Latest draft legislation on interest restriction more helpful for infrastructure and real estate, says expert – OUT-LAW.com

Posted March 24th, 2017 in bills, construction industry, interest, news, taxation by sally

‘Amended draft legislation to restrict tax relief for interest payments includes changes to a new ‘public infrastructure’ exemption which will be helpful for infrastructure and real estate companies, according to a tax expert.’

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OUT-LAW.com, 21st March 2017

Source: www.out-law.com

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Family Law Week’s Budget Briefing: March 2017 – Family Law Week

Posted March 14th, 2017 in budgets, news, taxation by tracey

‘Suzanne Cobourne of Creaseys Chartered Accountants and tax advisers explains the Budget changes of most relevance to family lawyers.’

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Family Law Week, 8th March 2017

Source: www.familylawweek.co.uk

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Budget 2017: Chancellor plays safe & avoids an omnishambles – New Law Journal

Posted March 10th, 2017 in budgets, news, taxation by sally

‘Peter Vaines shares his views on Phillip Hammond’s first & last spring budget.’

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New Law Journal, 9th March 2017

Source: www.newlawjournal.co.uk

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The changing meaning of tax avoidance – OUP Blog

Posted March 2nd, 2017 in news, tax avoidance, tax evasion, taxation by sally

‘There are some economic terms that are fixed and immutable. Marginal cost will always be the addition to cost from an incremental increase in output, and average cost will never be anything other than total cost divided by output. Other terms have greater fluidity and evolve over time with developments in theory and practice. For this reason, compilation of the Dictionary is never finished and definitions are never final.’

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OUP Blog, 1st March 2017

Source: www.blog.oup.com

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Lord Chief Justice “strongly opposes” accountants’ bid to handle litigation and advocacy work – Legal Futures

Posted February 21st, 2017 in accountants, advocacy, legal representation, legal services, news, taxation by sally

‘The Lord Chief Justice has outlined his “strong opposition” to a bid to allow accountants to handle tax litigation and advocacy work – and in return come under fire from the body that would regulate them.’

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Legal Futures, 21st February 2017

Source: www.legalfutures.co.uk

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Football tax review called for by HMRC chief – BBC News

Posted December 8th, 2016 in news, sport, tax avoidance, taxation by tracey

‘The chief executive of HM Revenue and Customs, Jon Thompson, has told MPs he would like to see a review of the way footballers can reduce their tax bills. He said payments to them for their image rights were “the most significant risk in football” faced by HMRC.’

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BBC News, 7th December 2016

Source: www.bbc.co.uk

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Cold calling, whiplash reform and IPT – Autumn Statement angers claimant lawyers – Legal Futures

Posted November 24th, 2016 in budgets, insurance, news, personal injuries, solicitors, taxation, telecommunications by tracey

‘Claimant personal injury lawyers have been left questioning why the government was prepared to announced in yesterday’s Autumn Statement that it is to ban cold-calling in relation to pensions, but not to stop it in personal injury – and whether Chancellor Philip Hammond let slip that the whiplash reforms are already a done deal.’

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Legal Futures, 24th November 2016

Source: www.legalfutures.co.uk

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Appeal judge dismisses challenge to removal of climate change levy exemption – OUT-LAW.com

‘A legal challenge to the government’s decision to end the climate change levy (CCL) exemption for renewable source electricity with only 24 days’ notice has been dismissed by the Court of Appeal.’

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OUT-LAW.com, 26th October 2016

Source: www.out-law.com

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Subsidy withdrawal from renewable energy entirely lawful – Court of Appeal – UK Human Rights Blog

‘In July 2015 the government announced that it was removing a subsidy for renewable energy. Its decision in fact was to take away the exemption that renewable source electricity enjoyed from a tax known as the climate change levy. We have covered previous episodes in the renewables saga on the UKHRB in various posts.’

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UK Human Rights Blog, 26th October 2016

Source: www.ukhumanrightsblog.com

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HMRC press briefing in film tax case breached confidentiality duty, says Supreme Court – OUT-LAW.com

”Off the record’ comments made by former HM Revenue and Customs (HMRC) permanent secretary for tax Dave Hartnett to journalists at The Times in 2012 breached the duty of confidentiality owed to taxpayers by the department, the UK’s highest court has ruled.’

