Mondaq UK: Tax
The European Court of Justice recently ruled that VAT on investment management fees paid by the trustees of a UK defined benefit pension scheme is irrecoverable under a VAT exemption for special investment contained in two EU Directives.
In the latest budget, Chancellor George Osborne announced that the corporation tax rate in Britain will be cut by an additional one per cent to 20 per cent by April 2015.
A discussion on the decision to remove child benefit from families with a higher-rate taxpayer.
A discussion on the measures related to the taxation of value in and out of registered pension schemes.
The Patent Box enables companies to apply a lower rate of Corporation Tax to profits earned after 1 April 2013 from its patented inventions and certain other innovations.
A list of discussions summarising the most recent tax related updates.
A discussion on the changes brought by the Finance Bill in relation to the commitments to raise the Inheritance Tax and exempt limit on the value of transfers of assets to a non-UK domiciled spouse or civil partners.
As part of its concerted drive against tax evasion and avoidance, the European Commission has set up the new ‘Platform for Tax Good Governance’.
On 18 April 2013 the UK government issued a legal challenge to the decision of the EU Council of 22 January 2013 which authorised a subset of the EU (not including the UK) to introduce a financial transaction tax.
The UK Chancellor recently presented its 2013 Budget which implemented various new measures to tackle tax avoidance schemes.
HM Revenue & Customs has recently announced that, following a review of its interpretation of the law, it now considers that all sleeping and inactive limited partners will be required to pay class 2 and class 4 national insurance contributions from 6 April 2013.
In March 2012, the Office of Tax Simplification made various recommendations to the Government in relation to the simplification of approved (tax-advantaged) employee share schemes.
The Court of Justice of the European Union has decided that the services of managing pension schemes should be taxable rather than exempt.
The Upper Tribunal has heard an appeal against the favourable First Tier Tribunal decision in British Disabled Flying Association where it had been held that the zero rate applied to lightly adapted aircraft.
The First Tier Tribunal has made an interesting decision in respect of charges made by schools and colleges for activities which are seemingly supplied to parties other than pupils.
In his March 2011 Budget statement the Chancellor of the Exchequer announced consultation on the introduction of a statutory definition of tax residence.
A summary of the main Budget items affecting farmers and landowners.
A discussion on the most important and recent tax updates.
The HMRC has established a task force specifically to look at irregularities with the tax affairs of solicitors and barristers in the London area.
Despite The Times' report of property billionaires soaking up the sun on the Croisette in Cannes, MIPIM this year was cold and wet and it snowed!
Latest Video
Most Popular Recent Articles
On 18 April 2013 the UK government issued a legal challenge to the decision of the EU Council of 22 January 2013 which authorised a subset of the EU (not including the UK) to introduce a financial transaction tax.
In his March 2011 Budget statement the Chancellor of the Exchequer announced consultation on the introduction of a statutory definition of tax residence.
On 11 December 2012, the Government published draft legislation establishing a statutory residence test for individuals coming to and leaving the UK.
UK real estate, particularly prime property in London, has always attracted significant international investment.
Many legal disputes have arisen over whether specific termination payments made to an employee are attributable to salaries tax.
This note outlines some of the issues lenders in the UK primary market need to consider in relation to FATCA.
The UK and Swiss governments have now signed the long awaited Tax Treaty.
The UK Chancellor recently presented its 2013 Budget which implemented various new measures to tackle tax avoidance schemes.
As part of the Hiring Incentives to Restore Employment Act, the US government enacted the Foreign Account Tax Compliance Act ("FATCA") on 18 March 2010.
