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21 Dec 2012
Catalogue companies cannot retrospectively deduct the value of commission payments made to their agents from their total sales for the purposes of calculating their VAT liability, the EU's highest court has said.
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17 Dec 2012
Simplifications to the much-criticised Carbon Reduction Commitment (CRC) will save participating businesses around £272 million over the life of the scheme, the Government has said.
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14 Dec 2012
Operators of Combined Heat and Power (CHP) plants will be liable for the Carbon Price Support (CPS) rate of Climate Change Levy, according to draft Finance Bill legislation published by the Treasury. For non-CHP plants the taxable person is the plant...
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12 Dec 2012
Changes to the way that shares which are awarded under an Enterprise Management Incentive (EMI) are taxed will make offering these as part of a remuneration package more attractive, an expert has said.
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12 Dec 2012
A 9.1% 'above the line' tax credit will be introduced for research and development (R&D) expenditure by large companies from 1 April 2013. Above the line treatment will be optional initially but will become compulsory from 1 April 2016, according...
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11 Dec 2012
The Government today provided further detail in relation to its proposed new "employee shareholder" status, a new form of equity-linked employment contract.
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11 Dec 2012
Changes to the stamp duty land tax (SDLT) sub-sale rules announced as part of the draft Finance Bill "will introduce complexity and uncertainty into commercial transactions" said John Christian, a property tax expert at Pinsent Masons, the law firm behind...
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11 Dec 2012
An annual tax on company-owned residential properties valued at over £2 million will come into force on 1 April next year, with the first payments due in October, the Government has confirmed.
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11 Dec 2012
The general anti abuse rule (GAAR) will come into force from royal assent to the Finance Bill 2013 and not from 1 April 2013 as originally proposed, according to draft legislation for the Finance Bill 2013 published today.
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10 Dec 2012
An agreement providing for the automatic exchange of information between tax authorities in the UK and Isle of Man will provide HM Revenue and Customs (HMRC) with more information about potentially taxable income held in Manx bank accounts, the Government...
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