Tax

• Revenue Blitz Increases CGT Recovery

  • Posted19 November 2012

  A blitz on Capital Gains Tax (CGT) evasion in 2011 has led to a huge increase in the amount of unpaid CGT identified. More than £105 million of unpaid CGT...

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• Changes in Capital Allowances and Property

  • Posted8 November 2012

  As the law stood before April 2012, it was possible for the purchaser of a commercial building to claim capital allowances in respect of plant, etc. even if the previous...

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• Temporary Occupation Justifies Multiple Rate Relief Claim

  • Posted22 October 2012

  A vacant commercial property qualifies for 100 per cent rate relief for the first three months after it becomes empty (six months if it is an industrial property). Once it...

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• Non-Domiciled Employees – Dual Contracts of Employment

  • Posted8 October 2012

  Dual or multiple employment arrangements are popular with employees domiciled abroad whose duties are performed partly in the UK and partly outside the UK. HM Revenue and Customs (HMRC) have...

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• HMRC Draw on Powers to Seize Assets When VAT is Unpaid

  • Posted21 September 2012

  Figures obtained by independent IT finance provider Syscap indicate that HM Revenue and Customs (HMRC) are increasingly using their powers of distraint to seize the assets of businesses with unpaid...

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• iPhone is Not a Computer

  • Posted5 September 2012

  HM Revenue and Customs (HMRC) have accepted that smartphones supplied by employers are not computers and thus a 2006 statement of practice that these would be subject to the benefits...

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