Posted by Tim Godfrey on 18/01/2012
The carrot
HMRC raised over £10 million from more than 1,500 disclosures made under the Tax Health Plan, but HMRC are looking to raise yet more from the plan.
The plan, which ran until 30 June 2010, gave medical professionals the chance to come forward voluntarily and get their tax affairs up to date – the attraction of disclosure was a fixed penalty of 10% ...
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Posted by Pippa Clarke on 17/01/2012
The Government has published a consultation document on its plans for a statutory residence test (SRT). The aim is to enable taxpayers to assess their residence status in a straightforward way. Furthermore, it will enable those who come to the UK on business, as employees or investors, to have a clear view of their tax treatment.
Tax residence has an important bearing on an individual’s UK ...
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Posted by Global Administrator on 17/01/2012
The Chancellor’s Autumn Statement introduced a new Seed Enterprise Investment Scheme (SEIS). The SEIS focuses on smaller, early stage companies carrying on or preparing to carry on, a new qualifying trade. The scheme offers considerable tax benefits for an investor:
- Income tax relief at the fixed rate of 50% on an SEIS investment up to £100,000 in the year, will apply to ...
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