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. […]
Read More… from The proposed new Scotland Act – How UK business may be affected
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. […]
For the tax year 2011/12 there is a new penalty regime for late filing of tax returns and the late payment of tax. […]
Read More… from Self Assessment Tax – new regime significantly increases penalties for late filing
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. […]
The revised version of the condensed OECD Model brings welcome clarity to the meaning of employer for Article 15 (short term assignment) purposes. […]
Pension of insured benefits to employees until state pension age under Equality Act 2010 […]
The UK Bribery Act came into force on 1 July 2010. The UK’s Bribery Act 2010 (the “Act”) applies to all organisations carrying on business in the UK and creates a number of offences, breach of which is punishable by up to 10 years imprisonment and an unlimited fine. […]
The Government has issued its proposals for a statutory residence test (“SRT”) for individual taxpayers. […]
Read More… from Proposed new residency test – Complexity replaces uncertainty?
The UK and Switzerland have reached an agreement which will see funds in Swiss bank accounts taxed and the proceeds remitted to the UK Treasury. […]
Read More… from Funds in Swiss bank accounts to be taxed from 2013
The consultation period relating to the proposed introduction of a statutory residence (and ordinary residence) test in the UK closed on the 9th September 2011. We are now awaiting the publication by the Government of a summary of responses. This will be followed by the publication of draft legislation for further consultation before the 2012 UK Budget in March next year. […]
Read More… from Proposed new statutory residence test – some reflections