Tag Archives: relief

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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Tax Reliefs Not Being Monitored by HMRC

The Public Accounts Committee of Parliament was shocked this week to learn HMRC had no systematic method for monitoring tax reliefs. This after the National Audit Office has reported over 1,100 separate reliefs worth £100 billion a year. To be … Continue reading

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Tax Relief on Employer Occupational Health Care

With my interest in tax and health care, a New Year reminder that the December autumn statement announced that employer tax relief on employee health care is to be extended. The £500 limit is to be applied to medical treatments … Continue reading

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Vietnam Agrees To Maintain VAT Lower Rates

“..in light of the present difficult conditions for businesses, the National Assembly deputies agreed, temporarily, not to reduce the number of products that enjoy the preferential rate (or those items that are zero-rated), particularly as they are predominantly goods required … Continue reading

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Government to give back VAT from Comic Relief single

“The government announced on Sunday it will donate to Comic Relief an equivalent amount to the VAT raised from sales of One Direction’s single in support of Red Nose Day.” How very sporting of the government. http://uk.news.yahoo.com/government-back-vat-comic-relief-single-122316967.html#t85bs1S Eamon McNicholas Tax … Continue reading

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Marriage Tax Breaks: Cameron Faces Revolt

“It is expected that one member of a married couple or civil partnership would be allowed to transfer £750 of their tax-free personal allowance to their partner, reducing their tax bill. This would be worth around £150 a year to … Continue reading

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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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