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Image for treasury committee scrutinise student loan system

Tax | Treasury committee to scrutinise student loan system

The Treasury Committee is launching a new inquiry into the student loan system and related financial implications, including the repayment threshold, interest rates, tuition fees, and the impact on university finances

16 Oct 2017

Tax

Personal Tax

Politics

Image for hammond front treasury committee next week

Tax | Hammond in front of Treasury committee next week

Next week sees the first appearance by Chancellor Philip Hammond in front of the new Treasury ommittee, to be followed by a subsequent session when Mark Carney, governor of the Bank of England, will be facing MPs’ questions

6 Oct 2017

Tax

Tax Planning

Politics

Image for prime minister pledges ps2bn affordable homes

Tax | Prime minister pledges £2bn for affordable homes

Prime Minister Theresa May’s speech to the Conservative party conference included a commitment to what she called a ‘new generation’ of council and housing association homes, plus long term social rental deals, as part of moves to address problems in the housing market, but had few details of any innovations designed to attract the business vote

5 Oct 2017

Tax

Politics

Image for ireland referred ecj after failure collect eu13bn apple tax

Tax | Ireland referred to ECJ after failure to collect €13bn Apple tax

Ireland has been referred to the European Court of Justice (ECJ) after failing to collect €13bn (£11.5bn) from US technology giant Apple

4 Oct 2017

Tax | Welsh to raise stamp duty rates for £400k plus property purchases

Property buyers in Wales will be hit by a higher rate stamp duty on house purchases valued at over £400,000 in the first change to property tax as a result of new devolved tax powers which come into effect from 1 April 2018

4 Oct 2017

Tax | Labour plans to introduce gambling levy

A future Labour government would introduce a compulsory gambling levy on bookmakers and others in the industry, in a bid to provide more help for problem gamblers, deputy leader Tom Watson has said

27 Sep 2017

Tax | What Trump's tax reform will mean for US expats in UK

Nine months into the Trump presidency, proposed tax reforms have been impeded, leading to confusion for Americans around the world, Bambridge Accountants managing partner Alistair Bambridge explains

27 Sep 2017

Tax | Lib Dems call for tougher penalties on foreign property investors

In his first speech as Liberal Democrat leader, Vince Cable has called for ‘fierce’ tax penalties on overseas residents purchasing UK property for investment purposes and outlined plans to replace student fees with a graduate tax

20 Sep 2017

Tax | EU finance ministers agree to draft digital tax laws for IT giants

The EU is closer to reaching agreement on draft rules for a pan-European digital tax basis for major multinational IT giants such as Amazon and Google, with proposals based on permanent establishment status due to be released in spring 2018

18 Sep 2017

Tax | Roy-Chowdhury: end of fossil fuel taxes will dent Exchequeur

Public finances must adapt to a future without fossil fuel cars but the Treasury will find it hard to take the loss when the cash cow of £28bn in annual fossil fuel taxes dries up, warns Chas Roy-Chowdhury, head of taxation at ACCA

12 Sep 2017

Finance | Lack of transparency over government use of £973m Libor Fund

The National Audit Office (NAO) has slated the government’s handling of the £973m Libor Fund, which makes charity donations from fines paid by banks for manipulating key benchmarks, saying it is unclear whether the money has been used as intended and whether a commitment to fund additional apprenticeships has been met

8 Sep 2017

Tax | Finance Bill (No.2) to be published 8 September

The government has announced the Finance Bill will be published on Friday 8 September, following the delays caused by the April snap election

6 Sep 2017

Tax | Scottish government may raise income tax by 1p

The Scottish government has signalled it is considering using new devolved tax powers to vary the rate of income tax for the first time, after first minister Nicola Sturgeon announced a discussion paper on ‘the use of income tax in Scotland to support public services’

6 Sep 2017

Tax | Farming: prospects post-Brexit - part 4

With the prospect of Brexit less than two years away, for the first time in more than 40 years, the UK can create its own farming policy. National Farmers Union chief economics adviser Dr Andrew Francis considers the pros and cons of a new tariff environment for the farming community and their tax advisers

5 Sep 2017

Tax | Trump lays groundwork for tax reform but offers no details

Donald Trump has once again reiterated his desire to undertake swingeing tax reforms which he claims would let loose the US economy and benefit ordinary Americans, despite providing no detail in his proposals

31 Aug 2017

Tax

International Tax

Politics

Image for scottish rate income tax who should pay

Tax | Scottish rate of income tax: who should pay?

Devolution has seen real change to the UK tax system with the introduction of tax raising powers for the Scottish government and the introduction of the Scottish Rate of Income Tax (SRIT). Saffery Champness partner Elaine McInroy considers the key issues for employers and employees defined as Scottish taxpayers

31 Aug 2017