Some companies with purely UK operations are seeking advice as to whether
they should move abroad, tax advisers have revealed.
Speaking at an Accountancy Age Insider Business web seminar, Dominic
Stuttaford, tax lawyer at Norton Rose, said he has witnessed the phenomenon. ‘We
got some calls from some entirely UK operations with no international operations
saying “well we should be doing it”. And things quiet down and you say, “well,
no, you don’t really need to”,’ he said.
Chas Roy-Chowdhury, head of taxation at
ACCA, said a lot of the
issues stem from the moving of tax policy from Revenue to the Treasury, and the
impacts this has had on the effectiveness of the consultation process.
‘It just seems that tax policies are in the wrong place,’ he said.
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The UK tax gap fell in 2014-15 to its lowest-ever level of 6.5%, revealed official statistics published today
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states