0897 099 890

Posts Tagged ‘tax news’

Beware the one year window

With the deadline for submitting self assessment tax returns rapidly approaching, we have had a timely reminder of the importance of submitting returns on time. Those wanting to submit a paper return had until last October to do so, leaving on line filing as the only option now open. HMRC will issue a £100 fine…

Read More

EU Threatens Swiss deal

At the end of August we reported on the historic Swiss-UK tax deal which was designed to put an end to tax evasion via Swiss investments whilst maintaining the cherished secrecy of such accounts. This deal was structured to include a one-off payment from Swiss banks to the UK followed by a regular collection of…

Read More

The Autumn Statement

The Chancellor ‘s Autumn Statement was, as expected, a fairly gloomy affair. Whilst observers were pleased to see the Office for Budget Responsibility still predicting growth (even if just 0.7%) next year; the depth to which we are dependant on Europe and the rest of the world was brought home in no uncertain terms. From…

Read More

HMRC targets those with homes overseas

The days when overseas property and investments were largely invisible to the UK tax authorities are well behind us. International treaties together with the availability of computerised records mean that HMRC are able to access vast amounts of information about our affairs across the globe. One of HMRC’s latest targets relates to overseas homes. Initially…

Read More

VAT and Compound Interest

Those dealing with straightforward VAT input and output calculations may not be aware of the complexities of VAT when it comes to international transactions or the extent to which the European Court of Justice (ECJ) has an influence on more complex VAT questions. In fact there are numerous occasions on which the UK tax tribunals…

Read More

VAT and Salary Sacrifice

The decision by the ECJ in the case of Astra Zeneca UK Limited v HMRC has had wide ranging implications for all businesses which offer employees benefits in return for salary sacrifices. The case revolved around the supply by Astra Zeneca to its employees of high street vouchers in return for a salary sacrifice. Prior…

Read More