TaxPersonal TaxAccountancyAge.com weekly news focus: Tax

AccountancyAge.com weekly news focus: Tax

Accountants 'baying for blood' are due to meet Inland Revenue officials today to discuss the growing storm over Budget changes to double tax relief which led to a war of words between the government and PricewaterhouseCoopers.

An AccountancyAge.com special feature today gives further details of the meeting, the unusually personal spat between the Blair, Brown and PricewaterhouseCoopers, and outlines what is at stake.

Speculation is rising that this issue could become to international companies what last year’s notorious IR35 Budget measure was to IT experts.

However ‘REVBN2D’ – the number of the Budget press release detailing the double tax move – has less of a ring to it than ‘IR35’. Was the Revenue’s use of a labelling system with somewhat longer numbers this year a deliberate move by the government to prevent a Budget press release gaining such notoriety?

Don’t forget to visit the AccountancyAge.com comment area this week to view the extensive post-Budget commentary from across the profession. More comments are contained in our special post-Budget area.

Other Budget fallout over the last week has included an attack by the insurance industry over a proposed tax on insurance reserves, and protests from dot.com companies that the chancellor has not done enough to cut their national insurance bills on share options.

Related Articles

Inheritance tax is 'unfit for modern society' and should be abolished, says think tank

Personal Tax Inheritance tax is 'unfit for modern society' and should be abolished, says think tank

3w Alia Shoaib, Reporter
Rent-a-room relief – the survey says…

Personal Tax Rent-a-room relief – the survey says…

2m Helen Thornley, ATT Technical Officer
What should the OTS prioritise in its review of inheritance tax?

Personal Tax What should the OTS prioritise in its review of inheritance tax?

4m Alia Shoaib, Reporter
LITRG urges government to consider tax changes in disability work plan

Administration LITRG urges government to consider tax changes in disability work plan

5m Lucy Skoulding, Reporter
HMRC appeal rejected in Tottenham Hotspur case

Administration HMRC appeal rejected in Tottenham Hotspur case

6m Emma Smith, Managing Editor
HMRC urged to clarify impact of income allowances on Self-Assessments

Personal Tax HMRC urged to clarify impact of income allowances on Self-Assessments

7m Alia Shoaib, Reporter
New trading allowance: simplicity, but not as we know it

Administration New trading allowance: simplicity, but not as we know it

8m Emma Rawson, ATT Technical Officer
Wealthy individuals could circumvent top tax rate rises

Personal Tax Wealthy individuals could circumvent top tax rate rises

9m Alia Shoaib, Reporter