Revenue paid up to £100,000 for details of secret bank accounts in Liechtenstein – The Guardian

Posted February 25th, 2008 in news, taxation by sally

“Britain’s tax authorities have paid up to £100,000 to an informant for details of secret bank accounts held by wealthy Britons and overseas residents using one of the world’s most notorious tax havens, Liechtenstein.”

Full story

The Guardian, 25th February 2008

Source: www.guardian.co.uk

Migrants must pay a tax to enter UK – Daily Telegraph

Posted February 20th, 2008 in immigration, news, taxation by sally

“Foreigners coming to Britain are to face a new ‘immigrant tax’ under Government plans to try to make them help pay for the schools and hospitals they use, ministers are to announce.”

Full story

Daily Telegraph, 20th February 2008

Source: www.telegraph.co.uk

Great art ‘will be forced abroad by tax law’ – The Times

Posted February 11th, 2008 in artistic works, domicile, news, taxation by sally

“The British public will miss out on seeing some of the greatest works of art in the world because of the Government’s tax plans for nondomiciled foreigners, the director of the Tate said yesterday.”

Full story

The Times, 9th February 2008

Source: www.timesonline.co.uk

Revenue and Customs Commissioners v Trustees of the Peter Clay Discretionary Trust – WLR Daily

Posted November 19th, 2007 in expenses, taxation, trusts by sally

Revenue and Customs Commissioners v Trustees of the Peter Clay Discretionary Trust [2007] EWHC 2661 (Ch)

“Expenses incurred by trustees of a discretionary trust for the benefit of both capital and income beneficiaries were properly chargeable to capital.”

WLR Daily, 16th November 2007

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.

Bill could ban tax exiles from House of Lords – The Guardian

Posted November 16th, 2007 in constitutional reform, news, parliament, taxation by sally

“A forthcoming constitutional reform bill could include measures to stop tax exiles from sitting in the House of Lords, the cabinet secretary said yesterday amid further questions about the tax status of the millionaire Tory donor Lord Ashcroft.”

Full story

The Guardian, 16th November 2007

Source: www.guardian.co.uk

Court says taxpayers can sue Revenue for errors – The Times

Posted October 26th, 2007 in HM Revenue & Customs, negligence, news, taxation by sally

“Businesses or individuals who have lost out because of serious errors at Revenue and Customs will be able to sue for damages following a landmark legal victory yesterday.”

Full story

The Times, 25th October 2007

Source: www.timesonline.co.uk

Tax guide printed in small print – BBC News

Posted September 7th, 2007 in news, publishing, taxation by sally

“An authoritative guide to UK tax law has been published in smaller print to try to keep its growth under control.”

Full story

BBC News, 6th September 2007

Source: www.bbc.co.uk

Ministers consider higher taxes to curb youth drinking problem – The Independent

Posted August 16th, 2007 in alcohol abuse, news, taxation by sally

“Celebrity booze culture came under fire from the Government yesterday as a Home Office minister gave the clearest signal yet that tax on alcohol will be raised to curb drinking problems among young people.”

Full story

The Independent, 16th August 2007

Source: www.independent.co.uk

Family businesses to lose out in tax review – The Times

Posted July 27th, 2007 in news, small businesses, taxation by sally

“Hundreds of thousands of small businesses and family partnerships will be forced to pay more tax under reforms proposed by the Government today.”

Full story

The Times, 26th July 2007

Source: www.timesonline.co.uk  

Finance Act 2007

Posted July 26th, 2007 in customs and excise, legislation, taxation by sally

Finance Act 2007 published

Full text of Act

Source: www.opsi.gov.uk