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United Kingdom News - Business, Taxation & Offshore




Scottish Parliament Agrees New Income Tax Settings

by Jason Gorringe, Tax-News.com, London

Last updated 26 hours ago | Wednesday, February 22, 2017

Scottish lawmakers have approved plans for the structure of the nation's new individual income tax regime, following the tax devolution agreement with the UK. Read Full Story

 

Northern Irish Gov't Mulling 10 Percent CIT Rate

by Jason Gorringe, Tax-News.com, London

Last updated 26 hours ago | Wednesday, February 22, 2017

Arlene Foster, Northern Ireland's First Minister, has said her Democratic Unionist Party – the territory's largest political party – would support a cut in the corporate income tax rate to 10 percent if her government is reelected.Read Full Story

 

 

UK SMEs Not Ready For Digital, Quarterly Reporting: Survey

by Jason Gorringe, Tax-News.com, London

Tuesday, February 21, 2017

Small- and medium-size enterprises will need to make significant changes to comply with HM Revenue and Customs's (HMRC's) Making Tax Digital project, says a new survey.Read Full Story

 

HMRC Consults On Simplifying Alcohol Duty Obligations

by Jason Gorringe, Tax-News.com, London

Monday, February 20, 2017

HM Revenue and Customs has launched a consultation on simplifying administration procedures for those who produce, process, or store alcohol subject to excise duty.Read Full Story

 

 

Hong Kong Ranked As Freest Economy For 22nd Year

by Mary Swire, Tax-News.com, Hong Kong

Friday, February 17, 2017

For the 22nd consecutive year, Hong Kong has maintained its position as the world's freest economy in the 2017 Index of Economic Freedom from the Heritage Foundation.Read Full Story

 

UK Proposes Tougher Penalties On Tobacco, Excise Duty Evaders

by Jason Gorringe, Tax-News.com, London

Friday, February 17, 2017

HM Revenue and Customs has launched a consultation on new sanctions for repeated evasion of tobacco duty or other excise duties.Read Full Story