTT) and Scottish Landfill Tax (SLFT) from 1 April 2015.

7 Apr 2015

Tax | Kellogg’s warns diverted profits tax will hit profits

US food manufacturer Kellogg’s has become one of the first multinationals to signal concerns about the possible impact of the government’s new Diverted Profits Tax (DPT), also known as the Google tax, which is designed to tackle the use of aggressive tax planning techniques and came into effect on 1 April 2015

7 Apr 2015

Tax | Australian senate committee to grill Microsoft, Google and Apple on tax affairs

The Australian government is holding public hearings this week to probe the tax affairs of Microsoft, Google and Apple, as part of a parliamentary enquiry into the use of tax avoidance and aggressive minimisation of tax by multinational corporations operating in Australia

7 Apr 2015

Tax | OECD consults on controlled foreign company rules

The OECD has released a consultation on Action 3 of the Base Erosion and Profit Shifting (BEPS) plan covering plans to strengthen the rules governing controlled foreign companies to combat aggressive tax avoidance by multinational companies

7 Apr 2015

Tax | Swiss demand details of HSBC’s India offshore clients

HSBC clients based in India, who featured on the leaked list of offshore account holders in its Swiss private banking arm, have been asked to authorise a party in Switzerland so the Swiss government can obtain their consent for sharing information with Indian authorities, or face a potential public naming and shaming

1 Apr 2015

Tax | OECD consults on mandatory disclosure rules for tax planning

The OECD has released the latest consultation in the Base Erosion and Profit Shifting (BEPS) series, focusing on Action 12 on mandatory disclosure rules to clamp down on aggressive or abusive tax planning

1 Apr 2015

Tax

Business Tax

Consultations

Tax | Tax updates: April 2015

In this month's roundup of tax cases and technical updates includes the Ingenious Media court of appeal ruling over Hartnett comments, employee CGT issues when non-residency issues come to bear, FTT decision on employee benefit trusts in Scotts Atlantic Management and non-UK resident sales guidance

1 Apr 2015

Tax | Tax filing deadlines: Apr-Jul 2015

The key HMRC filing deadlines including PAYE cheque payments, IHT due on lifetime transfers and outstanding CGT for personal tax returns

1 Apr 2015

Tax

HMRC

Tax Compliance

Tax | Employment tax updates: April 2015

The latest developments in employment taxes by our expert David Heaton, including delayed penalties for real time information (RTI), marriage allowance and intermediaries reporting

1 Apr 2015

Tax | Future Labour government to re-instate top income tax 50p rate

A future Labour government would reverse the cut to the top rate of tax, increase the transparency and rigour of the tax system, and provide targeted support for small businesses, according to the party’s newly published manifesto for business

31 Mar 2015

Tax | HMRC consults on restricting tax relief for banks' compensation payments

HMRC has published a consultation document on the detailed design of the government’s proposal to make banks’ compensation payments non-deductible for corporation tax purposes, for comment by 29 May 2015

30 Mar 2015

Tax

Business Tax

Consultations

Tax | HMRC reaps £38m from HNWI investigations

HMRC is targeting investment banks and fund managers, with investigations into high earners in these roles up by a quarter in the past year, according to analysis by insurers PFP

30 Mar 2015

Tax | HMRC wins £260m tax rulings against NT Advisors, Healey and Savva

HMRC has won three cases at tax tribunals protecting over £260m in tax as a result of three Upper Tribunal (UT) rulings upholding earlier First Tier Tribunal (FTT) judgments in its favour

27 Mar 2015

Tax | Orchestra tax relief less restrictive under revised rules

The government has tweaked the rules for the new tax relief for for orchestral performance to extend qualifying bodies, by inculding definition of the 'performance', a flexible approach to pop and rock music in an orchestral setting, and separate rates for touring and non-touring performances

27 Mar 2015