Tax changes ahead for partnerships?

Nov 28, 2013

HMRC are considering changes to the tax rules for partnerships. Changes arising will be included in legislation that will be effective from 6 April 2014.

HMRC’s formal consultation closed…

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National Minimum Wage

Nov 26, 2013

Many businesses are unaware that the National Minimum Wage (NMW) rules are monitored by HMRC. There are consequences if you fail to pay employees NMW rates.

Currently, the rates set 1st

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Deliberate tax defaulters

Nov 21, 2013

A new list of deliberate tax defaulters has been published by HMRC on 12 November 2013. It includes a number of food retailers, hairdresser, wholesalers, a yacht brokerage, construction industry firms,…

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Where there\'s a Will...

Nov 19, 2013

 There are still many families in the UK whose assets will be distributed in accordance with the intestacy rules – and all because a deceased member of the family did not prepare a Will.

What…

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UK signs tax agreement with Cayman Islands

Nov 13, 2013

Chancellor George Osborne made the following announcement to MPs on 5 November 2013.

"Today, I can [...] announce another step in the fight against tax evasion. We will be signing this afternoon…

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Prudential wins important tax case

Nov 12, 2013

 The High Court has ruled that HM Revenue & Customs (HMRC) had unfairly taxed ‘several thousand dividends’ between 1990 and 2009. As a direct result thousands of Prudential with-profits investors…

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Pension liberation

Nov 07, 2013

HMRC have made the following comments on their website to counter so-called “pension liberation” activity. Here’s what they have to say on the subject:

“HM Revenue & Customs (HMRC) is committed…

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UK pushing for transparency

Nov 05, 2013

David Cameron made the following statement to the members of the Open Government Partnership annual summit last week.

“We need to know who really owns and controls our companies. Not just…

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When is your home not a home?

Nov 04, 2013

Cast your mind back when Members of Parliament were accused of “flipping” properties to avoid Capital Gains Tax on the sale of a second property?

Theoretically, it should be possible to buy…

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