Monthly Archives: October 2013

Indian Grand Prix not Delayed by Tax Dispute

The Indian Supreme Court has postponed a tax challenge to the Indian Formula 1 grand prix motor race until after the race this weekend. A public litigation interest challenge, trying to get the race cancelled, claimed the motor race was … Continue reading

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Energy Taxes

The future of energy taxes has been in the headlines again following more big prices rises by the energy companies. Ex-prime minister Sir John Major this week floated the idea of a special tax levy on energy companies. Now the … Continue reading

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Teach Children About Tax

Its never too early to start teaching children about tax, tax fans. (Thank you for the reminder ST) Eamon McNicholas Tax Barrister, Accountant

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Chinese Tax Revenues up by 9%

News is that Chinese tax revenues were up 9% in the first nine months of this year. This was mainly due to big rises in property tax receipts but VAT and personal tax takes rose too, tax fans. Eamon McNicholas … Continue reading

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Harassment and Mistreatment of Small Businesses

I see reports that “the Forum of Private Business has written to Exchequer Secretary David Gauke to complain about HMRC’s “harassment and mistreatment” of small businesses, which will see fines imposed for even minor infringements. I know several tax barristers … Continue reading

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Europe Consults on VAT and State Sector

The European Commission has launched a consultation on the future of VAT in the State sector and exemptions for public benefit. With increased privatisation across Europe the 1970s-style divide still at the heart of VAT between broadly non-taxed public and … Continue reading

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UK Pays £27.4 Billion for 100 European Regulations

The Open Europe think-tank has produced a list of 100 European rules and regulations which it says costs the UK £27.4 billion a year, more than is raised by council tax. Obviously there are benefits, but measuring these is more … Continue reading

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General Anti-Avoidance Rule Hitting Wrong Target ?

The Institute of Chartered Accounts has published a response, TaxRep 55/13, to HMRC’s August consultation on targeting promoters of dubious tax schemes. The problem is that adding yet another layer of expensive compliance onto already regulated tax advisers will just … Continue reading

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VAT for Clubs and Associations

An updated notice 701/5 Oct/13 has been issued by HMRC this month on VAT for clubs and associations. Always a handy guide for anyone running a member club as the VAT can be complicated sometimes. Changes to note in this … Continue reading

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Rising Tax Take on Rising Energy Bills

The government tax take from energy bills was £1.7 billion last year and is set to rise again on the back of the latest hikes in energy bills. The Treasury points out that under European law the VAT on energy … Continue reading

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