July 27, 2010Intel sweeteners made up 76% of Dell’s income

Court documents released after a $100 million antitrust settlement have shown how Dell’s operating income was propped up by Intel for years.
Dell is one of a few PC makers that received pay outs from Intel to keep them from using chips from AMD. Intel has since offered its smaller rival $1.25 billion, after being fined [...]

July 15, 2010HOW TO AVOID TAX USING INTER-SPOUSE TRANSFERS!

In this article we discuss family tax planning involving the transfer of property between spouses.
Family tax planning exercises involving the transfer of assets between spouses (or civil partners) is often necessary to enable each spouse to fully utilise the various tax exemptions available to an individual. If one spouse owns all the family assets this [...]

July 12, 2010"Dash for Cash" policy sees HMRC favour negotiation over litigation

Reports emerge of revenue changing to embrace negotiated settlements even when the taxman believes it has a strong legal case.
Advisers and tax investigations insurers expect HM Revenue & Customs to relax its stance on litigation in a major policy change to bring money into the government’s coffers through negotiated settlements rather than aggressive legal action.
Investigation [...]

July 9, 2010Taxman rakes in £92.3m haul from carousel fraud victory

Taxman lays claim to tower blocks in Dubai worth £80m, supercars and properties in Knightsbridge and Buckinghamshire in clawing back record haul from carousel fraudsters.
Two members of a 21-strong carousel fraud gang have been told to hand over £92.3m in the biggest ever confiscation order secured by HM Revenue & Customs.
Syed Ahmed of Buckinghamshire and [...]

July 8, 2010Treasury steps up anti-avoidance plans

HMRC and Treasury plans for General Anti-avoidance Rule (GAAR) draws criticism from businesses, advisers and MPs
The Treasury and taxman are ploughing on with plans for a one-size-fits-all anti-avoidance rule, despite opposition from individuals, businesses, advisers and even an accountant MP.
Ever since the idea of a General Anti-Avoidance Rule (GAAR) was unveiled by the Labour government [...]

July 5, 2010Cardiff City FC battling PAYE winding up

Cardiff City chief executive Gethin Jenkins says the club are confident they will see off a new winding-up petition over a PAYE tax debt.
Jenkins confirmed a petition is to be lodged against City by Her Majesty’s Revenue and Customs on 11 August.
But in a statement on the club’s website Jenkins says Cardiff fully expect to [...]

June 24, 2010Emergency Budget: the highlights

All the key points from the chancellor’s emergency Budget speech
• Calling it an “unavoidable Budget”, George Osborne says Budget details will not be buried in the book.
• Everyone will have to contribute to the recovery, but everyone will also share in the eventual prosperity.
• Estimated growth in the UK economy should hit 1.2% this year, [...]

May 12, 2010Contractor wins IR35 appeal after five years

An IT contractor scored a rare victory at the HMRC Commissioners in an appeal against the tax department’s interpretation of his service contract.
A tribunal decision published on Friday 7 May provides details of the decision in the Novasoft case brought by Novak Brajkovic against HMRC. Between August 1998 and December 2002, Brajkovic worked as a [...]

May 5, 2010HMRC PAYE online filing guidance

The taxman has warned businesses that most of them must file their PAYE returns online by 19 May or face stiff penalties. If you send any PAYE forms by paper or magnetic media when you’re required to send them online, you will face penalties. These penalties will still be due even if you subsequently file [...]

March 26, 2010Budget 2010: VAT rise 'on hold until after election'

VAT rise to 20% expected within a few months
Despite chancellor Alistair Darling saying he had "no further announcements about VAT" in this week's Budget, there are many in the accountancy profession who expect such an announcement to be made in just a few short weeks.
They expect that an increase in VAT to 20% has been [...]

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Latest Comments

By kesciseAvoito
Thank you very much for this interesting article.

By Bob Hairstyles
If he doesn't know what he is doing, mutual fund is the way to go. That might be counted as cheating