Monthly Archives: August 2013

Property Tax / Rental Income – Out of Tune

As a tax barrister I was interested to see that a commercial property company owned by a political party (Labour) has not paid any tax since 2003. Despite millions in rental income over the years it somehow made losses. This was partly due … Continue reading

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1.9% Rise in German Tax Revenues

I must say that Angela Merkel, the German Chancellor, has put up a good show by making the German economy the pillar of her 3rd term campaign, with her “solid finances” and “strong economy” slogans, higher income tax revenues, wage … Continue reading

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Off-Shoring not what it used to be!

The British Virgin Islands (BVI) Premier Orlando Smith has said the talks between BVI and US on their compliance with the crack down of offshore tax evasion. From next year US taxpayer will have to provide fuller details of any overseas assets. BVI are one of … Continue reading

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Taxpayers Fund Civil Servants’ Perks

Reports are that Whitehall departments are picking up the tax on perks for civil servants. The benefits provided, such as a chauffeur-driven cars, first class travel, housing etc, are taxable and normally  the employee has to pay the tax due. But Whitehall has … Continue reading

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VAT on Maltese Yacht and Pleasure Boat Hire

The Maltese VAT Department has issued guidelines on the  VAT treatment of leasing or chartering yachts and pleasure boats. To calculate how much of a voyage is taken to be outside Maltese and EU waters, so not subject to VAT, a ready-reckoner is used. The … Continue reading

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VAT Charges Dropped

I see that charges of VAT offences against Mr Richard Tubman, a director of Nuclear & Mechanical Services Ltd, in Workington, have been dropped. His father, Mr Geoffrey Tubman had previously admitted more than 1,000 VAT charges and was ordered … Continue reading

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Tax and Fishing in Scotland

As a tax barrister, tax and boat issues always catch my eye and I hear that HMRC’s joint Operation “Regor” has uncovered a can of tax worms in the fishing industry in North East Scotland which involves  fishing boats and … Continue reading

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The Pot calls the Kettle Black

Cllr Sharon Taylor, chairwoman of the LGA’s finance panel and Labour leader of Stevenage Borough Council in Hertfordshire took a shot at HMRC’s tax collection She grumbled “Local government is the most efficient part of the public sector. Council tax … Continue reading

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Government to Name & Shame Rogue Tax Advisers

The Government published proposals today to name and shame tax advisers whom it believes to be promoting tax schemes which are likely to conceal illegal activity. The proposals also include HMRC having greater powers to collect information at an early … Continue reading

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CASC – Tax Changes Consultation Closed

The Community Amateur Sports Club (CASC) scheme changes consultations are now closed. This scheme provides tax relief and exempts sports clubs from corporation tax and business rates and HMRC estimate business rates exemption is about £100m and there has been some … Continue reading

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