Politics

Tax / Mazars ordered to hand over Trump accounting records

Following a federal court ruling, Mazars US has been given seven days to provide President Donald Trump’s accounting records to a Congressional committee which is investigating his business dealings

Tax / Proposed property anti money laundering rules too weak

Loopholes in proposed legislation designed to prevent money laundering through the UK property market need to be addressed if it is to be fully effective, a joint select committee has warned

Tax / Scotland drops plan to slash air departure tax

The Scottish government has made a u-turn on plans to cut the rate of tax on air travel with the introduction of an air departure tax (ADT) in Scotland, which would replace UK wide air passenger duty (APD)

Tax / Treasury commits to keeping cash and coins

The Treasury has confirmed the government’s commitment to safeguarding cash as a method of payment, and is to launch a new group with regulators and the Bank of England to set strategy and co-ordinate work to ensure nationwide access continues

Tax / ‘Capricious’ inheritance tax regime needs urgent reform

The triple lock for the state pension should be removed, better-off workers over state pension age should pay National Insurance contributions (NICs) while they continue to work, and the ‘capricious’ inheritance tax (IHT) regime must be overhauled, says House of Lords committee

Tax / Scotland’s air departure tax plans delayed

The Scottish government has announced further delays to its flagship plans to introduce an air departure tax (ADT) in Scotland, which would replace UK wide air passenger duty (APD) and offer a 50% reduction on the UK rate, to the fury of local airport operators

Tax / US Congress moves to ban free tax filing software

US lawmakers are planning to pass a bill to prevent the Internal Revenue Service (IRS) from developing a free electronic tax filing system to help US taxpayers file digitally

Tax / HMRC head challenged over loan charge ‘misinformation’

An all-party group of MPs has written an open letter to the head of HMRC challenging him about what they dub ‘clear misinformation’ in statements made by HMRC, and then repeated by the Treasury, about the 2019 loan charge, which is set to come into effect at the end of this week amid considerable controversy, reports Pat Sweet

Tax / Bull: what does a change of government mean for tax?

With Parliament fractured over Brexit, a general election and a potential change in government could follow. George Bull, senior tax partner at RSM considers the possible tax changes under a Jeremy Corbyn government

Tax / Labour in favour of fuel duty hike

A future Labour government is set to increase fuel duty and airline passenger duty – both of which have been frozen for several years – as part of a bid to redesign the transport system and respond to concerns around climate change, the party’s shadow transport secretary has indicated

Tax / MPs want creative tax relief extended to urban and grime music

MPs are calling on the government to extend the tax relief already given for orchestra performances to other forms of music production such as urban music and grime, in a bid to slow closures of venues and support live music

Tax / Call for 1p levy on fast fashion retailers

MPs are calling for a 1p producer responsibility charge for fashion retailers and say taxation should also be reformed to reward companies that offer clothing repairs and reduce the environmental footprint of their products

Tax / £47m support for developing countries to improve tax systems

The government is to offer developing countries a £47m package of support aimed at improving tax systems in a move aimed at helping end their reliance on aid, the Department for International Development (DFID) has announced

Tax / Corbyn urges politicians to follow his lead on tax return release

Labour party leader Jeremy Corbyn has published his 2017/18 tax return and is calling for other leading politicians to follow his example and release details of their earnings and tax payments

Tax / HMRC simplifies customs procedures for no deal Brexit

HMRC has announced simplified procedures for businesses importing from the EU, as part of its no deal Brexit preparations in the event of the UK leaving without a withdrawal agreement on 29 March
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