Monthly Archives: April 2013

Ed Miliband admits VAT plans will require short-term rise in borrowing

“Monday’s [Ed Miliband] interview on BBC Radio 4’s The World at One received excoriating criticism, not just from the Daily Mail, but also from leftwing commentators such as the New Statesman and Labour list and Peter Kellner, the respected YouGov … Continue reading

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VAT cut ‘would create employment’

“Hundreds of thousands of jobs could be created if VAT was cut by 5%, according to a report by pub, restaurant and hotel firms.” “Jacques Borel, a French entrepreneur who has successfully campaigned for VAT reduction in hospitality across Europe, … Continue reading

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ICAEW Professional Complaints

If you are an accountant and you have a professional complaint against you, it is important to plan your strategy for dealing with the complaint and, preferably , to get legal advice quickly, before entering into detailed correspondence about the … Continue reading

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Tax avoidance scheme users turn on promoters

“A spate of professional negligence claims have been launched by individuals who took part in tax avoidance schemes between 2005 and 2007, according to a City law firm.” This comes as no surprise. I have seen some very poor tax … Continue reading

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HMRC can group non-taxable holding companies with their subsidiaries for VAT purposes, CJEU confirms

“HM Revenue and Customs (HMRC) does not break EU laws when it groups holding companies with their taxable subsidiaries for VAT purposes, according to the Court of Justice of the European Union (CJEU).” Sensible! http://www.out-law.com/en/articles/2013/april/hmrc-can-group-non-taxable-holding-companies-with-their-subsidiaries-for-vat-purposes-cjeu-confirms/ Eamon McNicholas Tax Barrister, Accountant … Continue reading

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TV Cameras To Be In Use In Courts By Autumn

“Sky News understands that the first cases at the Court of Appeal will be televised from October.” We’re all in show business now. http://uk.news.yahoo.com/tv-cameras-allowed-court-162837509.html#2gshCJF Eamon McNicholas Tax Barrister, Accountant EamonMcNicholas.com

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Britain launches legal challenge to EU finance tax

“The British government has launched a legal challenge against plans for a European financial transactions tax to be adopted by 11 EU states, finance minister George Osborne said Friday.” UK challenge to financial transaction tax – yes, that’s going to … Continue reading

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HMRC to put brakes on £110m VAT car crime

“Sally Beggs, deputy director for VAT fraud at HMRC, said: ‘Criminal gangs abused the old system in the past by bringing vehicles into the UK and registering them with the DVLA without accounting for VAT. That stops [15th April 2013]. … Continue reading

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Revised guidance for trade or property businesses

“HMRC is publishing draft revised guidance on what is a repair for direct tax purposes to replace the guidance currently in the Business Income Manual at BIM46900 onwards and that in the Property Income Manual at PIM2020, see Revenue & … Continue reading

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HMRC urges firms to register for VAT online

“New businesses in Kirklees which have to register for VAT have been urged to do so online rather than filling in paper forms.” For everyone else paper forms are wholly acceptable. http://www.examiner.co.uk/business/business-news/kirklees-business-news/2013/04/16/hmrc-urges-firms-to-register-for-vat-online-86081-33178688/ Eamon McNicholas Tax Barrister, Accountant EamonMcNicholas.com

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