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
New UK tax efficient route to buy and sell businesses
There are two ways a business may be sold from one group of companies to another – selling the business itself (an assets deal) or selling shares in a subsidiary company running the business (a share sale).
Has your company’s tax rate reduced?
Your company may have suffered reduced benefits because of the small profits rate in the past, but as of April 1st 2011, the new rules may be applicable.
Monthly Tax Idea – April 2011
Matching foreign exchange differences
Changes have been made to the tax regulations which affect how foreign currency differences are taxed.
Enforceability of two anti-avoidance provisions questioned by EU
By making a formal request to the UK Government the European Commission has thrown doubt on two provisions that tax UK residents on income or gains belonging to persons resident elsewhere in the EU.
Managing taxable foreign exchange differences
For accounting periods ending on or after 1 April 2011, it will be possible for UK investment companies to elect to use a currency other than their functional currency for accounting purposes provided certain conditions are met.
Tougher penalties looming for offshore tax evasion
Tougher new penalties will apply to undeclared offshore income and gains for the tax years 2011/12 onwards.