Monthly Archives: February 2013

Scrap VAT on home improvements, says Travis boss as he urges radical moves to revive the economy

“[The statement]came as the group hiked its annual dividend by 25 per cent to 25p after posting a 16 per cent rise in pre-tax profits to £313million.” Glad the economy is the main thing on their mind. http://www.dailymail.co.uk/money/news/article-2282105/Scrap-VAT-home-improvements-says-Travis-Perkins-boss-Geoff-Cooper.html?ITO=1490&ns_mchannel=rss&ns_campaign=1490 Eamon McNicholas … Continue reading

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Now taxman’s errors are YOUR FAULT: HMRC moves goalposts so it is up to taxpayers to spot mistakes

“The new rules make taxpayers themselves directly responsible for checking their code is correct and spotting mistakes. If they fail to do this, their appeal will not be upheld.” Seems a tad harsh. http://wwwTax bosses want to overhaul a special … Continue reading

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Tax dodgers ‘should be named and shamed’, say MPs

“Australia has also introduced powers to fine those who promote schemes that could not be reasonably expected to work or comply with the advance ruling system, We encourage HMRC to look seriously at whether these and other measures could be … Continue reading

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Government to give back VAT from Comic Relief single

“The government announced on Sunday it will donate to Comic Relief an equivalent amount to the VAT raised from sales of One Direction’s single in support of Red Nose Day.” How very sporting of the government. http://uk.news.yahoo.com/government-back-vat-comic-relief-single-122316967.html#t85bs1S Eamon McNicholas Tax … Continue reading

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The return of the pasty tax: Greggs to put VAT on hot snacks after complaints about food being cooled down to avoid levy

“Feedback from customers on Greggs’ Facebook page shows many customers are unhappy if they are served lukewarm or cold savouries which they thought would be hot.” I fully agree! But I won’t be harassing Gregg’s. http://www.dailymail.co.uk/news/article-2280447/The-return-pasty-tax-Greggs-VAT-snacks-complaints-food-cooled-avoid-levy.html?ITO=1490&ns_mchannel=rss&ns_campaign=1490 Eamon McNicholas Tax Barrister, … Continue reading

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Facebook pays NO tax in 2012 and even gets tax refund of $429m despite $1BN profits

“The refunds reportedly come from tax deductions on executive stock options and share awards.” And some mighty stock options they must be! http://www.dailymail.co.uk/news/article-2279701/Facebook-pay-tax-2012-tax-refund-429MILLION-despite-1BILLION-profits.html?ITO=1490&ns_mchannel=rss&ns_campaign=1490 Eamon McNicholas Tax Barrister, Accountant http://www.EamonMcNicholas.com

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IoM Outlines Incoming VAT Rules On Imported Cars

“…from April 15, 2013, any vehicle (new or used) that is imported into the Isle of Man and United Kingdom, whether from an EU member state or elsewhere, must be notified to the customs authority and any value-added tax (VAT) … Continue reading

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