Multi-nationals and sweetheart deals

Mar 02, 2016

 In an unprecedented move, HMRC have issued a press release regarding the accusation that Google were offered a deal that short changed UK taxpayers. Here’s what they had to say regarding the “sweetheart…

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Tax Diary March/April 2016

Mar 02, 2016

 1 March 2016 - Due date for Corporation Tax due for the year ended 31 May 2015.

 2 March 2016 – Self Assessment tax for 2014/15 paid after this date will incur a 5% surcharge.

 16…

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The end of the 20 percent tax credit

Mar 01, 2016

From 6 April 2016, savers will no longer pay income tax on interest they receive from certain deposit accounts. This is due in large part to the introduction of the Personal Savings Allowance (PSA)…

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Taxman seizes more than 2 billion pounds from tax avoidance scheme users

Feb 25, 2016

According to HMRC, over £2 billion has been collected from users of tax avoidance schemes as a result of new government measures to collect disputed tax upfront.

New Accelerated Payments…

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Avoid the car fuel benefit charge

Feb 23, 2016

 

A reminder that it is not too late to avoid the hefty car fuel benefit charge if you drive a company car and your employer pays for your private fuel.

Many employers have an arrangement…

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Stamp duty land tax increases 1 April 2016

Feb 22, 2016

From 1 April 2016, landlords who acquire new property to let as residential accommodation will be required to pay SDLT at significantly higher rates. The increase is also expected to apply to private…

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The Google enquiry

Feb 20, 2016

Despite generating substantial profits from sales of online services to individuals and businesses in the UK, Google is perceived to be avoiding tax on these profits in the UK.

Press commentary…

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March yearends

Feb 12, 2016

If your company has a 31 March yearend, you only have a few weeks to consider available planning options that may save you tax for the current financial year 2015-16. There are also a number of practical…

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Business rates revaluation

Feb 09, 2016

The following announcement was posted to the GOV.UK website 1 February 2016:

“The Valuation Office Agency (VOA) is in the process of updating the rateable values of all business properties.…

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