Government targets tax evaders
The government’s new Criminal Finances Bill, published yesterday, contains far-reaching proposals to crackdown on corrupt politicians, tax evaders and criminals benefiting from the proceeds of financial crime.
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No rest-bite for property investors
Numerous legislative changes announced over the past year have targeted buy-to-let landlords on all fronts, particularly tax.
VAT Tribunal implications for construction and property developers
Do you operate in the construction or property development sector or have clients that do? If your answer is yes you’ll be interested in the outcome of a recent VAT Tribunal case.
Airports bow to customer VAT pressure
To address concerns over how airport retailers are applying VAT to customer purchases the Airport Operators Association (AOA) and the UK Travel Retail Forum (UKTRF) have launched a Code of Practice to ensure greater transparency on how customers benefit from the VAT relief concession provided.
VAT and wedding venues
A Tax Tribunal VAT-related decision this summer has wide-reaching implications for other wedding venues.
Derbyshire man’s smuggling plans go up in smoke
HM Revenue and Customs (HMRC) is continuing its battle to stop the illegal smuggling of cigarettes which evades payment of excise duty and VAT and has been successful with another prosecution.
Thirty-one East Midlands family businesses through to Awards’ finals
Bedrock is the sponsor of the Best Small Family Business category for the 2016 Family Business Awards organised annually by the Wilson Organisation.
Clients with offshore investments and trusts
Over recent weeks HMRC has made a number of announcements connected to tax planning arrangements which clearly signal the government’s intention to ‘nudge’ people away from putting in place new arrangements and encouraging those with Employee Benefit Trusts (EBTs) specifically towards settlement.
Offshore disclosure facilities
It’s perfectly legal to hold investments overseas as long as you declare all taxable income and gains on your UK tax return.
Accountants set to be fined for tax avoidance schemes
Previously HMRC has targeted businesses and individuals using tax avoidance schemes to reduce the amount of tax they pay. Now HMRC is firmly setting its sights on accountants and tax advisers who design, market or facilitate the use of such schemes.