Monthly Archives: October 2016

EU Imposes Steel Tariffs on China

The EU has provisionally imposed extra trade tariffs on Chinese steel, up to 22.6% on hot-rolled and up to 73.7% for heavy plate steel. The extra import duty and tax is based on EU claims of dumping. Chinese contests this, … Continue reading

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Complaints About Tax Paid by Another Tech Company

The accounts for Uber London Ltd, which uses the taxi app, have attracted criticism for the tax it paid. On turnover of £23.3m tax of just £0.4m was paid by the tech company to HMRC, due to various expenses. Media … Continue reading

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HMRC August Trade Statistics and Brexit

HMRC has published statistics for the August 2016 trade in goods. These show that for August the UK was a net importer in goods with the rest of the EU by £7.7 billion. The USA was the UK’s biggest export … Continue reading

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ICAEW Applying to be Regulator for Tax-Related Legal Services

The ICAEW (Institute of Chartered Accountants in England & Wales) has applied under the Legal Services Act 2007 to be a regulator for tax-related legal services. Eamon McNicholas Tax Barrister, Accountant http://www.EamonMcNicholas.com

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VAT and Brexit

Doom-mongers tried to spin the Referendum campaign with made-up claims of BrexAgeddon, economic meltdown, if people voted to leave. That never happened of course. Post the Brexit vote some spoilers have moved-on to spreading panic about VAT. Wrong again. VAT … Continue reading

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Spirit Drinks and Protected Geographical Indication

HMRC have updated their guidance “Spirit drinks with a protected Geographical Indication”. This covers the producers or marketers within the EU of spirits with a protected geographical location, eg Irish whiskey, or Scotch. Eamon McNicholas Tax Barrister, Accountant http://www.EamonMcNicholas.com

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Skewed Tax on Rented Property Drives up Rents

Reports are coming in that the governments skewed tax increase on some, but not all, buy-to-let landlords has driven up rents for tenants, especially in London. The problem is that the Cameron government denied tax deductions for certain costs for, … Continue reading

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