Tax
Hidden penalty in new non-doms rules
The Chartered Institute of Taxation (CIOT) believes more attention needs to be given to an additional measure that seems to have been missed by many commentators on the new consultation on the tax rules relating to non-domiciliaries.
 
Non-domiciles warned to review tax affairs
HM Revenue and Customs’ consultation document on residence and domicile is a call to action for many.
 
CIOT and ICAEW voice concern over draft legislation on income splitting
Fundamental reform to the structure of small business taxation is necessary if small businesses are to be able to plan their tax affairs with any degree of certainty, the CIOT and ICAEW have said.
 
Tax information exchange with Bermuda
The UK and Bermuda have signed Britain's first ever comprehensive tax information exchange arrangement.
 
Bosses can spread Christmas cheer tax-free
Christmas can be an expensive time but parties for staff at this time of year can be tax-free.
 
Lay preacher jailed for £51m VAT fraud
A lay preacher and lecturer in law, pretending to be a solicitor and using a bought Lordship, has received two prison sentences totalling ten years at Nottingham Crown Court.
 
FDs doubt Darling's tax plans
Almost two-thirds of finance officers are doubtful of chancellor Alistair Darling’s pledges to simplify the tax system, according to a survey by accountants BDO Stoy Hayward.
 
Tax guide printed smaller to limit size
The new edition of the authoritative tax guide, Tolley’s Yellow Tax Handbook, has 40 per cent more pages than its 2001 edition, reflecting the ongoing complexity of the UK tax system.
 
Green tax 'all stick and little carrot'
The value of all tax breaks available to encourage environmentally friendly activity is just 1.8 per cent of the amount the Government takes in annually in green taxes, according to research.
 
Simplify tax policy to improve admin, says IoD
The Institute of Directors (IoD), in a new report on tax administration, has highlighted the need for simpler tax policy as the key to better tax administration.
 
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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.