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
The Fair Tax Mark debate
The public demand for greater transparency on how, when and where businesses pay tax is arguably one of the most critical issues facing tax professionals and their clients today.
Partnerships and LLPs Targeted in Finance Bill
Some members of partnerships and LLPs will face increased tax bills. This year’s draft Finance Bill targets both ‘disguised employment’ in LLPs, and arrangements in mixed partnerships taking advantage of the lower corporate tax rate.
Preserving company’s tax losses on change of ownership
Employment through offshore intermediaries
Changes to the offshore intermediaries rules will clearly identify who is responsible for PAYE, NIC and Real-time Information (RTI) reports. Additional reports will be required to cover cases not included in RTI.
Inheritance tax: simplifying charges on trusts
Changes announced in the draft Finance Bill clauses published on 10 December 2013 go some way to achieving the simplification of trust IHT charges but there are more changes to follow.
Unapproved employee share schemes simplified
Taxes on employment-related securities (ERS) under unapproved schemes will be simplified in stages in 2014/15.
New reliefs for employee-ownership trusts
Employee-ownership trusts (EOTs), broadly trusts that own at least a simple majority of a company’s shares for the benefit of all its employees, are even more attractive as a result of new tax reliefs introduced in 2014/15.
Selling your old home? Beware, reduced CGT relief!
The final period of ownership for which principal private residence (PPR) relief applies automatically to a dwelling previously occupied as PPR will be reduced from 36 to 18 months from 6 April 2014. The change affects all homeowners except disabled persons, including long-term care home residents.