Summer Budget 2015 – Finance Bill receives Royal Assent

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Nov 232015
 

What a long gestation period. On Thursday 18 November 2015, the second Finance Bill of the year finally received Royal Assent. You can find the legislation at this page.

In two days time we have another Autumn Statement to look forward to. Splendid. More paper to be printed out. And don’t forget that the following week they publish the draft legislation. Even more paper.

So, who’s betting that a number of provisions from our Summer Budget – which have just reached the statute books – are going to be drastically amended or abolished in two days time?

Don’t believe me? Remember ITA 2007 anyone? Passed just before Budget 2007, and within weeks they were making amendments to the partnership rules…

Autumn Statement 2015 – to be held on Wednesday 25 November 2015. Hooray.

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Sep 092015
 

Can you believe it? We’ve just had an unnecessary Summer Budget (emergency my….) and now we’re told that we have a nice Autumn Statement to look forward to.

At least this time the announcement comes from an official source, the GOV.UK pages, rather than from the BBC, as was the case with the July Budget.

No doubt we will be hearing all sorts of predictions from the tax and non-tax pundits. Who knows, maybe they’ll finally get rid of entrepreneurs’ relief as was predicted last time…

Summer Budget 2015 – where to find the documents

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Jul 072015
 

Remember we have a Budget tomorrow? Well, this is where you can find the documents. And you can also find a special Summer Budget 2015 page at Tax Notes.

What fun this is going to be. Everyone else will be enjoying the tennis, while we hard working, dedicated tax people will be spending the day staring at that GOV.UK page.

Tax Notes Update – Why you should read the tax legislation (and other news)

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May 212015
 

My article on the new rules for VCTs – Venture Capital Trusts – have they become riskier? – has been published by online magazine Which Investment Trust. Hooray!

It always gives me special pleasure to see one of my articles published by someone else, rather than just on my own site. It means that someone else actually likes my articles enough to consider them worth publishing!

And I must say at this point that it is a real pleasure also to be working with Dice McCairn, the editor of Which Investment Trust. Dice contacted me via the Tax Notes Contact page and suggested I contribute to his site. I have found him to be very professional and efficient, always returning my emails promptly – a real Godsend compared to some of the editors I have worked with in the past. Continue reading »

Second Budget on 8 July 2015 following Conservative General Election Victory

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May 162015
 

Oh goody. That’s just what we need. I was dreading the prospect of an emergency Budget which has become a habit following the last few general elections. No sooner have we digested one Budget and got used to the new rules, we’re faced with another, just because a new government wants to put its stamp on the economy as soon as they’ve got into power.

But, the BBC has reported that George Osborne wants another piece of prime time TV, so that’s the way it must be.  (This is the official confirmation from the awful GOV.UK site, my thanks to Rebecca Cave for pointing it out to me on twitter).  Continue reading »

Jan 042015
 

I would like to take the opportunity of the first post of 2015 to wish my readers a Happy New Year and a big thank you for your support in reading the articles on this site.

In particular I would like to say a special thank you to Alain Thielemans and Malgorzata Gergelewicz, co-founders of International Tax Plaza, for their strong support over the last year. Alain, Malgorzata and I met via linkedin and our friendship started when Alain wrote to me to say how much they enjoyed reading my articles. Continue reading »

HMRC Consultation Paper – Withdrawal of Extra Statutory Concessions

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Oct 022014
 

No need to panic. It isn’t all of them, just three.

HMRC “would like to gather evidence from those who have relevant data about the potential impact of withdrawing the following three ESCs”:

The Consultation Paper can be found here, together with details of how to respond. The consultation period ends on 8 January 2015 at 11:45 pm (is anyone going to be in the building to sign for a registered delivery at that time?)

International Tax Plaza – the website for foreign tax experts

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Sep 222014
 

International Tax Plaza is the “go-to” site for anyone interested in international tax. It is useful for both students and practitioners alike, and is an ideal starting place for anyone who needs to research a problem with a foreign element. Continue reading »

Sep 192014
 

HMRC has a useful page which lists all the links to the various online tools available to calculate your tax liability.

The list is very comprehensive, including income tax, PAYE and national insurance contributions, company car and fuel benefit, a corporation tax reference checker, inheritance tax, pensions, VAT and SDLT calculators.

 If you click on a link, the site will take you to the relevant online tool. Very useful indeed.