How will the GAAR tax rule affect taxpayers?
Photo Credit: Alan Cleaver via Compfight cc Tax: The General Anti Abuse Rule (GAAR) HMRC published its official guidance on 15 April 2013. The GAAR will be effective from later in the year, when...
View ArticleShould you get minimum wage on an internship?
Photo Credit: juhansonin via Compfight cc Most workers in England and Wales of school leaver’s age and above are entitled to receive the National Minimum Wage currently £3.68 for those under 18....
View ArticleHMRC Enquiry Settlements: some flexibility is allowed after all
Photo Credit: Images_of_Money via Compfight cc The High Court held that HMRC’s decision to reach a settlement with Goldman Sachs in relation to outstanding national insurance contributions (NICs) and...
View ArticleThe basic principles of agreeing a settlement of tax enquiries
Photo Credit: Images_of_Money via Compfight cc In 2007, HMRC published the litigation and settlement strategy (LSS), which was revised in July 2011 following some key cases. The LSS sets out the...
View ArticleMartin of Market Harborough: Blogging from the basin
Photo Credit: Xavier Donat via Compfight cc Forgive my lack of originality fellow citizens but Phew, what a scorcher! The wharf has been glorious again 10,000 tons of sand and a Beach Boys CD and its...
View ArticleIs Google’s Tax Criticism Misplaced?
Photo Credit: manfrys via Compfight cc The Public Accounts Committee (PAC) is calling upon HMRC to ‘fully investigate’ Google over the payments it makes to the UK state as corporation tax. The call...
View ArticleGAAR: General Anti-Abuse Rule (Tax) – 17 July 2013
Photo Credit: neilhinchley via Compfight cc The general anti-abuse rule, or GAAR, came into force on 17 July 2013 as the Finance Act 2013 received Royal Assent. The GAAR applies to abusive tax...
View ArticlePersonal Injury Trusts: Preserving entitlement to benefits
Photo Credit: 401(K) 2013 via Compfight cc Personal Injury Trusts are legally binding financial agreements whereby a bank or building society account is opened solely for the purpose of enabling a...
View ArticleRetaining Probate Papers
Photo Credit: Motorito via Compfight cc In the case of married couples or civil partners the executors of the second death can be subject to meeting certain criteria applying to HMRC, to utilise any...
View ArticleDeclaration of Trust for jointly owned rental properties
Photo Credit: ores2k via Compfight cc Did you know? If you own a rental property with your spouse or civil partner but you don’t split the income equally between you both, there is a dedicated tax...
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