Politics

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Tax | Treasury confirms ministerial team

The Treasury has confirmed details of its ministerial team, with two new appointments as exchequer secretary and financial secretary joining the existing team, following Prime Minister Theresa May’s government reshuffle earlier in the week

Tax | No change at top of Treasury in Cabinet reshuffle

Chancellor Philip Hammond held on to his seat in Prime Minster Theresa May’s new year Cabinet reshuffle, which saw no major changes after senior members refused to change jobs, including health secretary Jeremy Hunt who turned down the option to become business secretary

Tax | HMRC denies tax attack on Leave EU donors

HMRC has been forced to issue a rebuttal over media suggestions that individuals who gave money to the ‘Leave’ campaign in the run-up to the referendum on the UK’s membership of the EU are now being subjected to unfair tax treatment on their donations to a political cause

Tax | Edward Troup sets out vision for future of tax advisers at CIOT roundtable

After a four decade long career working in tax, outgoing HMRC chairman Edward Troup, joined a CIOT roundtable in December to set out his thoughts for the future of the tax authority and the inter-relationship of tax advisers with HMRC and clients over the next few years, highlighting the increasing need to monitor  the quality of advisers and acknowledging the impact of Making Tax Digital

Tax | Landmark US tax reform bill approved by Senate

The US is on the brink of introducing the biggest set of tax reforms for a generation, after President Trump’s flagship bill to slash corporation tax for business and introduce tax cuts for individuals was passed by the Senate, although it needs some final amendments and a second vote in the House before becoming law by the end of this year

Tax | X Factor single VAT for charity

As is becoming a Christmas tradition, the Chancellor has announced that VAT collected on sales for the X Factor winner’s charity song will be donated to children’s charities
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