September 17, 2014
‘Knock knock’ it’s time to pay up says HMRC
HM Revenue & Customs is to deliver thousands of advanced payments notices (APN) to investors in tax avoidance schemes, in the next few weeks. It is thought that up to...
September 10, 2014
HMRC to close EBT settlements in March 2015
Taxpayers who use Employee Benefit Trusts (EBT) will lose access to the scheme from March 2015. The scheme, which allows taxpayers to settle outstanding liabilities has come under scrutiny in...
September 9, 2014
HMRC to challenge Rangers use of Employee Benefit Trusts
HM Revenue and Customs have been given the go-ahead to challenge a tax ruling over Scottish football club Rangers use of a Employee Benefits Trust. Having recently lost an upper-tier...
September 8, 2014
Treasury Committee: Wages are too low
Sir Nicholas MacPherson, The Treasury's most senior civil servant has claimed that wages are too low at the Treasury, causing many talented junior staff to leave in favour of the...
September 5, 2014
HM Revenue & Customs new tax proposals assume guilt
Financial advisers have promptly raised concerns over the new HMRC proposal to introduce criminal offences and civil sanctions in offshore tax evasion cases. In two consultation documents, HM Revenue &...
Accountancy firm numbers in decline
According to finance experts LDF, the number of accountancy practices has fallen by nearly 1,000 between 2009 and 2013. In 2009, there were 7,843 accountancy firms based with the UK,...
September 4, 2014
Financial Advisors to be included in new directory created by the Money Advice Centre
Plans for the directory had initially been limited to retirement advisers but have now been given the green light by the industry and consumers. All those approaching retirement will have...
September 3, 2014
PAYE Tax Reconciliations for 2013-2014
HMRC has initiated its automated end of year PAYE reconciliation process for the tax year 2013-14. P800 tax calculations will be sent out to those who have paid too little...
February 13, 2014
India’s tax rows will affect future investment in India
Recently the Indian Government has scrapped conciliation talks with Vodafone, the FT reports that Nokia has appealed to India's Supreme Court over an unrelated $1.1bn tax squabble while a recent...