Monthly Archives: November 2012

New post tracking service offered by HMRC

Tracking an outstanding reply from HMRC HMRC has launched a tracking service to help agents and members of the public keep track of when they can expect HMRC to reply to correspondence. A frequent complaint from members is the time …

Commission requests the UK to review inheritance taxation of spouses

The European Commission issues a reasoned opinion as the second stage of infringement proceedings The United Kingdom legislation provides that transfers between domiciled spouses or civil partners are exempt from inheritance tax. However, transfers between domiciled and non-domiciled spouses or …

Patent Box regime extended to more countries

The new patent box regime, which begins from April 2013, will introduce a 10% corporation tax rate to the profits attributable to qualifying patents. Qualifying patents are those granted by the UK Intellectual Property Office and the European Patent Office. …

Plans to cap income tax relief represent another tax on business and are harmful to growth

It is  understandable that the Government has a desire to prevent the exploitation of tax reliefs merely in order to obtain a tax deduction, but considering that there is already legislation to prevent tax avoidance using schemes and progress is being made …