Allcock blamed for company collapses
Personal Tax

Allcock blamed for company collapses

27y Idris Nagri

Allcock blamed for company collapses

Doubt has been cast over high-profile investigations involving jailed Inland Revenue tax inspector Michael Allcock which led to the collapse of Polly ...

View article
Recognising the benefits of keeping down property costs
Personal Tax

Recognising the benefits of keeping down property costs

27y Idris Nagri

Recognising the benefits of keeping down property ...

Property cost reduction is not a last resort, but a strategy forsuccess which all ambitious businesses should adopt, suggests PhilipIngleby. Read More...

View article
SMEs threatened by new revenue powers
Personal Tax

SMEs threatened by new revenue powers

27y Idris Nagri

SMEs threatened by new revenue powers

Businesses face an unprecedented onslaught from revenue authorities as the Government bids to boost its tax yield, experts said this week. At most ris...

View article
Get the latest analysis and reports delivered to your inbox daily
Employment termination tax set for this year
Personal Tax

Employment termination tax set for this year

27y Idris Nagri

Employment termination tax set for this year

Special arrangements for taxing employment termination settlements agreed since April 1996 will be introduced prior to an Inland Revenue consultation ...

View article
IoD calls for business-friendly tax system
Personal Tax

IoD calls for business-friendly tax system

27y Idris Nagri

IoD calls for business-friendly tax system

The Institute of Directors has called for a radical overhaul of the UK tax system to encourage enterprise and create wealth. IoD taxation executive Ri...

View article
Barclays backs away from self-assessment helpline
Personal Tax

Barclays backs away from self-assessment helpline

27y Idris Nagri

Barclays backs away from self-assessment helpline

By Jon Bunn Barclays Bank is scrapping plans to develop a self-assessment telephone advice service amid fears about client confidentiality and escalat...

View article
Internet tax return scheme fails to allay security fears
Personal Tax

Internet tax return scheme fails to allay security fears

27y Idris Nagri

Internet tax return scheme fails to allay security...

Self-employed taxpayers will soon be able to return tax forms over the Internet, the Government said last week, despite fears that confidential inform...

View article
Dismay at residency proposals
Personal Tax

Dismay at residency proposals

27y Idris Nagri

Dismay at residency proposals

The Inland Revenue is to stop ruling on taxpayers’ residency or domicile status under self-assessment. The decision, which will hit thousands of...

View article
Finance Bill retreat casts doubt on quality of drafting standards
Personal Tax

Finance Bill retreat casts doubt on quality of drafting standards

27y Idris Nagri

Finance Bill retreat casts doubt on quality of dra...

The Government’s latest Finance Bill U-turn has raised serious questions about its drafting standards and levels of consultation. Exchequer Secr...

View article
Irish look to clamp down on property tax avoidance
Personal Tax

Irish look to clamp down on property tax avoidance

27y Idris Nagri

Irish look to clamp down on property tax avoidance

The European Commission is examining a request by the Irish authorities to derogate from EU VAT rules in order to counter growing tax avoidance involv...

View article
'Safe' VCTs abuse tax breaks, claim rivals
Personal Tax

'Safe' VCTs abuse tax breaks, claim rivals

27y Idris Nagri

'Safe' VCTs abuse tax breaks, claim rivals

So-called ‘protected’ venture capital trusts are abusing the spirit of the legislation by handing tax breaks to risk-shy investors and big...

View article
ON THE LAW PATH
Personal Tax

ON THE LAW PATH

27y Idris Nagri

ON THE LAW PATH

Are accountants destined to remain the poorly paid relations of theirlegal cousins, or are the big wigs about to get their come-uppance? PatrickWilkin...

View article
Alternative
Personal Tax

Alternative

27y Idris Nagri

Alternative

If you can't see the wood for the trees in the pensions maze, howabout investing in a nice bit of woodland? William Cobbett branches out. Read More...

View article
Ex-Revenue staffers join CW in Simplitax launch
Personal Tax

Ex-Revenue staffers join CW in Simplitax launch

27y Idris Nagri

Ex-Revenue staffers join CW in Simplitax launch

By Jon Bunn Clark Whitehill has signed up at least 100 former tax officials to act as franchisees for its new self-assessment advisory service. Simpli...

