Corporate tax reforms being considered by
HM Treasury could see £100bn of
profits lodged abroad brought back to the UK, with some £10bn to £15bn to come
thereafter, according to Chris Morgan, head of international corporate tax at
made this bold claim in an article today’s Independent with reference to a
discussion paper issued by HM Treasury entitled ‘Taxation of the foreign profits
of companies: a discussion document.
Morgan said that because such profits are left overseas rather than being
brought back to the UK and subject to tax, the new rules, in effect exempting
them from tax, will indeed, would be revenue neutral (as promised by the
He concluded this would leave the UK with a more liberal regime than France,
Germany or the United States.
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...