A £12m gift to county cricket champions Sussex could be liable to as much as
£5m in corporation or inheritance tax as HM Revenue & Customs launches an
inquiry into the gift.
The payment was made by former Sussex president Spen Cama, and could
jeopardise the county’s plans to redevelop of the County Ground at Hove,
the Times reports.
The county maintains that the monetary gift was an unsolicited gift and not
taxable, but fears that the investigation could drag on for months or even
Making Tax Digital will impose significant additional tax compliance costs on small businesses for little or no medium term benefit, tax and small business experts told MPs
MHA MacIntyre Hudson has partnered with cloud accounting software provider Xero ahead of the government’s requirement for digital records
The drive towards a fully digital tax regime is an admirable one, but mandation is simply wrong, according to one of the UK's most senior tax technology practitioners - Paul Aplin
Does Darwin's theory apply to taxation? Colin ponders...