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Archive | May, 2012

HMRC qualifies who is Scottish for income tax purposes

HMRC has now published a technical note detailing the way it will deal with Income Tax in Scotland after the Scotland Bill received Royal Assent earlier this year.

Tax rates are creeping up across the EU member states

It will probably come as no surprise to learn that taxation rates are edging up in EU member states. Official data from the EU shows that VAT rates are increasing as are corporate and high earner’s personal income tax rates.

13,769 takers for the NIC holiday; a far cry from the anticipated 400,000!

Small businesses are still turning their backs on the government’s National Insurance Holiday scheme, according to a recent report in the Daily Telegraph.

Are UK accountants under pressure to behave unethically?

A new study from the CIMA and the American Institute of CPAs suggests that finance professionals are being pressurized to act unethically.

Will child benefit changes lead to more tax avoidance?

Accountants have said that the government’s proposed changes to child benefit regulations are seriously flawed and could turn out to be an operational disaster.

UK CFOs more pessimistic than their global counterparts

Chief Finance Officers in the UK are decidedly downbeat about the UK’s economic prospects for the remainder of this year, according to the latest global research.

How can the government plug a £13 billion black hole?

Accountants and other drivers could soon find their motoring activities taxed in a different way if the government listens to proposals from the RAC.

Accountants angered by P35 reminder letters

Accountants have been voicing their displeasure after receiving letters from HMRC reminding them to file P35s for their clients even though this has already been done through the online system.

Hampshire plumber receives suspended sentence for tax evasion

A plumber from Hampshire was recently given a four-month jail sentence, suspended for 12 months, after Southampton Crown Court found him guilty of tax evasion.

Panorama exposes tax avoidance scandal

A BBC Panorama program aired earlier this week has fuelled the tax haven debate again.