income tax | AccountingWEB

income tax

A summary of some of the changes announced by the Chancellor of the Exchequer in the 2016 Budget, published on 16 March 2016.

Income Tax


As you will have likely heard in the press recently, a leak of confidential documents from Panamanian law firm Mossack Fonseca has brought fresh attention to offshore tax evasion through the use of

We recently highlighted the importance of ensuring HMRC have taken the right steps in terms of the use of their powers – see

I thought you may be interested in this story I found on MSN regarding IR35: Budget to close tax loophole which disguises employees as freelancers:  h

From April 2016 the rules on reporting of expenses and benefits are due to be reformed.

Life insurance providers disagree over tax rules for critical illness insurance policies.  


Introducing a Scottish Rate of Income Tax may cost £35m, the 


HMRC have recently purchased advertising pointing out that offshore income and gains may be taxable in the UK. This is true.

Client has company A which is an established trading company with significant value and company B which is newly incorporated.  Both are in a similar industry.


The complexities of Double Taxation loom gain in our multinational global economy.