Business news

Stamp duty tax take rises as house prices increase - 3 November 2015

Official figures show that house prices in England have risen considerably faster than in the rest of the United Kingdom in the past year. House prices increased by 5.6 per cent in England, 0.8 per cent in Wales, 2.9 per

Chartered Institute of Taxation opposed to tax evasion penalty changes - 3 November 2015

Plans to stiffen the penalties for offshore tax evasion have been criticised by lawyers and tax advisers who have warned that they could end up criminalising people and companies who have unwittingly broken the rules. The Treasury has put forward proposals for

Top ten countries revealed for chasing tax dodgers - 3 November 2015

Last year, the Organisation for Economic Co-operation and Development (OECD) co-ordinated an agreement to automatically swap tax information with finance ministers from 51 countries. At the time, Chancellor George Osborne said that tax evasion was “not just illegal, it is immoral”

UK born non-doms will suffer under new rules, according to tax advisers - 3 November 2015

Members of the Chartered Institute of Taxation (CIOT) have raised concerns about the government’s proposals to reform taxation for non-domiciles, as they fear it could lead to an unfair result for those born in the UK who spend most of

New data shows inheritance tax bill increase - 3 November 2015

According to new analysis of HM Revenue & Customs (HMRC) data, the cost of passing on wealth to the next generation has increased by three per cent or £5,000 in one year. The analysis by Prudential has revealed that in

HMRC outlines Benefits in Kind and expenses real time reporting - 3 November 2015

PAYE legislation is changing from 5 April 2016, so employers who intend to or are already payrolling benefits and expenses must register with HMRC using the new online Payrolling Benefits in Kind (PBIK) service. Businesses will be required to align

Charity status tough going for some academies, says National Governors’ Association - 6 October 2015

In the last few years around 4,000 schools have become academies and joined the charity sector. As exempt charities they are subject to charity law, but rather than being under the direct control of the Charity Commission, they are regulated