Monthly Archives: February 2013

Indian Tax Revenues Underperform

“Indian gross tax revenue for the first nine months of the current financial year fell significantly short of Finance Ministry targets, in spite of year-on-year growth of 15%” Chidambaram’s budget will be unveiled tomorrow! http://tax-news.com/news/Indian_Tax_Revenues_Underperform____59940.html Eamon McNicholas Tax Barrister, Accountant … Continue reading

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Tax avoidance promoters ‘running rings around HMRC

“New powers for HMRC to fine those who promote schemes that could not ‘reasonably be expected’ to work, also in force in Australia, should be looked at seriously in tandem, the MPs said.” http://www.contractoruk.com/news/0010936tax_avoidance_promoters_running_rings_around_hmrc.html Eamon McNicholas Tax Barrister, Accountant http://www.EamonMcNicholas.com

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Rohan Pershad QC sentenced to three and half years for VAT fraud

“Pershad was found guilty of cheating the public purse earlier this month after “deliberately” not paying a total of £600,000 VAT over a period of 12 years.” Banged to rights! http://www.thelawyer.com/news-and-analysis/practice-areas/litigation/bar-news-and-analysis/rohan-pershad-qc-sentenced-to-three-and-half-years-for-vat-fraud/3001738.article Eamon McNicholas Tax Barrister, Accountant http://www.EamonMcNicholas.com

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VAT on takeover costs not recoverable by holding company, says Court of Appeal

“The European Commission is currently arguing that the VAT rules in the UK, as well as Ireland, the Czech Republic, Denmark, Finland, Sweden and the Netherlands, do not comply with EU law because they allow holding companies to be members … Continue reading

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Maharani Restaurants v Commrs of Customs and Excise

Maharani Restaurants v Commrs of Customs and Excise; QBD, Crown Office List (Turner J) 25 Jan 1999 Someone very recently asked me about this case. It’s a while back but by popular request, here’s a quick summary: http://www.independent.co.uk/arts-entertainment/case-summaries-15-february-1999-1071021.html Eamon McNicholas … Continue reading

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Committee Calls For Common EU Energy Tax System

In the EESC’s opinion, the member states of the EU must “rethink energy taxation” with a view to making it “uniform and smarter across Europe.” It suggested creating a common tax framework which would link the tax rate to the … Continue reading

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Tax May Rise In Scotland On Welfare Costs

“[Professer David Bell of Stirling University] observed that benefits play a vital role in many households, noting that Scotland has lower income, more unskilled working-age people, higher unemployment, and higher proportions of older people, lone parents, and individuals with disabilities. … Continue reading

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