Taxation

Tax in Company Accounts

The principle of a deferred taxation charge or credit is that, when added to the corporation tax charge for the year, it should equal the profit before tax multiplied by the corporation tax rate. Deferred tax liabilities are the amounts of taxes payable in future periods in respect of temporary differences; a temporary difference arises

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What you can learn about Inheritance Tax

Inheritance tax (IHT) is sometimes called the avoidable tax because legitimate and acceptable forward tax planning can minimise liabilities. Many people are unaware for example, that lifetime gifts of capital within the seven year period before death may still be taxable at death, along with the value of their assets at death, so early lifetime

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Understanding the new Criminal Finances Act

The Criminal Finances Act 2017 came into effect on 30 September 2017 and makes companies, partnerships and body corporates criminally liable for failing to prevent the facilitation of tax evasion. Getting to know the new Criminal Finances Act The Act introduces two new criminal offences, relating to the failure to prevent the evasion of both

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Double Tax Treaties – latest milestone

Tax treaties are a dynamic area of international tax.  The latest development is that the Multilateral Instrument (‘MLI’) was signed by 68 countries on 7 June 2017. It heralds a radical step change in the way that double tax treaties will be rapidly amended in order to comply with the BEPS project. The MLI will

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Changes to Tax Rules Relating to Expatriate Employees

HMRC is increasingly interested in the tax affairs and compliance issues which are relevant for employers and their inward and outward bound expatriate employees. Payroll managers dealing with movements of such employees face an increasingly rigorous compliance environment as HMRC identifies the risk of tax leakage and non-compliance in the increasingly complex world of mobile workers.

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Tax Treaty Briefing: Autumn 2016

Allan Cinnamon is Quorum Training’s specialist trainer for our courses on International Tax. He regularly has articles published in Tax Journal. This series of articles will track tax treaty developments worldwide, explaining their potential impact on UK companies doing international business and foreign companies inbound to the UK. The material will be based on bilateral treaty developments,

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Tax Treaty Briefing, Summer 2016

Allan Cinnamon is Quorum Training’s specialist trainer for our courses on International Tax. He regularly has articles published in Tax Journal. This series of articles will track tax treaty developments worldwide, explaining their potential impact on UK companies doing international business and foreign companies inbound to the UK. The material will be based on bilateral

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Contractors Monthly Returns

From April 2016 changes have been made to the Construction Industry Scheme (CIS). Part of the reforms were that contractors must file their monthly returns online.

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A Post Budget Blog

Sweeteners and giveaways or prudence and disappointment?  Quorum speaker Russell Cockburn takes a look through the Chancellor’s announcements in the 2015 Budget. 

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