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CGT Hike Looming?

The Sword of Damocles hanging over UK investors is the continued threat of hikes in capital gains tax (“CGT”) rates. The rates of capital gains tax are currently very competitive, with CGT charges ...

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HMRC issues damning impact statement on the new Health and Social Care taxes

Further to the government’s announcement on 7 September 2021 HMRC have now released their less than positive impact statement on the 1.25% NICs increase.

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Prime Minister announces dividend and NICs tax rate increase

Boris Johnson has today announced a 1.25% health and social care tax across the UK to help the NHS recover from the Covid pandemic. This will initially be collected via a 1.25% rise in National ...

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Is Tax Evasion On The Rise?

A recent freedom of information request shows a slight drop in the number of reports of suspected tax evasion made by members of the public and businesses in the last tax year. Unfortunately, it ...

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Footballers beware!

Football is currently providing rich pickings for HMRC as illustrated by a recent Freedom of Information request.

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You couldn’t make it up!

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Chu-CHUNK!

Some of us remember the first time they scurried along to the dusty stamp office and hesitantly asked a gruff Inland Revenue officer to put wax stamps onto a form and then ran back to the their ...

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Tax - in real time

The publication of the first consultation on the notification of uncertain tax treatments in advance of tax returns may have gone unnoticed by many, but it will have a significant impact on large ...

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A global minimum tax is on its way

In a recent blog we asked the question - is a global minimum tax for very large multinationals just pie in the sky? The answer turned out to be no. It seems that such a tax is on its way and the ...

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A Global Minimum Tax Rate: is this just pie in the sky?

In a recent blog we reported that Amazon had won its fight against an EU judgement forcing it to pay about €250m in back taxes to Luxembourg and suggested that such a setback would lead to renewed ...

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