Tax planning

Tax / Businesses need urgent clarity on IR35 private sector off-payroll rules

With six months to go until IR35 off-payroll rules for contractors are extended to the private sector, HMRC is coming under fire over the lack of detailed information about liabilities about employment status

Tax / Tax data: CGT data, HMRC rates of interest - Oct 2019

Download the current HMRC CGT indexation allowance unchanged since December 2017, RPI index for August 2019, HMRC rates of interest, and property tax rates including SDLT, Scottish LBTT and Welsh LTT

Tax / Lack of understanding about tax spurs call for education

Accountancy professionals are calling for more education about tax, after research suggested most of the general public do not understand personal tax affairs, with young people in particular having only a very limited grasp of basic principles

Tax / Corporate trade and asset sales: intangibles – part 2

Croner-i tax writer Paul Davies FCA CTA examines the tax consequences of the disposal of asset types, including intangible fixed assets and capital allowance assets

Tax / Starbucks wins €30m case over disputed Dutch tax bill

Starbucks has won a long-running tax case against the European Commission over accusations that it subverted state aid rules to reduce its tax bill in the Netherlands

Tax / Amendments to rules on ‘UK property rich’ collective investment vehicles

HMRC is consulting on draft amendments to legislation about the taxation of UK property rich collective investment vehicles and their investors, which are designed to ensure the new rules work as intended

Tax / US regulator slams Prudential over $200m tax reorganisation

Two US subsidiaries of financial services giant Prudential Financial have been censured by the US Securities and Exchange Commission (SEC) for failing to disclose conflicts of interest and making misleading disclosures, after they were reorganised so that Prudential received over $200m (£160m) in tax benefits to the detriment of funds they advised

Tax / NZ move highlights cryptocurrency PAYE risks

In a first for a global tax authority, New Zealand has clarified the guidance for companies who pay staff in cryptocurrency and need to complete tax returns. Peter Stewart, associate at Cooke, Young & Keidan assesses the risks and compliance issues

Tax / Nunn: do nudge taxes really work?

Yvette Nunn CTA asks whether the government’s efforts to change behaviour by putting taxes on everything from plastic bags to diesel vehicles, not to mention the apprenticeship levy on businesses, are an effective way of altering taxpayers’ mindsets

Tax / Q&A: hire purchase contract and capital allowances

In our regular Q&A series from Croner Taxwise, Alexander McCarthy explains when a claimed capital allowance is allowable in the event that a hire purchase agreement on a car has not been paid off

Tax / EU to investigate 39 multinationals over profit shifting tax deals

The European Commission has launched in-depth investigations into dozens of multinationals which had negotiated special tax deals with Belgian authorities to slash their tax bills

Tax / UK high earners stung for more tax than European counterparts

The UK has lost the top spot as one of Europe’s low-tax jurisdictions, with top earners now paying 3% more tax than the European average

Tax / Google hit with €1bn French tax payment

The French government is claiming a ‘historic’ victory in a long running tax battle with Google, after reaching a €945m (£845m) settlement with the tech giant over tax fraud allegations

Tax / Art treasures worth £58m used to settle tax

A 17th-century manor house and a Damien Hirst bronze sculpture were among cultural items accepted by the nation in exchange for tax breaks last year, with the total of £58.6m in tax settlements the highest ever

Tax / ‘Phantom’ FDI tops $15 trillion

Almost 40% of global foreign direct investment (FDI), totalling some $15trn, is so-called ‘phantom’ capital intended to minimise a company’s tax liabilities rather than finance productive activity, according to research by the IMF and the University of Copenhagen
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