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...The switch puts the final responsibility for paying the right tax on the hirers....
...Earlier this year, Helen Stephenson, head of the Charity Commission, told the Financial Times the regulator was aware of significant declines in the income of smaller charities, many of which have been forced...
...EY’s plan ultimately fell apart last year because of disagreements over how to divide tax partners between the two halves of the business....
...Michal Stelmach, economist at the consultancy KPMG UK, noted that corporation tax receipts were up 19 per cent relative to the previous fiscal year, reflecting the increase in the tax rate from 19 per cent...
...Small UK companies spend a collective £25bn on tax compliance each year, according to the Federation of Small Businesses, whose members are “highly concerned” about service levels at HMRC....
...The ministry stressed that the state’s law enforcement authorities would not back down in prosecuting the tax fraud....
...The UK government borrowed more than expected in March and in the full fiscal year, according to official statistics that will put pressure on the chancellor as he weighs further tax cuts ahead of the next...
...Ireland is expecting bumper corporation tax receipts to deliver an €8.6bn budget surplus this year, giving the government leeway in an expected pre-election budget even as it cautions that the outsized contributions...
...Under UK tax law, shares listed on Aim can be passed to heirs tax free if they have been held for more than two years at the time of death....
...There would be a four-year window during which new arrivals would not pay UK tax on their foreign income and capital gains. Similarly, there would be a 10-year window for inheritance tax....
...However, in the 2024-25 tax year this difference will amount to a maximum of £23.06, or 44p a week....
...The Court of Appeal decision handed down on Thursday is the culmination of a years-long dispute....
...For example, the new four-year tax honeymoon for new arrivals makesthe UK an incredible tax haven for short-stayers but wouldn’t it be better to have incentives and simplifications for long-term residents...
...The rule enabled individuals who live in the UK but with their permanent home overseas to avoid paying UK tax on their foreign income and gains for up to 15 years....
...Last year it was 12 per cent. The previous year, the company set aside nothing at all. Now, rates are rising. Varying global tax rates alter investment returns for US multinational companies....
...been UK tax resident for 10 years....
...A new resident can pay a flat tax of €100,000 a year on any foreign income and assets for up to 15 years. For a successful entrepreneur or high-earning City professional, that is an enticing offer....
...Importantly, you need to have been a member of a registered pension scheme during each of the previous three years to carry this allowance forward to the current tax year....
...And if you went from 15 to 18 per cent, you could raise about $200bn a year....
...Last year, a debt officer from HM Revenue & Customs turned up at his house unexpectedly to ask how he was going to pay the £200,000 the tax office says he owes. Brown doesn’t know....
...the UK tax year runs from April 6 to April 5....
...thereby avoid paying UK tax on their foreign income and capital gains for up to 15 years....
...subsequent years....
...tax on the gift, as the donor had died within the seven-year period....
...While the Conservatives are eager to campaign on a platform of tax reductions, the UK tax burden will be on an upward trajectory in the coming years, according to the Office for Budget Responsibility....
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