27 October 2016
Figures released today by HMRC show that the capital gains tax take increased to £6.9bn for the 2014/15 tax year compared to £5.5bn for 2013/14, a 24.6 per cent increase.
13 September 2016
Recent statements by the Chancellor of the Exchequer Philip Hammond suggest a willingness to overturn some of the piecemeal changes put forward by his predecessor and to take a broader view of the UK fiscal system. So what can we expect at the Autumn Statement? We suggest five areas that the Chancellor may wish to tackle.
01 June 2016
HMRC’s latest single departmental plan has just been updated, and announces (amongst other things) plans to invest in tackling tax evasion and non-compliance, improve customer services and increase prosecutions. However, a new commitment to tackle ‘tax planning’ marks a sea-change in HMRC’s approach…
04 April 2016
In this week’s tax brief we look at how the documents leaked from Panamanian law firm Mossack Fonseca could be bigger than WikiLeaks, and what HMRC’s response might be to the growing furore. Also, with the threat of further leaks to come, what to do if you’re worried that your name might be in the Panama Papers.
01 December 2015
While the design of the UK tax system should reflect the needs of society, increasingly the more ‘traditional’ taxes are being joined by the new pretenders – the carrier bag ‘tax’ and the sugar ‘tax’ to name but two. But is it really helpful to lump all of these together and what are the implications for HMRC?
01 July 2015
When the Chancellor makes his Budget speech on 8 July, what can we expect in terms of tax announcements and how could these affect individuals and businesses?