Non-doms to feel the squeeze as government takes more action
By Gary Heynes
Proposed new rules for non-domiciled people could lead to the “non-dom” status only being interesting to the ultra-wealthy. Is it time to say goodbye to the rich
Tag: Tax
Be warned: Tax payment deadline might be earlier than you think
By Mike Down
HMRC has been active again this year in reminding people that the 31st January self-assessment tax return submission deadline is fast approaching. But it could be even sooner than you realise.
Beware: Post-election tax rises inevitable if oil prices stay low
By George Bull
The fall in global oil prices is leaving the Government with very few options for increasing the tax yield. If oil prices stay low for another four months, there will be huge pressure on the Treasury to increase taxes soon after the election whichever party or coalition takes power.
Aspects to consider before transferring a limited liability company
After the introduction of the limited liability partnership (LLP) Act in 2000 many partnerships chose to convert to an LLP. When this process occurs, the partners become members of the LLP and their assets are transferred. While the process is simple, the legal aspects can be difficult to understand.
Paying tax is optional (if you’re big enough)
By John Sollars
John Sollars wonders whether SMEs are paying more than their fair share, while the largest retailers avoid corporation tax.
London: The sixth-biggest French city
London is already thought to be the sixth-biggest French city in the world, with more French citizens living here than in Bordeaux or Nantes – a fact that should be a sober warning to those who would tax us more and fight moves to cut bureaucracy.
“Scrap the 50p tax rate immediately”
By Kate Bassett
The 50p tax rate must be scrapped immediately to shore up Britain’s economy against the fallout from the eurozone crisis, warn business leaders.