Following the media leak of some 11.5 million documents from Panamanian offshore service provider and law firm Mossack Fonseca, HM Revenue & Customs (HMRC) has responded to the story.
SME Tax News
The government has published responses to its recent consultation on company distributions and made some minor amendments to new rules on distributions proposed in the Finance Bill 2016.
Happy Easter,
This time we feature a couple of guides commissioned by subscribers; thank you G and J for your suggestions on PSCs and pensions and also to M for your link to the Sun's story on One Direction.
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This time we bring you our 2016 Budget summary, and also a new guide: "Year end top 10 for OMBs". The chancellors numerous changes to the tax system mean that tax motivated actions are dominating many small businesses.
The chancellor's 2016 Budget, together with HMRC's Business Tax Roadmap which was published alongside the budget documents, announced and confirmed a number of changes relating to corporation tax.
The Chancellor announced a number of changes to Capital Gains tax (CGT) and Entrepreneurs' Relief (ER) in his 2016 Budget statement, including a reduction in capital gains tax rates for individuals.
Budget 2016: summary of key new measures announced this week by the chancellor.
The chancellor made his 2016 Budget speech today and made a joke on pensions: "...we'll keep the lump sum and abolish the Liberal Democrats."