The collection of UK taxes could be simplified, and the load spread more fairly, if we used UK citizenship in addition to UK residency, as the qualifying tests, says the Chartered Institute for Securities & Investment (CISI).
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.
Divorce can end up being a 50 per cent “tax” on your entire wealth. That’s far, far worse than the tax rate you’ll pay when you eventually sell your company for billions.
Harriet Harman today argued that Tax Credit losses would hit the poorest in society hardest, arguing ‘You don’t get higher pay by cutting tax credits’.
Britain’s higher earners should urgently consider reviewing their tax relief on pensions, affirms the chief executive of one of the world’s largest independent financial advisory organisations.
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.
New research reveals the scale and economic impact of unfilled vacancies on the UK economy – representing a staggering annual cost of over £18bn.
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.
A new survey from Aon Hewitt, the global talent, retirement and health solutions business of Aon plc, reveals that most employees around the world received pay increases in 2014 and can expect to receive comparable increases in 2015.
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.
Wealth & Finance December 2016
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