Personal Tax

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Tax | Tax avoidance: distributions, dividends and anti-phoenixing rules

In HMRC's ever growing arsenal of anti-avoidance measures, the targeted anti avoidance rule (TAAR) can only apply if the taxpayer is liquidating and not selling their business, explains Pete Miller, director of The Miller Partnership, but advisers and businesses need to make sure they understand the potential tax liability of capital distributions

14 Jun 2017

Law and Regulation

Accountancy Firms

Leadership & Management

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Tax | Footballer Cristiano Ronaldo faces £12m tax fraud charges in Spain

Prosecutors in Spain have filed a lawsuit against Portuguese Real Madrid player, Cristiano Ronaldo, for an alleged €14.7m (£12.5m) tax fraud between 2011 and 2014

13 Jun 2017

International Tax

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Tax | Expats in Saudi Arabia face annual tax

Saudi Arabia has begun introducing a new tax regime, including an annual tax on expatriate hires and so-called ‘sin taxes’ on soft drinks and tobacco, in a move to boost the country’s revenues amid weak oil prices

13 Jun 2017

International Tax

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Tax | Register of beneficial ownership of trusts: who does it affect?

The launch of a register of beneficial ownership of trusts from June 2017 will sweep up all UK trusts and non-UK trusts with UK tax liability, with only bare trusts excluded. Jason Collins, partner and head of tax investigation, and Paul Noble, tax director at Pinsent Masons examine how the system will work and provides tips on the extended HMRC notification process

13 Jun 2017

International Tax

Law and Regulation

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Tax | Warning on DVLA car tax scam

Driver & Vehicle Licensing Agency (DVLA) is warning about a tax scam which targets drivers using a fake email, supposedly sent by DVLA, including a reference to report phishing as part of the hoax

13 Jun 2017

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Tax | Call for longer period to settle inheritance tax bills

Royal London is calling on HMRC to grant people more time to settle inheritance tax bills, after finding executors of larger, more complex estates risk having to pay these out of their own pocket, because of the time taken to wind up financial affairs

12 Jun 2017

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Tax | DUP could clash with Conservatives over Brexit

The Democratic Unionist Party’s (DUP) opposition to a hard Brexit could prove a stumbling block in attempts to strike a deal with the Conservatives, reports Calum Fuller

9 Jun 2017

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Tax | Election 2017: what a hung parliament means for tax policy

The final outcome of the election with a hung parliament and a Conservative government propped up by the Northern Irish DUP leaves business in a period of uncertainty in the runup to Brexit. Brian Palmer, tax policy adviser at the AAT, asks what the post election tax landscape looks like for tax advisers and accountants

9 Jun 2017

Making Tax Digital

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Tax | Cullinane: return of payment by gold bullion to avoid tax

The return of some tax avoidance schemes popular before the credit crunch is a worrying trend as the use of gold bullion to circumvent NICs' payments rears its ugly head despite HMRC attempts to curb their use. CIOT tax policy director John Cullinane is critical of use of this tax planning tool

8 Jun 2017

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Tax | Warning on iTunes tax scam

Action Fraud, the UK’s national reporting centre for fraud and cyber crime, is warning people once again about scammers contacting victims claiming to be from HMRC, and tricking older and vulnerable people into paying bogus debts and taxes using iTunes gift cards

7 Jun 2017

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Tax | General election 2017: manifesto tax policies at a glance

With days to go until the general election on 8 June, CCH Daily gives a snapshot of the key tax measures from income tax to the doubling of the employer charge for non-EU workers announced by the UK's political parties in their manifestos

7 Jun 2017

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Tax | Inheritance tax: passing on wealth to the children

The significance of inheritance tax and succession planning has shot to the top of the agenda as the question of long-term care costs has erupted. Liz Cuthbertson, partner at Mercer & Hole, examines the key IHT points to consider and the importance of taking action in good time

7 Jun 2017

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Tax | President Trump asks for tax filing extension

US President Donald Trump has applied for an extension to the deadline for filing his 2016 tax returns, amid continuing controversy over his failure to make the data public, but has not given the reason for his decision

5 Jun 2017

International Tax

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Tax | Dividend tax changes: how they affect trusts and beneficiaries

Peter Rayney FCA CTA TEP, examines the impact of dividend tax changes to trusts and their beneficiaries from bare trusts to interest in posession trusts, starting by highlighting some very important anti-avoidance rules, which effectively take precedence over all the other provisions, with worked examples of how to use trusts effectively

5 Jun 2017

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Tax | Election: the tax snapshot

As the June snap election looms, Calum Fuller asks tax advisers what tax policy they are looking for from the new government with certainty and a stop to the constant changes to tax rules at the top of the agenda

5 Jun 2017

International Tax

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Tax | Trump’s tax policy boost for UK-based Americans

US citizens living in the UK could be in line for reduction in their tax bills worth between $500 (£388) and $1,000 per year, according to London-based firm Bambridge Accountants

2 Jun 2017

International Tax

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