Tax News

Mazars tax news covers everything tax related in the UK from, VAT to the latest HMRC rulings.

Find monthly updates on taxation in the UK, or search through the archive of our news. For the most up to date tax news and opinions on taxation in the UK, follow our Let's Talk Tax blog:

Let's Talk Tax

Extension of DOTAS Hallmarks goes ahead, with changes

The Disclosure of Tax Avoidance Regime (DOTAS) has undergone some notable transformations during its lifetime, starting from being an ‘early warning system’ of tax planning for HMRC to now being a central plank of the Government’s attempts to shut down the tax avoidance industry.

Changes to the taxation of distributions on a winding up

The changes to the taxation of dividends from 6 April 2016 will see the differential between the rate of income tax on a distribution (up to 38.1%) and that of capital gains tax (as low as 10%, where entrepreneurs’ relief is available) at its greatest in recent years.

Finance Bill 2016 - highlights

On 9 December 2015 the draft Finance Bill 2016 was published, and is open for consultation until 3 February 2016. However, we are still awaiting further draft clauses to appear in the New Year, such as on the apprenticeship levy and the stamp duty land tax 3% surcharge for buy-to-let and second properties.

VAT updates

Vinny McCullagh, our Indirect Tax Partner provides regular updates on current hot topics in the world of VAT from our expert team. We focus on useful and commercial indirect tax issues, with content driven by current developments.

Autumn Statement 2015 - Chancellor banks on growth to avoid tax credit cuts

For anyone focussing on tax changes, the majority of the 2015 Autumn Statement amounted to a long preamble in the form of the now customary summary of statistics on growth, both past and expected. Significantly, the Chancellor was able to avoid making any cuts to tax credits, which will be welcomed by many. However, what was less clear is how this and other measures mentioned will be paid for.