Bankers’ Association has told chancellor Alistair Darling that the imminent
changes to residence and domicile rules could have a ‘profoundly negative’
affect on UK’s reputation as a leading international financial sector.
In a letter to Darling the association warned that the London Stock Exchange
could also be affected by the non-dom tax changes, forcing businesses
contemplating public listings to consider other jurisdictions, the
Financial Times reports.
Angela Knight, BBA chief executive, warned the volume of consultations and
resulting pressure from a ‘cascade of tax issues’ on the industry were affecting
the quality of debate.
‘We strongly urge that the speed of change to the tax code should slow
considerably,’ she said.
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
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
HMRC has won its tenth successive case against tax avoidance schemes promoted by NT Advisors. The Court of Appeal has ruled that NT ... read more
HMRC is continuing to ramp up the number of raids on premises it carries out as part of criminal investigations, searching 761 properties in the last year