Tag Archives: loophole

Budget – Bank Mis-Selling Tax Loophole Closed

A tax loophole used by the banks to make, even more, profit, from mis-selling is to be closed it was announced in the Budget. Currently banks can claim tax relief against the full provisions they set aside for mis-selling. All … Continue reading

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Another US Internet Company in UK Links to Ireland

A US internet company trading in the UK has announced a data processing move to Ireland. The Irish Taoiseach (prime minister) said it was a commercial decision and defended the Irish tax system. But the OECD has been critical of … Continue reading

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Ireland Says it Will Close US Company Tax Loophole

Ireland has said it is to close one of the channelling-things-through-Ireland tax loopholes used by US companies making profits in Europe to avoid paying tax. These things then get re-channelled to a tax haven in another continent, with what is … Continue reading

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Clampdown on cheap DVD and CD VAT loophole hit by EU rules

“The Government has admitted it is struggling to stop firms avoiding VAT by sending goods to customers via Continental Europe because of complex EU regulations.” Well that is a surprise! http://www.dailymail.co.uk/money/news/article-2323370/Clampdown-cheap-DVD-CD-VAT-loophole-hit-EU-rules.html?ITO=1490&ns_mchannel=rss&ns_campaign=1490 Eamon McNicholas Tax Barrister, Accountant EamonMcNicholas.com

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UK Tax Experts Criticize Property Tax Avoidance Measures

The new Annual Residential Property Tax will be introduced from April 2013. Here’s what (some) tax experts have to say: http://www.tax-news.com/news/UK_Tax_Experts_Criticize_Property_Tax_Avoidance_Measures____59414.html Eamon McNicholas Tax Barrister, Accountant http://www.EamonMcNicholas.com

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New tax on offshore internet bookmakers

Here’s another offshore loophole being closed: http://www.eveningnews24.co.uk/news/new_tax_will_preserve_racing_jobs_say_mps_1_1829074 Eamon McNicholas Tax Barrister, Accountant http://www.EamonMcNicholas.com

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Play.com – Low Value Consignment Relief (LVCR)

Another VAT loophole bites the dust. Low Value Consignment Relief (LVCR) is a topic I have been asked about quite a few times recently… Anyway, here is The Guardian’s article: http://www.guardian.co.uk/business/2013/jan/09/play-closes-retail-business-vat-loophole Eamon McNicholas Tax Barrister, Accountant http://www.EamonMcNicholas.com

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