Supreme Court: Firms linked to top Morgan Stanley banker and Wayne Rooney denied tax allowances November 20, 2024 Investment firms have been denied using tax allowances from a marketed tax scheme by the Supreme Court after it dismissed its appeal against the HMRC
Ahead of the Game: Lineker to score tax saving from company liquidation November 20, 2024 Goalhanger Films, which is co-owned by Lineker and former ITV controller Tony Pastor, has appointed a voluntary liquidator despite being a solvent company.
What Trump 2.0 means for the tax bills of UK businesses November 20, 2024 Tariffs, investment and deglobalisation: KPMG tax expert Tim Sarson takes us through what Trump's second presidency means for UK businesses.
Retailers ‘right’ to warn of Budget job cuts, says Bank of England governor November 19, 2024 The governor of the Bank of England, Andrew Bailey, has said a group of retailers were “right” to warn of sweeping job cuts as a result of Labour’s punishing £40bn tax raid at the Budget. A group of Britain’s biggest supermarkets and retail chains, including Tesco, M&S, Boots and B&Q, wrote to the Chancellor Rachel [...]
Non-doms: South Africa’s richest woman is fighting to stay in the UK November 18, 2024 When it comes to leaving countries in a hurry, Magda Wierzycka has plenty of experience. At just 12 years old, the South African entrepreneur and her parents fled their native Poland under the the cover of night, becoming refugees after its communist government declared martial law. Ending up in South Africa – via an Austrian [...]
Thomson Reuters falls at hurdle in fight against HMRC tax bill November 15, 2024 After trying to fight a whopping £167m tax bill, a court has sided with the tax agency against Thomson Reuters
How to protect your wealth from inheritance tax November 7, 2024 The inheritance tax regime is changing but don’t panic – plan. Here’s how… The Chancellor’s Budget featured many ambitious promises, bold changes, and, of course, cuts. Among these was a reform to Inheritance Tax (IHT), which is the levy applied to the estate of someone who has passed. By bringing inherited pensions into the scope [...]
Autumn Budget 2024: Sweeping overhaul of inheritance tax regime revealed October 30, 2024 Alongside the changes to pension pots, the Chancellor said she was changing the taxation of gifts passed on during someone's lifetime.
Business will be looking at where taxes are going, not just where they are October 29, 2024 Tomorrow’s Budget announcements will capture immediate attention, but it’s the tax roadmap that could have the most enduring impact, says Chris Sanger The government’s decision to publish a corporate tax roadmap in this week’s Budget is intended to strengthen the UK’s economic foundations and attractiveness as a destination for capital. This move comes at a [...]
Labour is playing a ‘dangerous game’ with capital gains tax, think tank says October 25, 2024 Currently the rate for higher earners is 20 per cent, but it’s 24 per cent for residential property on secondary homes.