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The last decade saw the rise of the private buy to let landlord. Many of these properties are jointly owned by spouses or civil partners. Without proper tax advice, the rental income will default to...
Framework to provide greater certainty on tax policy
The Treasury has today published a draft Tax Framework for business. This is intended to provide greater certainty for large businesses about the Government's approach to the development of tax policy....
Happy New Year
Happy new year to all those celebrating the start of the Year of the Tiger.
I will be celebrating the Year of the Tax Hike, which is due to start on 6 April.
Anyone with a better name, please share...
Liechtenstein whistle blower case opens floodgates to litigation
The Liechtenstein bank LGT Treuhand (now known as Fiduco Treuhand) has been ordered to pay €7.3m to one of its customers, to compensate him for being prosecuted for tax evasion in Germany.
Heinrich...
Employers beware – changes to PAYE this Spring
HM Revenue & Customs (HMRC) has issued an urgent alert to employers – important PAYE changes are coming this spring, so make sure you’re prepared for them.
HMRC will write to all employers...
HMRC concessions on offshore bank accounts
There has been clarification by HMRC on the taxation of certain capital gains tax losses from transactions on foreign currency bank accounts as well as two new concessions.
The losses referred to...
Pre Budget Report – what does it mean?
Today’s PRB was fairly boring. Unless you are a bank. Or a banker. Or a shareholder of a bank (which I suppose includes all of us).
So let’s get the bankers out of the way before looking at...
More financial institutions can provide alternative finance
The Alternative Finance Arrangements (Amendment) Order 2009 came into force on 15 October 2009.
The tax rules on alternative finance arrangements (such as Sharia-compliant financial contracts) require...