Law and Regulation

Latest news

Image for cameron announce criminal offence tax evasion

Tax | Cameron to announce criminal offence for tax evasion

In the wake of the release of the Panama Papers, the UK is to bring forward plans to introduce a criminal offence for corporations who fail to stop their staff facilitating tax evasion, the prime minister will announce later today in a statement to the Commons

11 Apr 2016

Law and Regulation

Image for european commission sets out action plan simplify eu28 vat regime

Tax | European Commission sets out action plan to simplify EU28 VAT regime

As part of a drive to simplify VAT across the 28 EU members states in light of the increasing share of borderless online sales, the European Commission has set out an action plan on VAT to create a ‘single EU VAT area’ for cross-border digital sales with new proposals set for publication by 2017

8 Apr 2016

Law and Regulation

Accountancy Firms

Image for bull tax transparency cbc reporting and elephants

Tax | Bull: tax transparency, CbC reporting and elephants

The introduction of country by country reporting for multinational businesses is meant to improve tax transparency and global momentum behind the move is growing, despite opposition, warns George Bull, senior tax partner at RSM

4 Apr 2016

International Tax

Law and Regulation

Accountancy Firms

Image for multinationals face reputational challenge over tax strategy information

Tax | Multinationals face reputational challenge over tax strategy information

New legal requirements for large companies to publish an annual tax strategy outlining their approach to tax planning, will raise potential reputational risk issues for business as well as adding to the overall costs of compliance, warns law firm Pinsent Masons

1 Apr 2016

International Tax

Law and Regulation

Image for penalties national living wage non compliance double

Tax | Penalties for National Living Wage non-compliance double

As the National Living Wage comes into force bringing in a pay increase for over one million workers as the minimum rate rises to £7.20 per hour, the government has doubled the size of penalties for non-compliance

1 Apr 2016

Law and Regulation

Image for large uk businesses must publish annual tax strategy 2017

Tax | Large UK businesses must publish annual tax strategy from 2017

New rules to force large businesses and some partnerships to publish an annual tax strategy are set to come into force later this year and will affect 2,000 of the UK’s largest businesses with a penalty regime in place for those companies that fail to comply

31 Mar 2016

International Tax

Law and Regulation

Image for budget 2016 key tax changes and implementation dates

Tax | Budget 2016: key tax changes and implementation dates

Our essential snapshot of the key measures announced in Budget 2016, including all the implementation and effective dates for new measures affecting capital gains tax (CGT), corporation tax, property tax, SDLT and IHT, as well as HMRC administrative changes to self assessment

31 Mar 2016

Law and Regulation

Image for scottish devolved tax powers enshrined law 0

Tax | Scottish devolved tax powers enshrined in law

The Scotland Act has received Royal Assent and now becomes law, offering wider devolved powers and paving the way for the Scottish government to set income tax rates and thresholds

24 Mar 2016

Law and Regulation

Accountancy Firms

Image for finance no 2 bill 2016 published

Tax | Finance (No. 2) Bill 2016 published

The Finance (No. 2) Bill, running to over 500 pages, has been published today, bringing into effect the changes announced in the Chancellor’s recent Budget, with the legislation due to receive Royal Assent in July following debate in parliament

24 Mar 2016

Law and Regulation

Image for hmrc clarifies gift aid rules family donations

Tax | HMRC clarifies gift aid rules for family donations

Following confusion over gift aid donations, HMRC has issued a clarification on the tax relief status of online donations to charity websites with messages signed by more than one person

23 Mar 2016

Law and Regulation

Image for draft finance bill due 24 march

Tax | Draft Finance Bill due 24 March

The draft Finance Bill 2016 is due to published this week, on Thursday 24 March, and is scheduled to be given Royal Assent in July 2016

22 Mar 2016

Law and Regulation

Image for budget 2016 english votes english laws income tax

Tax | Budget 2016: English votes for English laws on income tax

As announced at Budget 2016, legislation will be introduced in Finance Bill 2016 to enable the 'English votes for English laws' procedure to apply to the UK main rates of income tax in light of new devolved tax powers for Scotland

21 Mar 2016

Law and Regulation

Image for dividend taxation how new tax regime will affect owner managers

Tax | Dividend taxation: how the new tax regime will affect owner managers

Peter Rayney FCA CTA explores how the new dividend regime coming into force in April will affect tax liability with tips and advice for owner managers in light of the introduction of a fixed £5,000 annual dividend allowance this year

11 Mar 2016

Law and Regulation

Tax | House of Lords economic affairs committee to scrutinise Finance Bill

The House of Lords economic affairs committee has announced it will be looking at the draft Finance Bill 2016, with a particular focus on whether the proposed measures make the personal tax system simpler and their impact on the compliance burdens of individual taxpayers

18 Jan 2016

Law and Regulation

Tax | Finance (No. 2) Act published with DRD and BTL property tax changes

Finance Bill 2015-16, which was published after the Summer Budget 2015, has received Royal Assent and is now in force as Finance (No. 2) Act 2015 bringing in measures to remove tax relief for buy-to-let property owners, changes to the annual investment allowance and new powers for HMRC through direct recovery of debts (DRD)

19 Nov 2015

Law and Regulation

Tax | Commission modernises EU customs procedures

The European Commission has adopted a legal act to create a simpler, more modern and integrated EU customs system to support cross-border trade and provide for more EU-wide cooperation in customs matters, due to come into force in May 2016

28 Aug 2015

Law and Regulation

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