Business Tax

Latest news

Tax | Government funding for apprentices in flood-hit areas

The government has announced a £27.7m package for over 50 projects designed to create jobs and apprenticeships in coastal towns across the country, including areas affected by the recent floods

7 Mar 2014

Tax | HMRC sets out guidelines on Bitcoin taxation

HMRC has published its first official brief on the tax treatment of activities involving Bitcoin and other similar cryptocurrencies, confirming that they will be exempt from VAT

4 Mar 2014

Tax

Business Tax

Tax | LLPs struggle to define ‘true partner’ tax tests

Uncertainty continues to surround planned changes to the taxation of limited liability partnerships (LLPs) which will come into force on 6 April, although HMRC has published a revised technical note and guidance on the new regulations, which are designed to tackle the issue of ‘disguised self employment'

28 Feb 2014

Tax | S&P says Scotland could float own currency

Standard and Poor (S&P), the ratings agency, has issued a report on the financial stability and credit worthiness of Scotland post-indendence, which says the country faces ‘significant, but not unsurpassable’ challenges if it decides to go it alone, and claims ‘there is no fundamental reason why Scotland could not successfully float a currency’.

28 Feb 2014

Tax | Businesses clearer on transfer pricing, says GT

Business leaders have much more clarity about cross-border tax planning issues, including the impact of potential reforms to transfer pricing than a year ago, and are implementing new processes to work within the rules, according to research from Grant Thornton.

27 Feb 2014

Tax | Standard Life may relocate if Scots vote yes

Large companies and industry regulators are becoming increasingly concerned about a range of potential risks to the financial services sector if Scotland becomes independent following the referendum later this year, particularly since the Chancellor has confirmed there would be no currency union with a separate Scotland.

27 Feb 2014

Tax | UHY warning on £200m NIC bill for new academies

The government’s flagship academy schools could face a £200m funding black hole as a result of planned changes to the state pension rules which will increase their employers’ National Insurance Contribution (NICs), according to research by UHY Hacker Young

21 Feb 2014

Tax | Bristol & West loses £27m corporation tax case appeal

Bristol & West, a division of the Bank of Ireland, has lost its second attempt to avoid £27m of corporation tax by claiming that there was a loophole in the law governing the taxation of derivatives

21 Feb 2014

Tax | Supreme Court clarifies cross-border rules in M&S dispute

The Supreme Court has issued further rulings in the long running dispute between HMRC and Marks & Spencer (M&S) concerning the availability of cross-border relief and the method of quantifying such relief

20 Feb 2014

Tax

Business Tax

International Tax

Tax | Strategy for new tax rules for LLPs

Solving the partnership structure problem calls for balanced review, not panic reactions, argues Julie Butler

19 Feb 2014

Tax | Tax deferral for flooded businesses

Prime minister David Cameron has said the government is to offer a tax deferral scheme for businesses affected by the recent heavy flooding across the UK, as part of a package of initiatives designed to help local economies recover from the disruption caused by the bad weather of the last two months

12 Feb 2014

Tax | Relief, what relief

Myriad complex business tax reliefs are not necessarily the answer so the Chancellor could take action to stimulate growth in the Budget next month, says Sara White

7 Feb 2014

Tax

Business Tax