News Archive

Think Tanks Say UK Corporate Tax Hike Would Be Self-Defeating

Proposals by UK opposition party Labour to increase corporation tax would reduce investment from multinational companies, two think tanks have said.

ECJ Sides With Taxpayer In UK College VAT Exemption Dispute

The European Court of Justice has ruled in favor of the taxpayer in a case concerning the value-added tax treatment of certain catering and entertainment services provided by a UK college as part of the higher education courses it provided.

Scottish Taxes Should Be Devolved To Councils, Says Think Tank

Scotland should devolve council tax and business rates to local authorities, campaigners say.

Top EU lawmaker says all euro business should be moved out of London

It is all about European supervision and defending European jobs, says Manfred Weber.

All euro-denominated financial businesses should be moved out of London and into the European Union after the UK exits from the bloc, a top EU lawmaker said on Tuesday (4 April).

Speaking at a news conference in Strasbourg, Manfred Weber, the head of the conservative grouping, the European People…

UK Offering New Trading, Property Income Tax Allowances

New UK property and trading income allowances of GBP1,000 (USD1,246) each, which were announced in Budget 2016, came into effect on April 6.

UK Buy-To-Let Landlords Face Higher Tax Bills From April

The Chartered Institute of Taxation has issued a reminder to landlords that UK tax reliefs will begin to be reined in from April.

UK Rethinking Tax On Overseas Property Investors

The UK is considering bringing certain non-resident companies within the scope of corporation tax where they have existing UK taxable income and/or gains from the disposal of certain UK residential property interests.

U-Turns On National Insurance Levy Hike

UK Chancellor Philip Hammond has backtracked on plans to increase National Insurance (social security) contributions for self-employed people.

UK To Enhance Social Investment Tax Relief Regime

The UK is to increase the lifetime investment limit for social enterprises to benefit from tax relief to GBP1.5m (USD1.82m) from the current three-year rolling limit of EUR344,000 (USD368,000).

British Firms Call For Tax Certainty Ahead Of Brexit

The UK Government should clarify to what extent UK value-added tax rules will change post-Brexit and allocate resources to support businesses during the transition, the British Chambers of Commerce (BCC) has said.

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