Tax Compliance

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Tax | Supreme Court rules in non dom’s favour in landmark US/UK DTR case

In a landmark decision on the tax status of a non-dom taxpayer, the Supreme Court has ruled in favour of Mr Anson, a former private equity partner, who remitted income from a Delaware limited liability company (LLC) in US to the UK stating that he is entitled to double taxation relief (DTR), overturning earlier decisions on the issue at the Upper Tribunal (UT) and Court of Appeal 

Tax | Jeb Bush releases 33 years of personal tax returns

US presidential hopeful Jeb Bush has released 33 years of personal tax returns into the public domain as part of a bid to encourage greater transparency about the tax affairs of public figures, in a move which will increase the pressure on UK politicians to review their own decisions about disclosing how much tax they pay

Tax | Tax updates: July 2015

Our monthly round-up of significant tax cases includes business property relief denied in Green case over Flagstaff Holidays, non-cash consideration forms part of disposal proceeds, appeal allowed in Jackson case over takings claims, country by country reporting rules released and Monsanto considers relocating tax base to UK for tax advantage 

Tax | OTS should be independent with more powers to simplify tax system

The Office of Tax Simplification (OTS) should be strengthened and made an independent body with its own budget and a wider remit, so it can do more to support government efforts to create a stable, coherent tax system and reduce complexity around tax, according to Andrew Tyrie MP, newly re-elected chair of the Treasury select committee

Tax | ‘Deal or no deal’ on Scottish tax powers

Today sees the second day of the Committee stage of the Scotland Bill debated in the floor of the House of Commons, with the focus on the new tax arrangements and the government warning it is a make or break moment for SNP MPs who support Full Fiscal Autonomy (FFA) rather than the current plan to devolve some tax raising powers
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