As part of its budget submission, the Institute of Chartered Accountants in England & Wales (ICAEW), has called for a greater sense of urgency in government when dealing with UK business needs.
Proposals to link filing of company tax returns with the filing of accounts of those companies at Companies House were floated last November in the form of a consultation document.
There was a clear indication in the Budget 2006 publications that tax motivated incorporation was still an issue for Government. The Red Book included an analysis of the issue at paragraph 5.
As newly released figures show the government lost up to £3bn to carousel fraud in 2005-06, Gordon Brown’s pre-budget report revealed staff solely focused on developing HMRC’s strategy to tackling
No radical changes were announced in the pre-budget report concerning HMRC's powers, penalties and changes to administration, despite some heavy betting that the chancellor would increase SA late f
The chancellor announced that the conditions to be met when giving notice and on joining the regime will be relaxed, to make it easier for newly-established companies to become Real Estate Investme
As predicted, following a decision of the House of Lords in October, the chancellor announced a six year time limitation period for the recovery of direct tax paid by mistake of law.
Gordon Brown attempted to cement his green credentials in his tenth and almost certainly last pre-budget report on Wednesday by announcing a series of measures aimed at benefiting the environment.
As expected, a number of Stamp Duty Land Tax saving schemes were blocked with effect from the PBR statement on 6 December.
The pre-Budget report included a new targeted anti-avoidance rule (TAAR), effective today, to ensure that allowable capital losses are restricted to genuine commercial transactions.