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Tax consequences of errors in MoJ divorce form
George Bull

22 December 2015

There have been red faces all round at the MoJ following the revelation that there were errors in the online form used to calculate the financial assets of divorcing couples. One major concern is for ‘DIY’ divorcing couples who may, as a result, have to renegotiate their divorce settlements. So what are the tax implications of this embarrassing error?

Weekly Tax Brief - 15 December 2015
George Bull

15 December 2015

In this week’s Tax Brief we look at how low tax rates for companies could result in (even) higher tax bills for some directors and shareholders, and also attempt to explain the ‘offside rule’ of tax repayments. Plus as HMRC’s digital roadmap is published, two of our tax experts take very different views of this important strategy. Well there are two sides to every story…

Heads we win and tails we refuse to lose – the increasing defence of ‘unjust enrichment’
George Bull

15 December 2015

It’s taken four long years, but at last members’ golf clubs may now receive the repayment of VAT they overpaid on visitors green fees. So why has it taken so long? The reason is because HMRC said any repayment may ‘unjustly enrich’ the golf clubs. But the tax man can’t use this defence in all circumstances, and here we explain why…

Policing the tax frontier - family businesses in the firing line?
George Bull

15 December 2015

HMRC has got a predicament on itshands when it comes to policing the boundary between low corporation tax rates, capital gains tax for individuals, and income tax.

HMRC’s digital roadmap – two sides to every story
George Bull

15 December 2015

In a first for Tax Brief, two of our experts go head to head in the debate about the newly-published digital roadmap. Up first, is George Bull with his concerns…

RSM raises concerns that new Patent Box rules could have detrimental effect on UK companies
George Bull

14 December 2015

RSM has raised concerns that proposed changes to the Patent Box regime could have a detrimental effect on companies that develop and exploit intellectual property (IP) in the UK – especially in the hi-tech sector – with a particular impact on small and fledgling companies.

Weekly Tax Brief - 8 December 2015
George Bull

09 December 2015

In this week’s Tax Brief we look at the potentially disastrous implications of recent moves to reduce Parliamentary scrutiny of tax legislation, ask what the future holds for corporation tax, and predict what John Swinney might deliver in the forthcoming Scottish Budget. Plus how the Government could use the VAT system to help victims of Storm Desmond, and how Iggle Piggle met an untimely demise in the name of tax.

Tax legislation needs more scrutiny, not less
George Bull

08 December 2015

Recent moves by the Government to curb the powers of the House of Lords by making greater use of secondary regulations instead of relying on primary legislation could have disastrous implications for the scrutiny of tax legislation.

When is a tax not a tax?
George Bull

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?