Weekly Tax Brief - 2 September 2015

In this edition of RSM’s weekly round-up of the most important tax news, we cover the latest developments…

Charities selling donor data may prejudice tax relief worth billions

02 September 2015

The latest exposé of the alleged abuse of donor data by charities should act as a wake-up call for those who wish to protect the sector’s tax exemptions worth £4.5bn annually

New powers to police National Minimum Wage need urgent review

02 September 2015

The Business Secretary has just announced a package of measures to strengthen compliance with the national minimum wage. In principle these are to be welcomed: employers who exploit poorly paid workers by deliberately paying them less than the legal minimum will get no sympathy from me.

'Suspiciously rich' face having to explain their wealth

02 September 2015

Weekly Tax Brief we have regularly reported on HMRC pressing ahead with an increasingly robust approach to tackling tax evasion and avoidance, including a new ‘strict liability’ criminal offence of hiding taxable income and gains offshore. These new measures form part of the worldwide drift towards wealth and tax transparency and dealing with criminality, not just in financial matters but against corruption more widely.

Tax opportunities in falling share markets?

02 September 2015

Over the last month, share markets worldwide have plummeted, with drops of 9.42 per cent in London, 8.75 per cent in New York, and 12.48 per cent in Frankfurt.

If you look like an employee and act like an employee...

02 September 2015

A government consultation on restricting tax relief on home to work travel for certain workers engaged through an employment intermediary is set to affect many thousands of supermarket workers, warehouse packers and care assistants. It could also force many intermediaries out of business – which is exactly what the government wants.

The wait continues for clarity on the Scottish income tax

02 September 2015

This week, Nicola Sturgeon outlined the SNP’s programme for Government for the year ahead. It promises to be an interesting year with a draft budget, Scottish Fiscal Commission Bill, Scotland 2015 Act and a Scottish Election.