News Archive

UK Publishes Legislation For Post-Brexit Cross-Border Taxes

On November 21, the UK Government published the Taxation (Cross-border Trade) Bill, previously known as the Customs Bill, providing for the introduction of an independent customs regime for the UK when the country leaves the European Union.

UK Introduces Criminal Offense For Facilitating Tax Evasion

Corporations could be prosecuted if they fail to prevent staff from criminally facilitating tax evasion, under a new HM Revenue and Customs (HMRC) law.

HMRC Announces Simpler 'Self-Assessment' Tax Regime

UK self-assessment taxpayers may no longer have to file returns or will have their compliance burden significantly reduced under the tax agency's plans to partly or fully fill returns automatically.

UK, Finnish Firms Say Barrier-Free UK-EU Trade Critical

British and Finnish business associations are calling for Brexit negotiators to minimize trade barriers after the UK leaves the EU in March 2019.

Demand Increasing For UK R And D Tax Breaks

Uptake of the UK's research and development tax credit rose by almost a fifth during 2015-16, according to HM Revenue and Customs figures.

Hammond Promises British Firms Stable Tax Policies

UK Chancellor Philip Hammond has pledged to "promote taxpayer certainty," in response to the recommendations of the Office of Tax Simplification (OTS).

HMRC Reports On Litigation Results Last Tax Year

HM Revenue and Customs, the UK tax authority, has published information on the outcome of litigation concluded in the 2016-17 tax year against tax avoidance arrangements.

UK Law, Accounting Firms Contribute 2.5pc Of UK Taxes: Report

UK law and accountancy firms contributed 2.5 percent of all UK tax receipts in 2015/16, a report has found.

UK Considers Tax On Freeplay Gambling

HM Revenue and Customs (HMRC) is set to introduce a tax on the free bets and discounts that are offered by gambling companies.

HMRC Releases Tax Administration 'Strategy' Document

The UK tax authority, HM Revenue and Customs, has released a new strategy document, which sets out how it will transparently and consistently administer the tax regime.

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