Monthly Archives: January 2015

Tax and the Parties Early Election Campaign Slogans

All the main UK parties are making tax promises in the build-up to the general election in May. The Conservatives have suggested a reform of Inheritance Tax (IHT). Labour wants a mansion tax on London and SE England to pay … Continue reading

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Indian Authorities not Appeal Vodaphone Tax Ruling

Indian authorities have announced they will not appeal the Bombay High Court ruling, in 2014, against them in the long-running tax and transfer pricing dispute with Vodaphone. India has been forthright in pursuing tax claims, some retrospective, against big multinationals. … Continue reading

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Apple Profits, the Double Irish and Double Standards in UK Tax

How little UK tax is paid by US technology companies was in the news again this week when Apple, the US technology giant, posted the biggest corporate profits in global history. It made $18bn profits in the last quarter. Although … Continue reading

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OTS Says Partnerships to be Better Represented at HMRC

The Office for Tax Simplification (OTS) has issued a report saying HMRC should appoint a head of partnership. In its “Review of Partnerships: Final Report”, January 2015, the OTS says HMRC need a more positive engagement with partnerships, which are … Continue reading

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Solicitor Fine by Regulator for Not Disclosing Use of SDLT Tax Avoidance Scheme

The Solicitors Regulation Authority (SRA) has rebuked a solicitor in Gwent for acting for clients using a Stamp Duty Land Tax (SDLT) tax avoidance scheme. It was found, by agreement with the solicitor, that they had not disclosed to lender … Continue reading

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New Scottish Land & Buildings Transaction Tax (LBTT) Rates Announced

The Scottish government has announced new rates for its Land & Buildings Transactions Tax (LBTT), similar to Stamp Duty Land Tax (SDLT). As with the recent changes made to SDLT (ending the old “slab” approach) Scottish SDLT is charged on … Continue reading

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Accounting Discipline by ICAEW – Failure of Quality Assurance and Practice Possibly Ceased

The ICAEW this month made an accounting discipline finding against a West Yorkshire accountant in their 70s for failure of quality assurance. The accountant is, or was, a sole practitioner who failed to respond to quality assurance issues raised with … Continue reading

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