Ideas and insights

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Fraud: whose responsibility is it anyway?
Elisabeth Storey

20 May 2016

To ensure that the appropriate systems and controls are in place to detect and prevent fraud, trustees firstly need to recognise where this responsibility lies.

Pub groups see sales fall as eating-out market slows in April

19 May 2016

Britain’s eating and drinking-out market continued to slow-down in April, according to latest figures from the Coffer Peach Business Tracker.

Big data, big ideas
Mike Thornton

19 May 2016

As every aspect of our life now involves interaction with digital technology, we leave an ever increasing exhaust of data in our wake.

Hot topics in employment tax webinar
Graham Farquhar

Listen to our employment hot topics webinar where we take a look at the latest employment tax updates that can affect you and your employees.

Tax policies bring new turbulence to the housing market

17 May 2016

A report by Rightmove this week has revealed the impact on first-time buyers of the rush by landlords to purchase buy-to-let properties ahead of the introduction of the new stamp duty surcharge. But with further tax changes for landlords on the way, the market could be bumpy for some time.

Tax havens: drive to name and shame may push innocent to the dark side

17 May 2016

Contrary to much we’ve heard in the last week, not everyone who uses a 'tax haven structure' does so to evade tax or to conceal the proceeds of crime - as a recent court ruling has recognised. While the temptation to name and shame may be great, the irresponsible use of publicly available information risks driving both the guilty and the innocent to the dark side.

Another confusing simplification!

17 May 2016

With the introduction of the Personal Savings Allowance taxpayers could be forgiven for assuming that interest on their bank accounts would in future be tax-free. Sadly that may not always be the case.

Weekly tax brief - 17 May 2016

17 May 2016

In this week’s tax brief, we consider whether naming and shaming those who use tax havens risks driving the innocent to the dark side. We ask whether HMRC’s new disclosure facility will include a carrot as well as a stick, discuss the tax policies causing turbulence in the housing market and examine the latest moves to limit the relief that corporates can claim for interest deductions. Plus, is the new Personal Savings Allowance really as simple as we’re led to believe? All this and more in tax brief.

The chancellor whacks the interest mole

17 May 2016

The chancellor continues with his game of 'whack a mole' trying to tackle tax avoidance as Panama papers, British Dependency headlines and anti-corruption summits spring up to remind him that this is a major public interest and political issue. One of Mr Osborne’s initiatives is to introduce a rule limiting the amount of relief that corporates can claim for interest deductions. The rule is, theoretically at least, a straightforward formula-based test but the consultation launched last Friday reminds us that nothing is ever simple where UK tax is concerned.

Will the new disclosure facility be all stick or will there be room for a miniature carrot?

17 May 2016

Criticisms of the Liechtenstein Disclosure Facility by a judge in a recent court ruling have increased pressure on HMRC to ensure that a hard line is taken in any future disclosure opportunities. As the new disclosure opportunity is imminent, will it be all 'stick' or will there be room for at least a miniature carrot?