News Archive

UK Should Support, Not Penalize New Digital Tax Filers: CIOT

The UK tax agency should adopt a light-touch approach to penalizing taxpayers who fail to meet the new digital reporting requirements that will be introduced from 2019, tax experts have said.

Support For Low-Tax UK Policies Falling: Survey

Almost half of British taxpayers would support higher taxes to fund increased public spending on health, education, and social benefits, the highest level for more than a decade, according to a survey by the National Centre for Social Research (NatCen).

Future UK Tax Policy Uncertain, As May Focuses On Brexit

In a statement following the Queen's Speech, UK Prime Minister Theresa May discussed her Government's agenda in relation to Brexit and fleetingly discussed tax policy.

Concern After Uptick In UK Tax Credit Errors

HM Revenue and Customs, the UK tax agency, has reported that tax credit errors in claims from taxpayers have risen by more than a third in the space of a year.

Enforcement Tax Yield From UK's Largest Firms Drops

Investigations by HM Revenue and Customs into the corporate tax affairs of the UK's largest businesses yielded an extra GBP2.6bn (USD3.3bn) in revenue last year, according to figures obtained by international law firm Pinsent Masons.

UK Conservatives To Target Tax Advisory Firms

The UK Conservative Party has outlined plans to "legislate for tougher regulation of tax advisory firms."

Think Tanks Say UK Corporate Tax Hike Would Be Self-Defeating

Proposals by UK opposition party Labour to increase corporation tax would reduce investment from multinational companies, two think tanks have said.

ECJ Sides With Taxpayer In UK College VAT Exemption Dispute

The European Court of Justice has ruled in favor of the taxpayer in a case concerning the value-added tax treatment of certain catering and entertainment services provided by a UK college as part of the higher education courses it provided.

Scottish Taxes Should Be Devolved To Councils, Says Think Tank

Scotland should devolve council tax and business rates to local authorities, campaigners say.

Top EU lawmaker says all euro business should be moved out of London

It is all about European supervision and defending European jobs, says Manfred Weber.

All euro-denominated financial businesses should be moved out of London and into the European Union after the UK exits from the bloc, a top EU lawmaker said on Tuesday (4 April).

Speaking at a news conference in Strasbourg, Manfred Weber, the head of the conservative grouping, the European People…

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