Draft tax legislation gives greater predictability and clarity – HM Treasury

“Following Budget 2011, the Government has today published responses to a number of tax policy consultations, alongside draft clauses for legislation to be included in Finance Bill 2012.”

Full story

HM Treasury, 6th December 2011

Source: www.hm-treasury.gov.uk

Football League in court fight with HMRC over football creditors’ rule – The Guardian

Posted December 1st, 2011 in debts, illegality, insolvency, news, sport, taxation by sally

“A high court judge has been asked to take action against a football industry debt rule described as revealing ‘the ugly side of the beautiful game’.”

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The Guardian, 30th November 2011

Source: www.guardian.co.uk

Lawcast 199: Ashley Hayman on taxation and tax planning for Barristers – Charon QC

Posted November 24th, 2011 in barristers, podcasts, taxation by sally

“Today I am talking to Ashley Hayman, senior partner of Cassons for Counsel Chartered Accountants, about certain peculiarities that relate solely to barristers and which are not always picked up by non bar specialist accountants.”

Podcast

Charon QC, 24th November 2011

Source: www.charonqc.wordpress.com

“Charon QC” is the blogging pseudonym of Mike Semple Piggot, editor of insitelaw newswire.

Judge to examine Goldman Sachs tax deal – The Independent

Posted November 22nd, 2011 in auditors, inquiries, news, tax avoidance, taxation by sally

“A senior judge is to be brought in to investigate a series of highly controversial tax deals which cost the Exchequer millions of pounds in lost revenue.”

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The Independent, 22nd November 2011

Source: www.independent.co.uk

Mirrlees Review recommends “radical” tax reform – OUT-LAW.com

Posted September 15th, 2011 in income tax, national insurance, news, reports, stamp duty, taxation, VAT by tracey

“Stamp duty on property transactions is ‘inefficient and damaging’ and should be abolished, while VAT should be levied on financial services business and income tax merged with national insurance, an independent report on taxation in the UK has claimed.”

Full story

OUT-LAW.com, 14th September 2011

Source: www.out-law.com

Finance Act 2011 – legislation.gov.uk

Posted July 20th, 2011 in legislation, taxation by tracey

Finance Act 2011 published

Full text of Act

Source: www.legislation.gov.uk

Offshore gambling crackdown could mean win for Treasury – The Guardian

Posted July 15th, 2011 in gambling, internet, news, taxation by tracey

“A crackdown on offshore gambling companies that operate in the UK has been launched by the government in a move that is expected to clear the way for a tax grab by the Treasury.”

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The Guardian, 14th July 2011

Source: www.guardian.co.uk

 

Government consults on reforms to the taxation of non-domiciled individuals and a statutory definition of tax residence – HM Treasury

Posted June 17th, 2011 in consultations, domicile, taxation by sally

“The Government is today publishing a consultation on its plans to reform the taxation of non-domiciled individuals (‘non-domiciles’). It wants to ensure that non-domiciles make a fair tax contribution, as well as encourage them to invest in the UK and simplify the current tax rules for them.”

Full story

HM Treasury, 17th June 2011

Source: www.hm-treasury.gov.uk

Schröder v Finanzamt Hameln – WLR Daily

Posted April 5th, 2011 in EC law, freedom of movement, law reports, rent, taxation by sally

Schröder v Finanzamt Hameln (Case C-450/09); [2011] WLR (D) 121

“National legislation which allowed a resident taxpayer to deduct the annuities paid to a relative who had transferred immovable property to him, from the rental income derived from that property, but did not grant such a deduction to a non-resident taxpayer, was contrary to article 63FEU of the FEU Treaty in so far as the undertaking to pay those annuities resulted from the transfer of that property.”

WLR Daily, 31st March 2011

Source: www.iclr.co.uk

Please note once a case has been fully reported in one of the ICLR series the corresponding WLR Daily summary is removed.

Pitt and another v Holt and another; Futter and another v Futter and Others – WLR Daily

Posted March 14th, 2011 in financial advice, law reports, taxation, trusts by sally
“Where trustees, acting within their powers, carried out a transaction which was said to be vitiated by breach of trust on the ground that the trustees failed to have regard to a relevant matter, and where the reason that they did not have regard to it was that they had obtained and acted on advice from apparently competent advisers which turned out to be incorrect, then the charge of breach of trust could not be made out and the transaction was not voidable.”
WLR Daily, 10th March 2011
Please note once a case has been fully reported in one of the ICLR series the corresponding WLR Daily summary is removed.

Legal Services Act: the debate heats up – The Lawyer

Posted February 7th, 2011 in law firms, news, taxation by sally

“Last month (24 January) The Lawyer highlighted an accelerating trend that may well turn out to be one of the defining developments in this year of full Legal Services Act (LSA) implementation. An increasing number of firms are looking at introducing corporate vehicles into their partnerships.”

