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Oh to have been a fly on the wall in the jury room listening to the deliberations over the verdict in the Harry Redknapp tax evasion trial! Just why did the jury find Harry not guilty? Was it because:
Every UK taxpayer is now entitled to be p...Posted on: 08/02/2012
During the credit crunch many SME companies have struggled to raise sufficient finance to help them grow their way out of the recession. The Banks are apparently struggling to achieve their promised lending targets and venture capital has always been...Posted on: 13/07/2011
Exemptions from red tape for the smallest firms, the creation of 21 Enterprise Zones and tax simplification measures were among the pledges made by the Chancellor in a Budget he said would provide the best conditions for “real businesses”...Posted on: 24/03/2011
Business groups have criticised the Government’s so–called “enterprise Budget”, saying the announcements would do little to encourage people to start a business and will only help small firms in the short term, writes Clare Bu...Posted on: 24/03/2011
The highly respected Tax Journal is conducting a survey of the views of the UK tax profession on the so called ‘tax gap’, which HMRC claim stands at £42bn and some independent commentators say is as big as £120bn.
‘They...Posted on: 14/03/2011
‘The latest figures on the public sector finances show that George Osborne was wrong in his Emergency Budget last June to increase capital gains tax immediately’ says Harwood Hutton tax partner, Cormac Marum.
‘The higher than expec...Posted on: 23/02/2011
Tax planning undertaken last year to beat the introduction of the 50% top tax rate has clearly boosted the Government’s coffers this year.
The Office for National Statistics reported a public sector net borrowing surplus for January 2011 of &p...Posted on: 23/02/2011
I read today that a further 450,000 people have been trapped in the long-running chaos caused by HM Revenue and Customs.
http://www.thisismoney.co.uk/tax/income/article.html?in_article_id=521097&in_page_id=77&ct=5
Letters will be sent out o...Posted on: 12/01/2011
A simpler more integrated tax system always sounds attractive but it would throw up its own problems.
Integrating income tax and NIC would make the starter rate of 'tax' in the UK 31%. It would be a brave politician who proposed an 11% hike in the s...Posted on: 22/11/2010
George Brown’s long reign as Chancellor was marked by a series of complicated and elaborate additions to the already large volume of tax legislation. Each individual item can be excused as an attempt either to counter tax avoidance or to make t...Posted on: 02/11/2010
It appears that child benefit will continue to be paid to all women but from 2013 it will be clawed back through the tax system where one of the parents in the household has taxable income in excess of the 40% threshold (currently £43,875). Thi...Posted on: 05/10/2010
I recently read this article on the new pages of our main website http://www.harwoodhutton.co.uk/cgi-bin/item.cgi?id=33184&d=601&h=160&f=260 . I find it shocking if businesses are putting their prices up now ahead of the increase in VAT t...Posted on: 24/09/2010
I recently read this article on the news pages of our main website: http://www.harwoodhutton.co.uk/cgi-bin/item.cgi?id=33188&d=601&h=160&f=260
If HMRC collected the £42bn wouldn’t the public finances be in order and the Gover...Posted on: 24/09/2010
Amid all the furore and worry that the recent HM Revenue & Customs PAYE error scandal has caused, there is a large measure of comfort for all those who have their annual self-assessment tax returns prepared by Harwood Hutton. As part of the tax r...Posted on: 14/09/2010
I was disappointed to read the follwoing article http://www.harwoodhutton.co.uk/cgi-bin/item.cgi?id=33028&d=601&h=160&f=260 dated 6 September which suggests that the Coalition Government is going to drop this year’s Pre-Budget Repor...Posted on: 10/09/2010
It is not a surprise that 6 million people have paid the wrong tax as reported in recent headlines. And nothing new has gone wrong.
The PAYE system (first introduced way back in 1944) was never designed to cope with the complexity of today’s t...Posted on: 06/09/2010
In the good old days, when we had taper relief, these individuals would have expected to pay tax at only 10% on exit. Now, after the June Budget, they face tax at 28% on exit. They will not be happy.
In many circumstances, however; I believe that I...Posted on: 24/08/2010
I love a day at the races and am eagerly anticipating March’s Cheltenham Festival. Do I pick many winners? Well I get one or two and when I’m studying form what always impresses me is a course and distance winner.
For those of us at a ce...Posted on: 01/03/2010
In our articles:
The Statutory Residence Test - 75 years in the making
In 1936 the Consolidation Committee recommended reform of the definition of residence for tax purposes. With unseemly haste, in June 2011 HM...