Tax voice March 2018

Fallout from the Carillion liquidation

15 March 2018

Construction giant Carillion has gone into liquidation. Its reported 30,000 sub-contractors are likely to receive nothing from the Official Receiver and might now find themselves in financial difficulties. Payments of VAT, payroll taxes and corporation tax must still be made, which can be difficult to fund when an important large customer has failed.

Prove it or lose it - wealth confiscation powers

15 March 2018

Anyone might think that London is awash with ‘dodgy’ money. But is this true? The UK government has not been particularly vocal about the measures it has put in place over the last few years to tackle ill-gotten gains being enjoyed in the UK, but there are many of them.

The Tax Cuts and Jobs Act: Impact on IFRS tax accounting

15 March 2018

Sweeping US tax reforms designed to stimulate the economy and create jobs were signed into law by Donald Trump on 22 December 2017. These reforms are known as the Tax Cuts and Jobs Act (TCJA) and represent the first major overhaul of the US tax system in 30 years.