Tag Archives: government

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

Posted in Tax and Accounting News | Tagged , , , , , , , , | Leave a comment

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

Posted in Tax and Accounting News | Tagged , , , , , , , , , | Leave a comment

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

Posted in Tax and Accounting News | Tagged , , , , , , | Leave a comment

Why UK Government Taxes Bedrooms Not Multi-Nationals

A furore about yet another US multi-national virtually no UK tax despite massive UK turnover, and so one might expect profits, caught my eye as a tax barrister. The US multi-national points out, and quite rightly, that it pays taxes … Continue reading

Posted in Tax and Accounting News | Tagged , , , , , , | Leave a comment

UK Schemes Add 10% Plus VAT to Energy Bills

The UK energy minister was forced this week to admit government schemes added “just under” 10% to energy bills on top of VAT. The revelation came in a television debate about the latest above-inflation price rise by an energy company. … Continue reading

Posted in Tax and Accounting News | Tagged , , , , , | Leave a comment

Complex HMRC Telephone Helplines

HMRC’s telephone helplines are notoriously complex to work through. With so many options and time left holding on, the costs can quickly rack-up. Despite past criticism by Parliament, the bugs are still there. Just this week the problem was highlighted … Continue reading

Posted in Tax and Accounting News | Tagged , , , , , | Leave a comment

Plastic Bag Tax

The Government intends to introduce a 5p plastic bag tax in England. The proposal is to introduce it from 2015 and apply only to larger shops. An interesting claim, tax fans, is that the proceeds will go to charity. But … Continue reading

Posted in Tax and Accounting News | Tagged , , , | Leave a comment