Here is a brief note of some of the changes announced by the Treasury on 3 December 2014 and a reminder of some other things that will come into force on 5 April 2014.
HMRC have recently changed their guidance in relation to the use of overseas funds as collateral for loans by remittance basis users.
A group representing self-employed taxpayers has called for a full merger of income tax and national insurance contributions and suggested the creation of a new “freelancer limited company” str
IR35 creates uncertainty around contractors’ tax status, according to a survey of AccountingWEB members, with 58% of respondents indicating that clients found determining employment status to b
MPs scrutinising the Taxation of Pensions Bill have invited inter
Further devolution of income taxes to Scotland should be implemented on a step by step basis to avoid problems in implementation and the risk of unintended consequences, the Institute of Charte
Currently where a person owes tax of up to £3,000, the tax may be coded out through the taxpayers PAYE code.
David Cameron has called for a “real debate” about tax-raising powers for Wales after he was challenged during Prime Minister’s Questions to ensure that Wales receives the same level of funding
Further devolution of taxes to Scotland will create more complexity and anti-avoidance legislation will be needed to deal with cross-border issues, tax experts have told MPs.
- Tax tables 2011-12 27,898 9
- Avoiding 50% tax: Cheap loans and EBTs 15,533 15
- Solar Panel - taxable or non-taxable 9,446 5
- Planning for the new tax year 7,654 5
- Directors bleeding companies dry with illegal dividends and loans 6,137 4