Government plans first announced in the Budget in March, for a new rate of tax relief for the British film industry have been approved by the EU, meaning that film productions will now receive a tax credit of 25% on all qualifying expenditure in-line with TV tax relief, costing the taxpayer an estimated £200m over the next five years
Download the latest CGT indexation allowance for May 2015, RPI Index for July 2015 and HMRC rates of interest, stamp duty land tax and land and buildings transaction tax rates, and more
The latest estimate of the tax potentially underpaid by the UK's biggest businesses suggests that the era of billion pound tax settlements is drawing to a close, with HMRC increasingly focusing on mid-sized businesses, according to analysis by law firm Pinsent Masons
In this month's tax updates, deeds of variation face overhaul in new consultation, mandatory DD for time to pay, direct recovery of debts in force, case reports on AEI Group permanent establishment, termination payments and tax liability in Flutter, and much more
Download the latest CGT indexation allowance for April 2015, RPI Index for June 2015 and HMRC rates of interest, stamp duty land tax and land and buildings transaction tax rates, and more
Organisational culture and the attitude of senior members of the board are becoming more influential on tax strategy in large companies than the views of the heads of tax and wider tax team, according to research carried out by HMRC into corporations attitude to tax planning and the effective tax rate
Following last week’s Summer Budget, the government has published the Finance Bill 2015-16 to implement tax changes announced over the last year including changes to inheritance tax, non-dom rules and provisions to allow HMRC to operate direct recovery of debts from taxpayers
The British Medical Association (BMA) is calling for the government to introduce a tax on all sugary drinks to up the price by at least 20%, and also wants to see fiscal measures to subsidise the sale of fruit and vegetables, in a bid to improve the nation’s health
In his Summer Budget, alongside the cuts in the rate of corporation tax (CT) to 18% by 2020-21, Chancellor George Osborne signalled the government’s intention to introduce new CT payment dates for companies with annual taxable profits of £20m or more, which will raise around £4bn a year in additional tax revenues
A change to the rules on reporting purchased goodwill and customer-related intangible assets, removing tax relief with immediate effect, could slow down the rate of mergers and acquisitions (M&A) transactions, while raising £1.2bn for the Exchequer over the next five years
The government is planning to radically reform the taxation of dividends by replacing the current dividend tax credit with a dividend tax, setting new tax rates and setting an annual allowance of £5,000, removing the final vestiges of a system first introduced in the 1970s when effective tax rates were as high as 80%
The corporation tax (CT) rate will be cut to 19% in 2017, bringing UK rates in line with Singapore, Hong Kong and Switzerland, the Chancellor announced in his Summer Budget, with a further reduction to 18% in 2020, a measure which is set to cost the Exchequer £4bn over three years
Chancellor George Osborne has announced that the Employment Allowance (EA), designed to cut National Insurance contributions (NICs) for smaller employers, is to be raised to £3,000 from April 2016, partly to counteract additional costs to small businesses from the introduction of a National Living Wage (NLW)
The Premier League, together with its clubs and players,contributed £2.4bn in tax in the 2013-14 season according to an economic assessment prepared by EY, boosting Treasury coffers
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