Taxpayers can rely on concession unless it is publicly withdrawn, rules court – OUT-LAW.com

Posted May 11th, 2012 in HM Revenue & Customs, judicial review, news, taxation by tracey

“Taxpayers are entitled to rely on a concession made by HM Revenue & Customs (HMRC) in a formal publication unless and until the concession is publicly withdrawn, according to the High Court.”

Full story

OUT-LAW.com, 11th May 2012

Source: www.out-law.ocm

Activists given High Court go ahead to pursue HMRC over alleged ‘sweetheart’ deals – OUT-LAW.com

Posted April 19th, 2012 in HM Revenue & Customs, judicial review, news, taxation by tracey

“A group of activists is to raise a preliminary challenge to an alleged ‘sweetheart’ tax settlement between HM Revenue and Customs (HMRC) and investment bank Goldman Sachs, according to a national newspaper.”

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OUT-LAW.com, 18th April 2012

Source: www.out-law.com

Family Law Week’s Budget Briefing 2012 – Family Law Week

Posted March 22nd, 2012 in budgets, capital gains tax, corporation tax, news, tax avoidance, taxation by sally

“Steve Crompton & David Kitson, Tax Directors at RSM Tenon, review the Chancellor’s 2012 Budget announcements.”

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Family Law Week, 21st March 2012

Source: www.familylawweek.com

Squatting law reforms ‘could cost taxpayers £790m over five years’ – The Guardian

Posted March 19th, 2012 in benefits, budgets, legal aid, news, squatting, taxation by sally

“The cost of a new law to further criminalise squatting could run to almost 20 times official estimates, wiping out government legal aid budget savings, according to the findings of a newly published report.”

Full story

The Guardian, 16th March 2012

Source: www.guardian.co.uk

Article 1 of Protocol 1 of the European Convention on Human Rights: Taxation – 11 KBW

Posted March 6th, 2012 in human rights, news, taxation by sally

“Article 1 of Protocol 1 (A1P1) of the European Convention on Human Rights (‘the Convention’) states that:

Every natural or legal person is entitled to the peaceful enjoyment of his possessions. No one shall be deprived of his possessions except in the public interest and subject to the conditions provided for by law and by the general principles of international law. The preceding provisions shall not, however, in any way impair the right of a State to enforce such laws as it deems necessary to control the use of property in accordance with the general interest or to secure the payment of taxes or other contributions or penalties.”

Full story (PDF)

11 KBW, 2nd March 2012

Source: www.11kbw.com

HSBC faces potential £3bn UK tax bill if it loses HM Revenue and Customs case – The Guardian

Posted February 28th, 2012 in banking, news, taxation by tracey

“HSBC, the UK’s biggest bank, has admitted it faces a potential tax bill of up to up to $4.9bn (£3bn) if it loses an ongoing case with HM Revenue and Customs.”

Full story

The Guardian, 28th February 2012

Source: www.guardian.co.uk

New tax watchdog to stop ‘sweetheart deals’ with big firms – Daily Telegraph

Posted February 28th, 2012 in HM Revenue & Customs, news, tax avoidance, taxation by tracey

“A watchdog is to be appointed to ensure that the taxman does not strike overly-generous sweetheart deals with big firms trying to avoid multi-million pound bills.”

Full story

Daily Telegraph, 28th February 2012

Source: www.telegraph.co.uk

Changes in law may be recommended to allow data sharing to combat fraud – OUT-LAW.com

Posted February 9th, 2012 in benefits, data protection, fraud, news, taxation by sally

“A Government-appointed taskforce is prepared to recommend changing the law if it finds ‘unnecessary legal barriers’ to the sharing of information under just-announced anti-fraud plans.”

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OUT-LAW.com, 8th February 2012

Source: www.out-law.com

Exposed: Taxman’s ‘illegal’ war against Britain’s small businesses – The Independent

Posted January 13th, 2012 in fines, HM Revenue & Customs, news, taxation, tribunals by sally

“Tax Tribunal rules HMRC is waiting months before alerting firms returns are late so that fines stack up.”

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The Independent, 13th January 2012

Source: www.independent.co.uk

HMRC extends alternative dispute resolution trial for smaller businesses – OUT-LAW.com

Posted January 11th, 2012 in dispute resolution, HM Revenue & Customs, news, pilot schemes, taxation, tribunals by sally

“An alternative dispute resolution (ADR) pilot which allows smaller businesses to resolve tax disputes without having to resort to a tribunal is to be extended, HM Revenue and Customs (HMRC) has announced.”

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OUT-LAW.com, 11th January 2012

Source: www.out-law.com

MPs publish “damning indictment” of alleged HMRC deals with big businesses – OUT-LAW.com

Posted December 21st, 2011 in auditors, HM Revenue & Customs, news, taxation by tracey

“There are ‘specific and systemic’ failures in the way in which HM Revenue and Customs (HMRC) handles tax disputes with big companies which must be addressed, an influential committee of MPs has said.”

Full story

OUT-LAW.com, 20th December 2011

Source: www.out-law.com

‘Pension unlocking’ loan schemes ruled unlawful – OUT-LAW.com

Posted December 21st, 2011 in loans, news, ombudsmen, pensions, taxation, trusts by tracey

“Loans between pension schemes are ‘unauthorised payments’ which cannot be used as a way of unlocking pension capital before a scheme member retires, the High Court has ruled.”

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OUT-LAW.com, 21st December 2011

Source: www.out-law.com

Companies facing judge-led investigation over HMRC tax deals – Daily Telegraph

Posted December 15th, 2011 in HM Revenue & Customs, inquiries, news, reports, taxation by sally

“A string of companies are facing a judge-led investigation into deals with HM Revenue and Customs which allowed them to escape paying billions of pounds in tax.”

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Daily Telegraph, 15th December 2011

Source: www.telegraph.co.uk

Employment tribunal fees to benefit business and taxpayers – Ministry of Justice

Posted December 14th, 2011 in employment tribunals, fees, news, taxation by sally

“Plans to lower the £84 million cost to the taxpayer, and relieve pressure on businesses, through the introduction of fees for employment tribunals were announced today by Justice Minister Jonathan Djanogly.”

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Ministry of Justice, 14th December 2011

Source: www.justice.gov.uk

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.”

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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.”

Full story

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