HMRC, in conjunction with the Valuation Office Agency (VOA), has updated its practice note on the apportionment of goodwill and other assets involved in the sale of a business as a going concern, following a discussion process with the Chartered Institute of Taxation (CIOT).
Following the publication of regulations extending until April 2014 the temporary relaxation of the ‘on or before’ real-time reporting rules for businesses with fewer than 50 employees, HMRC has updated its guidance to include an example of how employers should complete their full payment submiss
Laundry building in enterprise zone
Dealing in mobile phones: whether trade ceased
The government’s ‘shares for rights’ scheme, which allows staff to give up their employment rights in exchange for equity stakes and was introduced this month with the aim of boosting business start-ups, has been reported in the Financial Times as ‘helping to cut executive tax bills in t
HMRC is challenging arrangements used by contractors and other professionals to avoid tax by entering into a contract of employment with an offshore employer, while providing their services in the UK.
Taxation of dividends: principles of European law
A look at what’s ahead this month, with views from practitioners on what’s in their in-tray: David Harkness on the advent of GAAR health checks; David Whiscombe on a mixed bag for SMEs; Sarah Cormack on the proposed anti-avoidance rules on transfer of assets abroad; and Daniel Lyons highlights proposed changes to the VAT retail export scheme
Dawn Register comments on HMRC’s Business plan update for 2013/14
The Law Society has branded the government’s proposals for partnership tax reform ‘premature’, urging HMRC to avoid further ‘piecemeal’ legislation and postpone any changes until 2015.
The proposed changes, due to take effect on 6 April 2014, are intended to: