Tax
Liechtenstein PM outlines tax reform
Prime Minister Otmar Hasler has presented the parameters for a revision of Liechtenstein tax law.
 
More power for HMRC
This year's Finance Bill will contain new powers for HM Revenue & Customs.
 
No clarity yet on foreign profits
The direction of the current consultation on the taxation of foreign profits is still not clear.
 
Guide to Capital Gains Tax Budget changes
A new guidance note for advisers explains the changes announced to Capital Gains Tax announced by the chancellor in the Pre Budget Report in October 2007.
 
CBI calls for radical tax overhaul
A radical overhaul of the UK's corporate tax system is needed urgently if the country is to regain its status as an internationally competitive location, the CBI has urged.
 
MPs criticise Revenue bonuses
An influential group of MPs has questioned why the Government does not employ more qualified finance directors.
 
CIOT issues draft Taxpayers’ Charter
The Chartered Institute of Taxation (CIOT) has published a policy paper seeing out its thoughts on what a Taxpayers’ Charter might look like.
 
Charities set to lose over £90m
Charities are bracing themselves for a major drop in funding when income tax is lowered to twenty pence in the pound one month from midnight on 5 April 2008.
 
Tax regime threatens to topple London
City business figures consider the UK’s tax framework is becoming less competitive just as other nations have reduced their tax rates.
 
PKF praises draft Entrepreneurs’ relief
Tax experts at accountants PKF have welcomed the draft legislation for the new Entrepreneurs' relief, which has been released by the Treasury.
 
CIOT critical of non-dom proposals
The Chartered Institute of Taxation (CIOT) has said that proposals for changing the laws of residence and domicile are unclear and offer no certainty.
 
HMRC defends steps against secret Liechtenstein accounts
HM Revenue and Customs has issued a statement after newspapers revealed it had paid an informant £100,000 in return for stolen data on secret UK accounts in Liechtenstein.
 
EU proposes measures to combat VAT fraud
The European Commission has adopted a communication on possible far-reaching measures to combat VAT fraud.
 
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Features

VAT FRAUD
fraud
A barrister has been jailed for five years for VAT fraud and a bogus aircraft engine deal.
A lay preacher and lecturer in law has received two prison sentences totalling ten years
HM REVENUE & CUSTOMS
HMRC
HMRC inspection powers introduced in the Finance Bill 2008 are rethought.
Revenue staff enjoy a far more generous expenses policy than ordinary taxpayers.
NON-DOMICILES
non-domiciles
UK remains best place for resident non-domiciles, industry responds quickly to the changes.
Draft legislation amending the tax position of non-domiciled individuals will hit more people than first thought.