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27 February 2015

Reasons to be cheerful

By Diane Hay For those of you not old enough to remember Ian Drury, one of his most famous songs lists the things that make him happy, including his penchant for cheddar cheese and pickle (among other things probably better not mentioned here). It always makes me smile. So it...

18 February 2015

Fast Growth Forum 2015 - Register now

By Brian Henderson "Success is not about the quality of your ideas; it’s about the quality of your execution." I am pleased to announce that for the second year we are supporting the Fast Growth Forum in London on 24 & 25 March 2015. The event will feature another really...

13 February 2015

Investment Trust Companies (in liquidation) - landmark Court of Appeal judgment released yesterday

By David Anderson Following the landmark judgment released yesterday by the Court of Appeal, Investment Trust Companies (ITCs) are entitled to claim back unduly invoiced VAT directly from HMRC. The ITCs had been overcharged VAT on investment management fees in breach of EU law. In an attempt to recover these...

11 February 2015

Tartan tax is speeding down the track....are you ready to get on board?

By Gwyneth Scholefield Providing its response to the further devolved powers proposed by the Smith Commission, the UK Government published its draft legislation three days ahead of the Burns Night deadline. As Scotland continues on its devolution journey post-referendum, what do we now know and what remains uncertain? We know...

02 February 2015

What's next for Nexus?

By Angela Browning I attended a Patent Box working group meeting with HMT/HMRC last week to discuss the initial design aspects of the modified Nexus. The main focus of the meeting was HMT asking questions of business/advisors to better understand what could potentially work in terms of the new modified...

22 January 2015

EU FTT: back from the dead?

By Simon Leach By the end of 2014, it appeared that the project to implement an EU Financial Transaction Tax (FTT) had stalled. The Member States signed up to implement an EU FTT (the 'EU-11') had failed to reach consensus on a number of points concerning the scope and application...

14 January 2015

How megatrends and BEPS are colliding for engineering & construction businesses

By Aidan Sutton For the past few months, I’ve been receiving calls on an almost daily basis from UK engineering & construction clients looking for a specific piece of information: contact details for a tax colleague specialising in a developing market. From Tunisia to Mozambique to India to Malaysia and...

23 December 2014

Seasonal gifts from the OECD set the scene for a year of real change to come

By Mike Cooper In what for many will have been the last week before a seasonal holiday, the OECD published six draft discussion papers covering a range of the key BEPS actions scheduled for 2015. Although these papers show that there’s work to be done, they are yet another example...

16 December 2014

The world has changed; so must the approach to resolving HMRC disputes

By Mark Whitehouse I have been helping businesses with tax disputes for over twenty years and during that period I cannot remember a time when tax issues were higher on the business agenda. The environment both in the UK and internationally is politically charged and the debates that are now...

UK brings in digital tax as Ofcom report identifies UK shoppers as the most prolific online

By John Steveni It’s now over a month since I wrote my blog We don’t need new digital taxes, we need an international tax system fit for the Digital Age about the OECD BEPS project which is seeking multilateral consensus to update the international tax system to cope with how...