Monthly Archives: August 2015

No VAT Mystery About Food – It’s Deceptively Simple

Food of a kind used for human consumption is zero-rated for VAT. That is there is no tax on basic food. There is VAT on treats like confectionery, ice cream, crisps and most drinks (apart from tea, coffee, etc). The … Continue reading

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EU Approves Increased UK Film Tax Relief

The EU has approved the state aid aspect of the UK’s increase to film tax relief. The new level is now broadly 25% for all qualifying productions. Changes were made by section 29 of the Finance Act 2015 to part … Continue reading

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List of Approved Professional Bodies or Associations for Tax Deduction

HMRC have published a list of professional bodies, associations and learned societies which it has approved for tax-deductible fees. But the list, as of June 2015, is only a starting point for showing group(s) a taxpayer might claim tax deduction … Continue reading

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HMRC Tariff Classification Helpline Closes Next Week

From September the HMRC tariff classification helpline will close. From then on requests for help on working out customs duty, i.e. import tax, export refunds and other import export issues have to be done by email. Eamon McNicholas Tax Barrister, … Continue reading

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Labour Leadership Plans Revert to Tax and Waste

The Labour leadership race seems to me to be reverting back to its 1970s core of tax and 1990s waste. Remember tax is only one side of the equation, it is what people get for their money that is just … Continue reading

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An Outside View on Home Rule for England and Tax

Only England out of all the UK nations is denied its own tax raising powers and is not allowed its own Parliament. It just does not seem fair to me, as a tax barrister and Irish, that taxpayers in England … Continue reading

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Income Inequality and Tax Redistribution in UK

The Taxpayers’ Alliance says that before tax and benefits the income ratio between the top and bottom 10% of household by income was 27.4 times. After redistribution through taxes and benefits the ratio dropped to 6.1 times. The top 10% … Continue reading

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