The new ATED legislation came into force on 1st April and will now apply to UK residential properties that are completely or part owned by a company, partnership, or collective investment scheme which are worth between £500,000 and £1 million.
Addressing an audience at the David Hume Institute on Tuesday evening, Scotland’s First Minister argued that tax powers must be used for Scotland’s long-term social and economic benefit.
Revenue Scotland has received its 100,000th tax return, ten months on from the creation of the first Scottish taxes in more than 300 years.
Legislation that would levy a supplement on the purchase of additional residential properties has been given the backing of MSPs on the Scottish Parliament’s Finance Committee today.
Over £2 billion has been collected from users of tax avoidance schemes as a result of new government measures to collect disputed tax upfront.
MEPs grilled eleven multinational companies on their corporate tax practices in a five-hour debate with the Special Committee on Tax Rulings on Monday.
Whilst it has never been acceptable to evade tax, the UK has been allowing people to regularise their affairs with favourable amnesty terms. That toleration is about to change. As has been observed: a ticking time bomb now exists under tax dispensations.
Fitch Ratings expects Colombian corporates cash flows to continue seeing pressure from rising taxes as the Colombian government seeks to offset declines in tax revenues from the oil sector.
An early glimpse at the income tax picture for 2016 is now available from Wolters Kluwer Tax & Accounting US.
New TUC-commissioned analysis published today (Thursday) of tax policies in the Conservative Party manifesto shows that the party has chosen to prioritise unfunded tax giveaways to the wealthy over support for the low-paid and middle earners.
With the new tax year starting on Easter Monday (6 April), changes to some tax rates and allowances will be introduced that individuals can take advantage of. ICAEW advises taxpayers to check which changes could make a difference to their personal finances and to get expert advice if unsure.
Receiving a hefty tax refund can be as joyful as Christmas in March or April. The goods you can buy are endless. Maybe even treat yourself to that new car you've had your eye on – after all, you work hard and deserve it.
The UK remains one of the most competitive tax destinations according to over 100 of the largest British-based businesses participating in KPMG's annual survey of tax competitiveness 2014. But Ireland has leapfrogged the UK to take the number one position this year.
Today the UK, alongside 50 other countries and jurisdictions from across the globe, is taking the next step in stamping out tax evasion by signing a new agreement at the Global Forum in Berlin to automatically exchange information.
A new pulse survey from Aon Hewitt, the global talent, retirement and health solutions business of Aon plc (NYSE: AON), reveals that a significant number of U.S. employers are taking immediate steps to avoid triggering the excise tax on high cost health plans when it goes into effect in 2018.
Walgreen's has rejected proposals to shift its tax base away from the US and to UK shores, after bringing the plans together raised concerns that it would not hold up to scrutiny.