HMRC’s High Net Worth Unit
HMRC's High Net Worth Unit (HNWU) is a specialist division established in 2009 to deal with taxpayers who have wealth in excess of £20 million. HMRC uses details from tax returns and other public information databases to identify some 6,200 of the Read more..
Irish Government calls time on controversial tax arrangement
In the recent Irish Budget, the Irish finance minister Michael Noonan announced the abolition of the controversial 'double Irish' tax scheme that has enabled many large US multinationals to dramatically reduce their tax bills.
The Irish Government Read more..
New MOSS portal launched
On 1 January 2015 the VAT place of supply for businesses providing digital services such as broadcasting, telecoms and e-electronic (BTE) services to consumers (B2C) will change.
Currently these supplies are taxed in the Member State in which the Read more..
Claiming back tax overpaid on savings
The R40 form 'Claim for repayment of tax deducted from savings and investments' is available on HMRC’s website. Banks and building societies usually deduct 20% tax on savings interest. Individuals who have paid too much tax on interest can use the Read more..
New legislation for coding out debts
The legislation that will enable a significant increase in the coding threshold for taxpayers to have an underpayment collected via their tax code, comes into effect on 1 November 2014. From 2015-16 the coding out limit will increase from £3,000 to Read more..