Our article in FT Adviser – Specialist blasts crackdown on tax avoidance

29th August 2012 Specialist blasts crackdown on tax avoidance The Treasury’s consultation document on the fair taxation of residential property transactions uses “ill-defined and emotive language”, Mark Davies has claimed. The director of London-based chartered tax adviser Mark Davies & Associates, said the consultation document and subsequent legislation that followed chancellor George Osborne’s budget objective…

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Our article in CityA.M. – Tax shouldn’t be determined by subjective fairness

28th August 2012 Taxation shouldn’t be determined by subjective opinions of fairness The Treasury’s latest consultation – Ensuring the Fair Taxation of UK Residential Property Transactions – has just closed. We responded to it, and disagreed not only with the substance of the policies, but also the way in which the consultation was framed around…

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Our response to HMRC’s Residential Property Consultation August 2012

View this in PDF form here. 1. Introduction 1.1. Mark Davies & Associates Limited (MDA) is pleased to be able to comment on the consultation document (condoc) titled ‘Ensuring the Fair Taxation of Residential Property Transactions’ issued in May 2012. 1.2. As a firm of professional tax advisors we are hugely troubled by the tone…

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The Taxation of Residential Property July 2012

July 2012 The Budget 2012 saw the Chancellor announce a raft of measures targeted at tax avoidance on valuable residential properties. We had a new 7% rate introduced for residential properties worth over £2 million and a new super rate of 15% for any such properties “enveloped” by non natural persons. Despite the rhetoric about…

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National Insurance Changes – Iceland, Norway and Liechtenstein

July 2012 Executive Summary -Changes to the rules on temporary postings from the home State to other States (e.g. from the UK to Iceland or vice versa); -Changes to the rules for individuals who undertake activities in two or more States (e.g. in both the UK and Iceland); and, -Employers previously outside the scope of…

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