London Sports Festival moves from 3×3 basketball success to pickleball at the City of London Corporation’s Guildhall Yard
Finance Bill: government accused of failing to make case for tax reform December 15, 2021 A Westminster committee has accused the government of failing to make an adequate case for its proposed reforms to the tax system.
Letters: New Covid rules, new support December 10, 2021 [Re: The party’s over, yesterday] Small businesses will undoubtedly be hit by the new restrictions implemented as part of Plan B. These businesses have only just started on their tentative recovery after nearly two years of this crisis, and many need the winter trading boost to get through to 2022 with their heads above water. [...]
Waterstones ‘named and shamed’ for failing to pay minimum wage December 9, 2021 Waterstones are among just some of the companies that have been “named and shamed” by the Government this morning for failing to pay the minimum wage.
City Moves: Who’s switching jobs in the Square Mile today? December 9, 2021 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. UHY Hacker Young Accountancy group UHY Hacker Young has bolstered its London office with a new research and development (R&D) tax partner. Joining from East Midlands firm Duncan & Toplis, Kevin Edwards is set to advise on [...]
Tax disadvantage affecting Scottish partnerships to be removed December 8, 2021 In 2020 ICAS called for a tax disadvantage affecting Scottish partnerships to be removed, so we were pleased to see the recent government announcement that the relevant legislation will be amended. What’s the problem? The UK capital gains tax regime allows a roll-over style relief for CGT where joint owners of land exchange their interests [...]
HMRC: We are ‘actively challenging’ multinationals on tax with additional £94bn raked in during last decade December 6, 2021 HMRC told City A.M. this afternoon that it is “very actively challenging” multinationals when it comes to tax as the taxman secured £94bn in additional revenue from large businesses in the last decade. HMRC was responding to claims that big businesses’ underpaid tax has risen by another £1bn in a year to £35.8bn, up from £34.8bn [...]
HMRC to crack down on umbrella companies used to hire temp workers December 1, 2021 The government's tax department plans to crack down on umbrella companies avoiding paying workers and their taxes.
Bitcoin exchanges unable to claim tax returns on cryptocurrencies November 28, 2021 Bitcoin exchanges will not be exempt from the UK’s digital services tax, according to HMRC, and are also not qualified as money. Cryptocurrency exchanges have been informed that they are exposed to the charge, as the digital asset “are not financial instruments” which leaves exchanges unable to claim tax returns on them, The Telegraph first [...]
Stop patching – start rewriting: modernising tax administration November 25, 2021 An unsuspecting taxpayer might assume that the Taxes Management Act 1970 (TMA) would tell them all they need to know about complying with their tax obligations – and HMRC’s powers to enforce that compliance. However, they would be disappointed. What is wrong with TMA? Since 1970 there have been major upheavals in the rules for [...]
Browne Jacobson and KPMG top workplace social mobility index November 24, 2021 Law firms and consultancies are leading the way in driving social mobility in the workplace, according to the latest national Employer Index by the Social Mobility Foundation (SMF). Law firm Browne Jacobson LLP scored first place in the ranking of the top 75 organisations, followed by consulting giant KPMG and law firm Herbert Smith Freehills [...]