On 13 May the Chancellor of the Exchequer announced a surprise amendment to be made to the Finance Bill 2008 […]
Read More… from Income Tax: 22 million UK basic rate tax payers to be £120 better off
Category: Tax/Social Security
International mobility: HMRC announces interim update on residence and tax liability (booklet IR 20)
HMRC announced the publication of an update to its long standing booklet IR 20 on the taxation of residents and non-residents. […]
Court of Appeal refuses to extend legal professional privilege (“LPP”) to non-lawyers
Clients who obtain advice from non-lawyers may not be able to prevent the disclosure of information given to advisors. […]
CRD 3 and restrictions on remuneration in the financial services sector
An amended version of CRD (the “Capital Requirements Directive”) 3 was published on 30 September 2010 by the Council of Europe. […]
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Breaking news – New CEBS guidelines published on 10 December
Further to our article – CRD 3 and restrictions on remuneration in the financial services sector, the Committee of European Banking Supervisors (“CEBS”) has published new guidelines on the Capital Requirements Directive (“CRD 3”). […]
Read More… from Breaking news – New CEBS guidelines published on 10 December
The proposed new Scotland Act – How UK business may be affected
The Scotland Bill (the “Bill”), in its present form, could result in major changes to income tax, the introduction of the concept of a ‘Scottish taxpayer’, a new land tax and an increased landfill tax. […]
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Looming deadline for filing annual return forms for approved and unapproved share schemes
Looming deadline for filing annual return forms for approved and unapproved share schemes
The annual return forms must be filed by the relevant deadline or a penalty may be imposed by HMRC. […]
Self Assessment Tax – new regime significantly increases penalties for late filing
For the tax year 2011/12 there is a new penalty regime for late filing of tax returns and the late payment of tax. […]
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HMRC to fine small and medium sized businesses up to £3,000 for failing to keep proper records
HMRC has announced that it is to target 40% of the UK’s 4.9 million small and medium sized businesses which engage in poor record keeping and where HMRC expect that unpaid tax is likely to be due. […]
New OECD Model Tax Convention
The revised version of the condensed OECD Model brings welcome clarity to the meaning of employer for Article 15 (short term assignment) purposes. […]