Bespoke - for private clients

NIC-income tax merger: cutting red tape or hiding tax rises?

Monday, August 01, 2011 | Posted by: Dave Jennings
Categories: Business, Employer, Personal | Tags: income tax, Dave Jennings, tax avoidance, NIC, consultation, National Insurance, Office for Tax Simplification, OTS, National Insurance Contributions, PAYE, Tax Investigations, Real Time Information, merger, pensioners

Integrating income tax and National Insurance will reduce the administrative burden on employers and stem the number of mistakes made in administering PAYE, says HM Revenue & Customs. Under a new ‘call for evidence’, you have until September 2011 to agree or disagree. Is this genuine red tape-cutting or a tax-raising agenda?

Continue Reading

High risk tax avoidance schemes to be listed by HMRC

Wednesday, July 13, 2011 | Posted by: Dave Jennings
Categories: Protecting your wealth | Tags: tax, tax planning, Dave Jennings, tax avoidance, consultation, cash flow, benefits, Tax Investigations, avoidance, anti-avoidance, schemes, deferral, high risk

Taxpayers are being encouraged to think twice before entering into listed, aggressive tax avoidance arrangements. But the proposed preventative measures may target some people and hit them with a punitive double charge.

Continue Reading

Clarity on UK tax residence?

Friday, June 17, 2011 | Posted by: Mike Hyland
| Tags: tax, HMRC, consultation, Mike Hyland, residence, non-dom, Gaines-Cooper, UK residency, non-domicile, non-uk residence, UK resident

The Government has today released its consultation on the long awaited statutory definition of residence which they are seeking to introduce from 6 April 2012.

Continue Reading

Changes to non-dom taxation

Friday, June 17, 2011 | Posted by: Sue Knight
Categories: Personal, Protecting your wealth | Tags: tax, HMRC, offshore, Sue Knight, consultation, domicile, non-dom, UK residency, non-domicile, non-UK domicile, remittance, remittance basis, remittance basis charge, UK resident

This could be considered a familiar headline, but once again today, a consultation has been issued by the Government outlining proposed changes to the taxation of non-UK domiciled individuals.

Continue Reading

Why the UK needs a Tax Policy Committee

Friday, January 08, 2010 | Posted by: Richard Jameson
Categories: Protecting your wealth | Tags: Richard Jameson, budget, legislation, tax policy, PBR, consultation, tax manifesto, petition, Monetary Policy Committee, MPC, committee, pre-budget report

The Pre-Budget Report is the second most important date in the tax calendar, second only to the annual Budget. It is often a time when a flurry of draft legislation is announced. In the run-up to a general election, the PBR often heralds the drawing up of battle lines. The danger with this is that political considerations can cloud tax policy. Remember the

Continue Reading