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- Happy New Year from the Treasury 10:17am Nov 4
- YouTube Warning to Offshore Tax Dodgers 4:46am Nov 3
- Careless Entries in Tax Returns and the New Penalty Regime 4:00pm Oct 31
TaxationWeb tax information website
Sarah Bradford urges you to make the most of the higher stamp duty land tax threshold before it reverts back to £125,000 from 1st January 2010....
Julie Butler highlights some topical issues for business owners in terms of possible claims for 'Business Property Relief' for Inheritance Tax purposes. ---------- Does the Balfour case direct more protection with regard to Inheritance Tax (IHT) relief for the mixed farming Estate or less...
James Bailey warns of a potential stamp duty land tax trip when splitting property transactions into several smaller ones involving the same buyer and seller. ---------- Stamp Duty Land Tax (SDLT) is payable by the purchaser of land...
Pubs, clubs, restaurants and other retail businesses remaining open past midnight on New Year’s Eve will be allowed to continue charging VAT at 15% on their sales until they close or until 6am on 1 January 2010, whichever is the earlier.Similar arrangements will apply to telecommunications c...
Offshore tax dodgers are being warned they have one final chance to come clean, or face the consequences, in a hard-hitting YouTube video launched by HM Revenue & Customs (HMRC).In the two-minute video, Dave Hartnett, HMRC’s Permanent Secretary for Tax, warns that anyone with undeclared offshore b...
James Bailey offers some tax tips for individuals who have moved to a new home, but are unable to sell their previous one. IntroductionIn the current housing market, many people want to buy a new home but are unable to sell their old one at the right price...
Slim Gargouri provides an outline summary of the taxation of individuals in Morocco.Introduction - ResidenceAll Individuals resident in Morocco must pay tax on their employment income...
Mark McLaughlin CTA (Fellow) ATT TEP looks at a recent case which considered whether the use of an inaccurate property valuation in an Inheritance Tax return was negligent...
LITRG express concern that HMRC’s proposals to tackle employment status fraud in the construction industry will penalise the low-paid unrepresented worker more than the contractor or the Exchequer.Introduction: Generally, LITRG share HMRC’s distaste for the practice of ‘dressing up’ an employm...
Brian Redford, Director of HM Revenue & Customs’ (HMRC's) Agents and Employers Service Improvement Team (AESIT), explains the benefits of HMRC’s Budget Payment Plan. In...
TaxationWeb tax information website Earlier last week, TaxationWeb went offline for about 48 hours. Unfortunately, we were the victims of an attack by hackers. I suppose that we are in good company. However, why anyone would want to hack into a tax information website is lost on me. Anyway, normal service has now been resumed. So apologies for the 'downtime' last week, but many thanks as ever for your continued support. Mark McLaughlin
In a case involving Swiss Re, The European Court of Justice (‘ECJ’) yesterday ruled that VAT is now liable on the sale of reinsurance contracts. Th...
The National Audit Office (NAO) today published a damning report estimating that 1.5 million pensioners are overcharged by HMRC. This is no surprise to LITRG...
Three financial advisers were amongst eight people jailedfor their part in a VAT fraud amounting to almost £2million. The eight were part of a gang of eleven who had set up fictitious companies claiming to be trading in animal feeds, children’s clothing and fruit and vegetables. T...
The leader of a gang of duty free shoppers, who never even boarded their international flights, was jailed for 15 months on 22 October...
