The Chancellor and the Business Secretary have recently indicated that
the 50% tax rate will only be temporary.
The Bribery Act comes into effect
The Bribery Act 2010 came into force on 1 July, creating the new offences of offering or receiving a bribe, bribery of foreign public officials, and failing to prevent a bribe being paid on an organisation’s behalf.
HMRC leaps into action
HM Revenue & Customs (HMRC) has been given substantial funding with the aim of raising an additional £7 billion each year – so unsurprisingly it has been very busy with a wide range of initiatives.
What goes up must come down
Hardly anything ever stays the same in the tax world, and that is particularly true for capital allowances.
Paying tax up front?
The tax authorities are turning the screw yet again on tax avoiders with a range of new measures that could affect a number of taxpayers.
The waiting is the hardest part
Late payments have become a growing problem for many small businesses. A third of small and medium size enterprises (SMEs) still say that big businesses do not pay on time.
More letters from HMRC
Millions of taxpayers will receive letters in the second half of this year telling them they have paid the wrong amount of tax over the 2010/11 tax year.
