All posts with the topic: tax avoidance

George Osborne’s 2016 Budget contains a surprisingly broad range of new tax measures addressing everything from sporting testimonials to oil fields.  However, the main changes are as follows. Companies Corporation tax will come down to 17% from April 2020. From April 2017, companies will only be able to use carried forward losses against 50% of their profits above … Continue reading Budget 2016 – headline points

Territorial limitations on the scope of UK taxes open up the possibility of tax free property development. At least this is the case for non-UK residents who can arrange matters such that they avoid a permanent establishment in the UK (for example, a site office or show-home) and are resident in a jurisdiction with a … Continue reading Profits from Trading in and Developing UK Land

Notwithstanding consultation criticisms it was confirmed today that the Government will press ahead with plans to reduce tax avoidance benefits. It is proposed that Finance Act 2014 will provide HMRC with powers to require a taxpayer to pay tax upfront where: • the taxpayer has entered into arrangements to obtain a tax advantage (whether or … Continue reading More on tax avoidance

As ever, pages of documents have been published backing up the Chancellor’s Budget speech made earlier today.  We are analysing these and will soon be blogging more in depth analysis but in the meantime here are some headline changes: Corporation tax rate to be 20% from April 2015 – this will match the small profits … Continue reading The headline changes….more to come

Rumours are flying around the City about what George Osborne will say in his budget on Wednesday. His objectives (often conflicting) will be to come up with measures which foster enterprise and innovation and make the UK a more attractive place to do business whilst increasing tax revenues and clamping down on tax avoidance (and … Continue reading Predictions for the Budget 2013

In June 2010, “Tax policy making: a new approach” was published by HMRC and the Treasury. This consultation paper set out the Government’s approach to maximising the prevention of avoidance. Following on from that paper, the Government has proposed a number of measures, and provided further explanation of the four categories of work that it … Continue reading Tackling tax avoidance

In the initial Coalition Agreement of 11 May 2010, the final Coalition Programme released on 20 May 2010 and the Queen’s Speech given on 25 May 2010 (as well as the recent speeches given by George Osborne) a number of initiatives and changes have been proposed by the Government in relation to the tax system, … Continue reading The Coalition Programme – Summary Of Taxation Proposals