Posts Tagged ‘tax avoidance’
The Panama effect
There is a fine line between legitimate tax planning and tax evasion. In fact, over the last few years it could be said that the line is becoming ever thinner as governmental and public pressure encourage individuals and organisations not simply to obey the letter of the tax law but add a moral layer to…
Read MoreOffshore Payroll Vehicles to be targeted in the Budget
Danny Alexander confirmed that the Coalition Government has “shadowy” offshore middlemen, which cost the UK Treasury around £100 million a year, firmly in their sights.
Read MoreTax Treaties Anti-Avoidance legislation
N.B. On 9 September 2011 the Government announced that in view of concerns raised it has “decided not to proceed further with the consultation on the proposed legislation and will not include it in Finance Bill 2012.” The recent announcement of the agreement between Swiss and UK authorities in respect of taxation on investments held…
Read MoreFurnished Holiday Lettings Rules
The Government has recently published revised proposals for new rules on the taxation of furnished holiday lettings (FHLs). According to the Government’s own figures, approximately 25% of existing FHL businesses will cease to qualify under the proposed new rules. Simon Newsham summarises the Government’s proposals below. What are the existing rules for FHLs? In general,…
Read MoreStamp Duty Land Tax Planning Technique in the Tax Tribunal
HMRC are starting their attack on SDLT avoidance schemes which use sub-sale relief and partnerships. Tax Tribunal decision expected early 2011.
Read MoreInheritance Tax Planning
How to save inheritance tax with sensible tax planning!
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