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The Lawyer, 7th February 2011

Source: www.thelawyer.com

Regina (Valentines Homes & Construction Ltd) v Revenue and Customs Commissioners – WLR Daily

Posted April 8th, 2010 in appeals, costs, HM Revenue & Customs, judicial review, law reports, taxation by sally

Regina (Valentines Homes & Construction Ltd) v Revenue and Customs Commissioners [2010] EWCA Civ 345; [2010] WLR (D) 92

“There was a public interest in issues such as the status, relevance and application of policy documents of general application emerging from the Revenue and Customs Commissioners, or any government department, being resolved in the Administrative Court, since it was the court with expertise in that area.”

WLR Daily, 7th April 2010

Source: www.lawreports.co.uk

Please note once a case has been fully reported in one of the ICLR series the corresponding WLR Daily summary is removed.

Death tax law ruled out next parliament – The Guardian

Posted March 30th, 2010 in elderly, news, social services, taxation by sally

“Andy Burnham, the health secretary, will today rule out legislation in the next parliament to impose a death tax to pay for social care for the elderly, but will promise new laws to cap the cost of residential costs after two years in a home.”

Full story

The Guardian, 30th March 2010

Source: www.guardian.co.uk

Revenue and Customs Commissioners v Kearney – WLR Daily

Posted March 25th, 2010 in appeals, law reports, national insurance, taxation, time limits by sally

Revenue and Customs Commissioners v Kearney [2010] EWCA Civ 288; [2010] WLR (D) 89

“To obtain an extension of time to pay Class 3 national insurance contributions a taxpayer had to show that his failure to make the payments on time was due to ignorance not caused by his own lack of care and diligence. All relevant circumstances were factors to be balanced together to assess or evaluate on a case-by-case basis whether due care and diligence had been exercised, and if not, whether that failure had been the cause of the contributor’s ignorance of his obligation to pay the contributions.”

WLR Daily, 24th March 2010

Source: www.lawreports.co.uk

Please note once a case has been fully reported in one of the ICLR series the corresponding WLR Daily summary is removed.

Taxation (International and Other Provisions) Act 2010

Posted March 19th, 2010 in legislation, taxation by sally

Taxation (International and Other Provisions) Act 2010

Full text of Act (PDF)

Source: www.opsi.gov.uk

R (Davies and another) v Revenue and Customs Commissioners; R (Gaines-Cooper) v Same – WLR Daily

Posted February 19th, 2010 in appeals, domicile, law reports, taxation by sally

R (Davies and another) v Revenue and Customs Commissioners; R (Gaines-Cooper) v Same [2010] EWCA Civ 83; [2010] WLR (D) 45

“The revenue had not been shown, in considering cases founded upon asserted non-resident status, to have altered its interpretation or application of relevant guidance material.”

WLR Daily, 18th February 2010

Source: www.lawreports.co.uk

Please note once a case has been fully reported in one of the ICLR series the corresponding WLR Daily summary is removed.

New rules could force Britain’s tax exiles to pay up – The Guardian

Posted February 18th, 2010 in domicile, news, tax avoidance, taxation by sally

“The government is unleashing a tough crackdown on Britain’s super-rich tax exiles in a move that will increase the pressure on dozens of the country’s wealthiest business figures and celebrities.”

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The Guardian, 17th February 2010

Source: www.guardian.co.uk

Tories evasive over Ashcroft tax status, says watchdog – The Guardian

Posted February 1st, 2010 in freedom of information, news, peerages & dignities, taxation by sally

“The Conservative leadership is today accused of being ‘evasive and obfuscatory’ over the tax status of Lord Ashcroft, the party’s deputy chairman and biggest donor, in a ruling by the information commissioner that sharply criticises the secrecy over where he is resident for tax purposes.”

Full story

The Guardian, 1st February 2010

Source: www.guardian.co.uk

Peers to be forced by law to pay taxes in the UK – or quit Parliament by Autumn – Daily Telegraph

Posted January 28th, 2010 in domicile, news, peerages & dignities, taxation by sally

“All peers will have to relinquish their ‘non-domiciled’ tax status and become UK taxpayers if they want to remain in Parliament, under a new Government law.”

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Daily Telegraph, 27th January 2010

Source: www.telegraph.co.uk

Broadband tax ‘to be made law’ – BBC News

Posted September 23rd, 2009 in internet, news, taxation by sally

“A controversial broadband tax ‘will be law before the next election’, according to Minister for Digital Britain Stephen Timms.”

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BBC News, 23rd September 2009

Source: www.bbc.co.uk