ACCA Archives - Page 180 of 195 - Whitefield Tax - Isle of Wight Accountants

HMRC withdraws concession on remittance basis

by Jessica Garbett | Oct 22, 2014 | ACCA, personal finance, personal taxatation, residence and non residence

In August changes took effect around how money brought into the UK or used in the UK under a loan facility secured by foreign income or gains is treated. A taxpayer who is resident but not domiciled in the UK can elect to pay tax on the remittance basis, ie he is...

Offshore loan schemes under HMRC attack

by Jessica Garbett | Oct 19, 2014 | ACCA, business taxation, enquiries and tax disputes

Offshore loan schemes used by contractors are under attack by HMRC, following the successful outcome of Philip Boyle v HMRC at the First-Tier Tribunal. HMRC is giving the 16,000 or so users of these schemes the opportunity to bring their affairs up to date on...

Successful reasonable excuse appeals

by Jessica Garbett | Oct 16, 2014 | ACCA, business taxation, employer returns, enquiries and tax disputes, personal taxatation, RTI

Few taxpayers win reasonable excuse appeal cases. These examples buck the trend. Reasonable excuse continues to be important; recent cases have shown many instances where the taxpayer has lost. However, it is possible to win, particularly where there has been an...

Consultation on audit exemption

by Jessica Garbett | Oct 13, 2014 | ACCA, accountancy regulation, business issues, financial reporting

The government is consulting on the implementation of the EU Accounting Directive proposed changes to the audit exemption provisions in Companies Act. The Department for Business, Innovation and Skills (BIS) has launched a consultation on the implementation in the UK...

Transfer of a going concern – HMRC policy change

by Jessica Garbett | Oct 10, 2014 | ACCA, VAT

HMRC has had a change of policy following the First Tier Tribunal (FTT) decision in Robinson Family Ltd [2012] UKFTT 360 (TC). The changes are three-fold and are discussed here policy change by policy change. Surrender of a property lease HMRC has changed its policy...

The quick guide to IP protection

by Jessica Garbett | Oct 7, 2014 | ACCA, business issues

The quick guide to IP protection Intellectual property may be the most valuable asset a business owns. Here’s how to protect it. Intellectual property may be the most valuable asset a business owns. Here’s how to protect it. When it comes to setting up and running a...

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HMRC withdraws concession on remittance basis

Offshore loan schemes under HMRC attack

Successful reasonable excuse appeals

Consultation on audit exemption

Transfer of a going concern – HMRC policy change

The quick guide to IP protection

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