View article
Customs recruits 350 VATmen
Personal Tax

Customs recruits 350 VATmen

27y Idris Nagri

Customs recruits 350 VATmen

By Jon Bunn Customs & Excise?s war against tax fraud, evasion and avoidance has been boosted by the call-up of an extra 350 VAT officers. The new ...

View article
Doubts over ASB interim reporting requirement
Personal Tax

Doubts over ASB interim reporting requirement

27y Idris Nagri

Doubts over ASB interim reporting requirement

By Hamish Champ The Accounting Standards Board?s Statement on Interim Reporting has been broadly welcomed by the profession, but opinion is split on w...

View article
Exchequer retreats on VAT property plan
Personal Tax

Exchequer retreats on VAT property plan

27y Idris Nagri

Exchequer retreats on VAT property plan

Pressure from accountants and the property industry has forced the Government to back down on a controversial Finance Bill measure designed to counter...

View article
ELS delay at the Revenue
Personal Tax

ELS delay at the Revenue

27y Idris Nagri

ELS delay at the Revenue

The Inland Revenue admitted this week that its electronic lodgement system to support self-assessment will arrive nearly a month late after three week...

View article
Revenue puts heat on Jersey
Personal Tax

Revenue puts heat on Jersey

27y Idris Nagri

Revenue puts heat on Jersey

Price Waterhouse and Ernst & Young may defy the Inland Revenue’s bombshell decision this week to tax Jersey LLPs as corporations by attempti...

View article
Proposal for DSS, Customs and Revenue data matching
Personal Tax

Proposal for DSS, Customs and Revenue data matching

27y Idris Nagri

Proposal for DSS, Customs and Revenue data matchin...

Scrapping barriers to exchanging information between the Inland Revenue, Customs & Excise and the Department of Social Security will result in hug...

View article
Tax bodies in last ditch attempt to influence self-assessment regime
Personal Tax

Tax bodies in last ditch attempt to influence self-assessment regime

27y Idris Nagri

Tax bodies in last ditch attempt to influence self...

Mistrust, confusion, alienation, confrontation, self-assessment. Not words the Inland Revenue wants to see in the same sentence. But the English ICA&#...

View article
Managers show diminishing enthusiasm for VCT concept
Personal Tax

Managers show diminishing enthusiasm for VCT concept

27y Idris Nagri

Managers show diminishing enthusiasm for VCT conce...

Venture capital managers have gone cool on the idea of launching venture capital trusts (VCTs), the great enterprise investment tax break of the 1994 ...

View article
Protest at tax staff cuts
Personal Tax

Protest at tax staff cuts

27y Idris Nagri

Protest at tax staff cuts

Tax collection staff yesterday lobbied Parliament and handed petitions to 10 Downing Street over local office closure plans. The Public Services Tax a...

View article
FDs' faith in Revenue takes a dive
Personal Tax

FDs' faith in Revenue takes a dive

27y Idris Nagri

FDs' faith in Revenue takes a dive

One in four finance directors has lost faith in the Inland Revenue following the Michael Allcock scandal. Many others had little faith in the first pl...

View article
Chancellor warned by Snyder
Personal Tax

Chancellor warned by Snyder

27y Idris Nagri

Chancellor warned by Snyder

Standard Accounts Information on self-assessment forms fails to give clients sufficient information to help their businesses, warns the London Society...

View article
Government orders council to boycott tax firm
Personal Tax

Government orders council to boycott tax firm

27y Idris Nagri

Government orders council to boycott tax firm

Rushcliffe Borough Council employees have been told by the Government to boycott tax advisers recommended by their Tory-controlled local authority. Fi...

View article
Allcock implicated in Polly Peck scandal
Personal Tax

Allcock implicated in Polly Peck scandal

27y Idris Nagri

Allcock implicated in Polly Peck scandal

A leading tax investigator claims the Polly Peck investigation was based on misinterpreted information gleaned by maverick Inland Revenue inspector Mi...

View article