Dec 14, 2009
The first opinions and reviews have begun to be voiced, both internationally and within the UK, discussing details of a new tax on banking sector bonuses. As previously reported, on December 9th the Chancellor Alistair Darling in his Pre-Budget Report revealed that a new levy of 50 percent, will be charged on discretionary bonuses exceeding [...]
The first opinions and reviews have begun to be voiced, both internationally and within the UK, discussing details of a new tax on banking sector bonuses. As previously reported, on December 9th the Chancellor Alistair Darling in his Pre-Budget Report revealed that a new levy of 50 percent, will be charged on discretionary bonuses exceeding £25,000.
The extraordinary levels of bonuses in the banking industry, especially during times of financial turmoil has already been the subject of political and economical disputes for ... Read More
Dec 8, 2009
Ahead of the Pre-Budget Report (PBR), due to be delivered on December 9th by Alastair Darling, Chancellor to the Treasury, a slew of speculation has arisen regarding possible tax rates increases and installation of new tax types in the UK. Though the PBR deals with government spending and economic forecasts, this year is likely to [...]
Ahead of the Pre-Budget Report (PBR), due to be delivered on December 9th by Alastair Darling, Chancellor to the Treasury, a slew of speculation has arisen regarding possible tax rates increases and installation of new tax types in the UK. Though the PBR deals with government spending and economic forecasts, this year is likely to see an increased focus on the issue of taxation as the UK government copes to deal with financial crisis induced budget deficits.
Common media discussion centers around the ... Read More
Dec 6, 2009
Swinford Bridge, a private toll bridge in the UK, which grants its owner various tax exemptions, was sold at auction to an anonymous bidder on December 3rd, for GBP 1,080,000.
The Swinford Toll Bridge in Oxfordshire, England, was built in 1767 by the Earl of Abingdom. The unique tax properties of the structure were granted when [...]
Swinford Bridge, a private toll bridge in the UK, which grants its owner various tax exemptions, was sold at auction to an anonymous bidder on December 3rd, for GBP 1,080,000.
The Swinford Toll Bridge in Oxfordshire, England, was built in 1767 by the Earl of Abingdom. The unique tax properties of the structure were granted when it received its own Act of Parliament “An Act for building a Bridge cross the River Thames, from Swinford, in the County of Berks, to Eynsham, in ... Read More
Dec 1, 2009
The UK’s HM Revenue & Customs (HMRC) has announced that the deadline for their offshore investment tax amnesty program – New Disclosure Opportunity (NDO) – has now been moved forward to January 4th.
Originally the NDO program, which ran from September 1st, 2009, required offshore account holders to disclose their obligations before November 30th. Speculation [...]
The UK's HM Revenue & Customs (HMRC) has announced that the deadline for their offshore investment tax amnesty program - New Disclosure Opportunity (NDO) - has now been moved forward to January 4th.
Originally the NDO program, which ran from September 1st, 2009, required offshore account holders to disclose their obligations before November 30th. Speculation concerning possible extensions to the tax amnesty circulated throughout the media in the last week before the deadline. On November 27th Dave Hartnett, HMRC’s Permanent Secretary for ... Read More
