Ideas and insights

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HMRC's colossal liabilities will only get bigger

18 August 2015

The prospect that HMRC might, on a worst-case estimate, have to repay taxes (and presumably interest) of £42bn has emerged from a recent report by the Office for Budget Responsibility. While an official spokesperson from HMRC professes not to recognise the figures, there is every chance that the picture will only get worse.

Last call for the Liechtenstein Disclosure Facility

18 August 2015

Since its inception in September 2009, more than 6,500 people have registered to participate in the Liechtenstein Disclosure Facility (LDF).

Vehicle tax prosecutions up by a third - parallels with personal tax returns?

18 August 2015

The latest statistics from the Ministry of Justice show a 33 per cent rise in court prosecutions for failure to pay vehicle tax – a figure that raises questions about the impact of the decision to abolish paper tax discs.

The problem with tax amnesties

18 August 2015

Amnesties and the like are always controversial. Where they are successful they do bring in significant sums of money with minimal state intervention and they do also bring people into the system – once they are in, it is less likely that they will disappear.

Restaurant chains outstripping pubs in market sales growth

13 August 2015

Expanding casual dining brands are increasingly competing with pubs for out-of-home consumer spending.

Tax Voice - August 2015

12 August 2015

Welcome to this month's edition of Tax Voice, a monthly round-up of the most important tax news.

Corporation tax - what's the future?

12 August 2015

A funny thing happened on 8 July; the Chancellor announced that the UK’s corporation tax rate will fall to 18 per cent by 2020. What is going on?

Dividends are still more tax-efficient

12 August 2015

As an owner-manager, you should be paying yourself a mixture of salary and dividends. Unfortunately, this will soon become more expensive in tax terms.

HMRC publishes 2014-15 annual report

12 August 2015

HMRC has recently published its annual report and accounts for 2014-15. So what insights does this provide into the changes and developments tax payers can expect to encounter in their future dealings with HMRC?

One down, 14 to go - OECD tackles transfer pricing documentation

12 August 2015

With the release of a’ country-by-country reporting implementation package’, UK companies will now start to feel the impact of the BEPS project.