Further tax rises looming? Mark Davies comments in The Telegraph

This week The Telegraph reported on recent findings from the Institute of Fiscal Studies which calculates the UK tax burden to be reaching a 70 year high, prompting fears across the political spectrum, of an exodus of the mobile rich to more favourable tax jurisdictions. Further Tax Rises Loom – Mark Davies comments Mark Davies…

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HMRC opens Pandora’s Box – What should I do if I am contacted about being named in Pandora Papers?

The Pandora Papers were the biggest release of offshore data to date, involving the leak of millions of documents in October 2021 by a number of offshore financial service companies. Letters have been issued to some individuals named in the Pandora Papers Having taken time to review the leaked information, HMRC have now begun the…

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HMRC target non-resident corporate landlords

HMRC target non-resident corporate landlords…  HMRC have started sending letters to non-resident corporate landlords owning commercial property in the UK that have not previously filed tax returns.    HMRC suspect that these companies are likely to be in receipt of rental income (or possibly business profits attributable to a permanent establishment) that have not previously been…

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Inflation is the Enemy – The Chancellor’s Autumn Statement

With inflation rising and following the financial markets’ reaction to the not-so mini, mini-budget, Chancellor Jeremy Hunt’s Autumn Statement had to build global confidence in the UK economy once more. Put crudely, the tax-take had to increase and expenditure needed to decrease. At least the incumbent Chancellor couldn’t do any worse than his predecessor… After…

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