A scheme to avoid paying corporation tax on a $20m (#12.8m) company sale has been outlawed by the Special Commissioners. The commissioners’ deci...
View articleUK companies could significantly reduce their tax bills by re-routing the bulk of their group financing through Dutch holding companies. The law, pass...
View articleThe Inland Revenue has been forced to pay compensation for more than three years of mistakes in computing an individual’s tax liability. The Omb...
View articleExamples of simplified sections of UK tax law have been welcomed by accountants. The Inland Revenue has published drafts of reworked legislation desig...
View articleA former Inland Revenue tax inspector has denied accepting bribes, including cash payments of more than #14,000 and holidays, from two taxpayers. Mich...
View articleCompanies will soon be able to obtain tax and National Insurance forms through their computer systems. Public services minister, Roger Freeman announc...
View articleLabour is considering plans to switch VAT from transactions to turnover for small businesses. The proposals from the Forum of Private Business were br...
View articleButte Mining has narrowly avoided becoming the first company to be taken to court by the Financial Reporting Review Panel, after agreeing to the watch...
View articleThe Inland Revenue’s treatment of employment termination payments is unlikely to change after a subsidiary of the former Thorn EMI group lost a ...
View articleThe market for high-street tax advisers faces its biggest shake-up ever under radical plans for franchised outlets being considered by the Post Office...
View articleNissan UK founder Octav Botnar has agreed to pay #59m to the Inland Revenue in an out-of-court settlement to end civil proceedings against the company...
View articleAccountants have widely condemned an unexpected Government clampdown on share buy-backs and special dividend schemes to exempt tax-payers. The Inland ...
View articleNeville Russell has launched a telephone helpline to aid taxpayers struggling with self-assessment. Callers to Tax Advice by Phone will receive the fi...
View articleThe profit-related pay (PRP) scheme is ‘not achieving its stated objectives’ and should be scrapped, according to The Institute for Fiscal...
View articleLiberal Democrats suggest increased taxes can be popular if the moneyraised is prudently spent. Read More...
View articleThe World Bank has chosen the Scots ICA to run a series of courses for trainee accountants in Russia. The institute is working with the Russian Nation...
View articleBA's Derek Stevens has transformed the way the airline's financedepartment operates. As he tells Leon Hopkins, business acumen andanalytical skills ar...
View articleTaxpayers’ agents are guilty of needlessly whipping up ‘aggro’ with the Inland Revenue and blaming the government department for the...
View articleThe massive re-organisation of financial accounting procedures at troubled car parking giant, National Car Parks, has resulted in the resignation of f...
View articleLabour’s proposal to axe tax-relief on private health insurance for the over-60s will hit both the elderly and the NHS. It would lead to premium...
View articleShadow Chancellor Gordon Brown is keeping his top rate tax options open despite Labour party leader Tony Blair’s claim to have no plans to ̵...
View articlePoor definition of a ‘debt on security’ lost Tarmac Roadstone Holdings its Special Commissioners appeal against tax on a capital gain of o...
View articleCustoms & Excise’s embattled VAT policy head, Martin Brown, has launched a vigorous defence of his decision to suspend and then continue ove...
View articlePotential abuse of the Rent A Room tax break scheme has been stamped out by the Inland Revenue. The Revenue added a clarifying sentence to this year&#...
View articleKPMG remains king of the Big Six auditors, increasing its lead over rivals as the firm with the most stock market clients. According to statistics rev...
View articleHundreds of tax payers look set to lose rebate claims for overpaid tax worth almost z6m on life assurance policies they hold with Legal & General....
View articlePublic services minister Roger Freeman last week pledged the Government to finding a solution to the liability burden faced by auditors. Speaking at t...
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