Tag Archives: tax mitigation

What price the 50% tax rate?

When the previous Government introduced the idea of a 50% top tax tier many predicted that all this would achieve would be a mass exodus of the wealthy from UK shores. Indeed in an article of 13 December 2009, the … Continue reading

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Self Assessment

Those with straightforward tax affairs who are paid via PAYE may never have to complete a self assessment tax form. For the rest, including the self employed, company directors, trustees and those with a foreign income completion of an annual … Continue reading

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New projects for the Office of Tax Simplification

The Exchequer Secretary, David Gauke, has written to the Office of Tax Simplification (OTS) asking them to review three further areas of taxation. The aim of these reviews is to streamline and simplify the process of tax calculations thereby reducing … Continue reading

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Balancing charity giving with bequests

One of the “surprises” of the 2011 Budget was the announcement that the Government intended to reward those who leave money to charity after their death. Effectively the Inheritance Tax Charitable Relief scheme allowed those leaving 10% of their estate … Continue reading

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Calculating an Inheritance

The recent HMRC investigations into small business tax, including that of plumbers and restaurants, have received fairly wide publicity. However, according to accountancy firm UHY Hacker Young, there is another area which HMRC have been quietly spotlighting over the past … Continue reading

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Government releases housing land

The Housing Minister, Grant Shapps, has today announced ambitious plans for Government and Council held land to be released for housing. With the aim of kick starting the house building industry and creating up to 25,000 jobs, the hope is … Continue reading

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Newshams congratulates the RIBA award winners

The Royal Institute of British Architects (RIBA) has announced the winners of the 2011 awards for architectural excellence. The 89 winners in the UK include a community hall in the Hebrides and a self build hideaway in the Lake District … Continue reading

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The CIOT comments on SDLT Budget proposals

Within the 2011 Budget, the chancellor, George Osborne, proposed various measures intended to tighten up on Stamp Duty Land Tax (SDLT) avoidance. These proposals form part of the Finance (No 3) Bill which is currently winding its way through Parliament. … Continue reading

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Stamp Duty Land Tax case won by taxpayer

The first Stamp Duty Land Tax (SDLT) case taken to the Tax Tribunal by HMRC has been won by the taxpayer. This victory is a vindication of the interpretation commonly applied to one aspect of SDLT regulations by experts although … Continue reading

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A budget for Enterprise

The Chancellor, George Osborne, today set out the key aims of his 2011 Budget as reforming the economy to produce “strong, sustainable and balanced growth that is more evenly shared across the country and between industries”. In pursuit of these … Continue reading

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