The bankers’ bonus tax will drive some financial institutions to seek legal
advice on whether they can duck the tax by claiming they are not banks.
While they don’t expect wide-scale litigation to counter the tax, some will
look to challenge the authorities if they are targeted.
There will be scope for the current provisions to be challenged,
Mishcon de Reya lawyer
Daniel Naftalin told the FT.
Ronnie Fox, founder of law firm
said he doubted whether the 50% tax on bank bonuses of more than £25,000 would
lead to challenges.
Richard Le Tocq, head of Locate Guernsey, discusses the chancellor’s approach to high net worth individuals, and why relocation is increasingly attractive to HNWIs
MTD represents 'the single most significant change to the UK’s system of taxation in recent times', says Knill James partner Nick Rawson. So, how prepared are SMEs for digital tax reporting?
The firm says that the U-turn 'does not alter the need for a fundamental review of the way we tax work' and that the current tax system is in need of reform
Legislation on the NICs changes to be brought forward in the autumn following publication of 'the full effects of the changes to Class 2 and Class 4' in the summer