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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
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
Posted in Tax and Accounting News
Tagged borel, hospitality, jacques, rate, reduce, VAT
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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
Posted in Tax and Accounting News
Tagged accountant, advice, complaint, harassment, professional
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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
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
Posted in Tax and Accounting News
Tagged CJEU, company, EU, holding, subsidiary, VAT
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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
Posted in Uncategorized
Tagged challenge, fiscal, george, government, osborne, tax, UK, VAT
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