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OUT-LAW.com, 20th October 2016

Source: www.out-law.com

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Government’s ‘draconian’ pension reforms have backfired, experts warn, as OBR says changes will cost billions – Daily Telegraph

Posted October 12th, 2016 in news, pensions, reports, taxation by tracey

‘George Osborne’s pension reforms will backfire and end up costing the taxpayer billions of pounds more every year as people stop saving for their retirement, the official Treasury watchdog has warned.’

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Daily Telegraph, 11th October 2016

Source: www.telegraph.co.uk

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Cherie Booth: Challenge to buy-to-let tax ‘not over yet’ despite judicial review failure – Daily Telegraph

Posted October 7th, 2016 in interest, judicial review, mortgages, news, taxation by tracey

‘Campaigners led by Cherie Booth QC said that they would continue their fight against the changes to taxation of buy-to-let income after their application to launch a judicial review of the new law was turned down.’

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Daily Telegraph, 7th October 2016

Source: www.telegraph.co.uk

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Cherie Booth to represent landlords fighting changes to tax regime – The Guardian

Posted October 5th, 2016 in barristers, landlord & tenant, news, taxation by sally

‘Cherie Booth QC, who with her husband – Tony Blair – and three children owns at least 10 houses and 27 flats, is to represent landlords fighting proposed changes to the tax regime at the high court in London on Thursday.’

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The Guardian, 4th October 2016

Source: www.guardian.co.uk

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New Act – legislation.gov.uk

Posted September 19th, 2016 in legislation, tax avoidance, tax evasion, taxation by tracey

Finance Act 2016

Source: www.legislation.gov.uk

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Wales moves to replace stamp duty with new land transaction tax – The Guardian

Posted September 12th, 2016 in bills, news, stamp duty, taxation, Wales by sally

‘The first new Welsh tax for almost 800 years is to be outlined in a bill expected to be introduced on Monday.’

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The Guardian, 12th September 2016

Source: www.guardian.co.uk

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Stamp duty aftershock triggers rollercoaster ride for conveyancers ahead of Brexit vote – Legal Futures

Posted August 25th, 2016 in conveyancing, news, stamp duty, taxation by sally

‘Conveyancing activity in Q2 followed a rollercoaster journey with transactions jumping by almost a quarter (24%) year-on-year – up from 230,430 to 286,425 – as completions were registered following the rush to beat the Stamp Duty Land Tax (SDLT) changes for buy-to-let properties and second homes on 1 April 2016, according to the latest edition of the Conveyancing Market Tracker from Search Acumen, the search provider.’

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Legal Futures, 25th August 2016

Source: www.legalfutures.co.uk

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‘More than half’ of taxpayer challenges to HMRC decisions successful – OUT-LAW.com

‘More than half of the challenges brought by taxpayers against HM Revenue and Customs (HMRC) decisions last year were successful, according to figures obtained by Pinsent Masons, the law firm behind Out-Law.com.’

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OUT-LAW.com, 23rd August 2016

Source: www.out-law.com

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Childhood obesity: UK’s ‘inexcusable’ strategy is wasted opportunity, say experts – The Guardian

Posted August 18th, 2016 in advertising, children, food, health, news, taxation by tracey

‘Medical experts and campaigners have criticised the government’s childhood obesity strategy as weak and embarrassing, and accused policymakers of throwing away the best chance to tackle the culture of unhealthy eating that is crippling the NHS. The government’s measures, centred on the sugar tax announced by George Osborne in March, rely on voluntary action by the food and drink industry and are shorn of any restrictions on junk food marketing and advertising.’

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The Guardian, 18th August 2016

Source: www.guardian.co.uk

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Harry Potter actor Rupert Grint loses £1m tax refund case – The Guardian

Posted August 10th, 2016 in appeals, HM Revenue & Customs, income tax, news, taxation by tracey

‘Harry Potter star Rupert Grint has lost his legal battle for a £1m tax refund. A tax tribunal judge rejected the actor’s appeal against an HM Revenue and Customs block on him using a change in accounting dates to shield his earnings from the higher 50% tax rate.’

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The Guardian, 9th August 2016

Source: www.guardian.co.uk

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Stamp Duty Land Tax – Tanfield Chambers

Posted July 12th, 2016 in enfranchisement, housing, leases, news, stamp duty, taxation by sally

‘Does the 3% second home surcharge apply to statutory lease extensions and enfranchisement under the 1993 and 1967 Acts?’

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Tanfield Chambers, 6th June 2016

Source: www.tanfieldchambers.co.uk

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