Business Tax

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Tax | Scotland briefing: tax policy after no vote

For insight and analysis of the tax implications of the Scottish referendum no vote and the commitment to give Scotland wider powers over its own tax regime, after prime minister David Cameron vowed to honour pledges to increase devolved powers made late in the referendum campaign. We ask tax experts to assess the tax implications for business

19 Sep 2014

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Tax | Tax complexity inevitable regardless of Scottish result, says CIOT

Tax advisers need to prepare for sweeping changes to tax policy in Scotland, regardless of the outcome of the independence vote, warns CIOT in a series of blogs on the future of Scottish tax post-referendum

17 Sep 2014

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Tax | Identity Assurance: online accounts for all taxpayers

Government plans to create individual online identity accounts for all taxpayers, including individuals and businesses, to be called Identity Assurance, is moving forward rather quietly under the radar, reports Jaimie Kaffash, but awareness levels are low and a wholesale review of interactions with HMRC will be required according to tax advisers

17 Sep 2014

Tax | HMRC restructures WT support for tax agents

HMRC is investigating how it can provide greater choice and more flexible services to agents and customers through increased use of digital channels to meet its digital targets to move services online, including increased use of social media and a restructure of its 'working together' coordinators

9 Sep 2014

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Tax | Tax updates: September 2014

In our monthly round-up of major tax cases and news, Sharon Khin assesses Rusling ruling on discovery assessments, loss of tax attributable to accountant’s negligence in Rotberg and sub-postmaster termination payment deductions disallowed, while Scotland hints at 17% corporation tax rate

1 Sep 2014

Tax | Chancellor launches £20m theatre tax relief with trip to Arcadia

The Chancellor took a break from Number 11 to head down to Brighton today, visiting the Theatre Royal Brighton to launch the new tax relief for regional theatre touring productions which comes into effect on 1 September 2014

29 Aug 2014

Law and Regulation

Tax | Corporation tax receipts and liabilities on downward trend

The tax take from corporation tax is down 2% year on year to £39.5bn and has still not returned to pre-crash levels, according to the latest statistics published by HMRC

29 Aug 2014

Tax | Debate over business benefits of Scottish independence hots up

Proposals by the Scottish National Party (SNP) to cut corporation tax rates if Scotland becomes independent risk turning the country into a tax haven for multinational companies, according to warnings from the Scottish Labour party

29 Aug 2014

Accountancy Firms

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Tax | Goodwill valuations – what to consider post Wildin tax case

After the ruling in the Wildin case, Peter Rayney says the value of goodwill must be commercially sustainable. Over the last decade or so, many tax advisers and accountants have had to dust down their goodwill valuation texts

29 Aug 2014

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Tax | In my view: the expert witness in Wildin goodwill case

The expert witness can play a pivotal role in complex tax cases as Derek Smith, senior consultant at Foulger Underwood, discovered when he was called up at the recent Wildin case

28 Aug 2014

Law and Regulation

Tax | Offshore gambling operators need UK fiscal representative

The introduction of new tax rules for non-UK gambling operators later this year means that offshore companies will have to apply for HMRC approval of a fiscal or administrative UK representative as part of the Gambling Tax Reform registration process.

27 Aug 2014

International Tax

Tax | Self-certifying tax compliance working for public contracts, claims Cabinet Office

Only one company failed to meet the mandatory test criteria to tender for government procurement contracts over the past year and this was not for tax transparency reasons, according to the first HMRC/Cabinet Office report into tax and procurement.

27 Aug 2014

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Tax | Offshore criminal offence: will it stop tax evaders?

HMRC gets out the handcuffs for offshore tax evaders but will they have much impact, asks Ronnie Ludwig, partner at Saffery Champness, who warns that tax advisers need to keep up to speed with potential risks

27 Aug 2014

| BIS feedback on country-by-country reporting for extractives

The Department for Business, Innovation and Skills (BIS) has published a response to its consultation on the implementation of the country-by-country reporting provisions of the EU Accounting Directive in relation to extractive companies

26 Aug 2014

Financial Reporting

Tax | Scotland consults on rates for new Land and Buildings Transaction Tax

The Finance Committee of the Scottish government is calling for comment and views on the setting of proposed rates and bands for the new Land and Buildings Transaction Tax (LBTT) - the Scottish equivalent to Stamp Duty Land Tax (SDLT) and the likely impact on the property market and the wider economy

26 Aug 2014

Tax | ESC A37 rules on director fees should be put into law, says CIOT

The Chartered Institute of Taxation (CIOT) is calling for legislation to cover Extra-Statutory Concession A37 (ESC A37), relating to the tax treatment of directors’ fees received by partnerships and other companies

22 Aug 2014

B&ADTV

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