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Tax Hack Blog

  • Information vacuum will not help the taxman
    Accountancy Age YESTERDAY'S Public Accounts Committee report into HMRC's big business settlement strategy has been widely regarded as a damning indictment. While this is true, there are very few conclusions to be made and it is clear that th…
    Published - 21 Dec 11, 11:21am
  • Hartnett's retirement: here's to a duller taxman
    Accountancy Age THE ANNOUNCEMENT that Dave Hartnett is to step down as permanent secretary for tax seems obvious in hindsight. The weight of the further damaging revelations about the Goldman Sachs deal has become too much and his retirement…
    Published - 12 Dec 11, 9:42am
  • Protestors should cut out attacking public servants
    Accountancy Age HAVING been caught up in the students' protest in the City of London(which made me late for the Lexis Nexis Tax Journal conference), it made it all the more fascinating to see permanent secretary for tax Dave Hartnett's speec…
    Published - 10 Nov 11, 12:09pm
  • Cameron's Liechtenstein gaffe
    Accountancy Age WATCHING Prime Minister's Questions yesterday, there was a strong tax element - discussions about the financial transaction tax, the bank levy and benefits to SMEs. David Cameron was, fairly enough, asking Ed Miliband what La…
    Published - 3 Nov 11, 12:14pm
  • No room for neutrality in Swiss debate
    Accountancy Age AS A tax journalist, it makes me feel uncomfortable defending HMRC. But, like the PAYE reports last week, HMRC does have to put up with an awful lot of misreporting. It's not as though there are not enough genuine criticisms…
    Published - 25 Oct 11, 9:23am
  • Hartnett to hold on - for now
    Accountancy Age DAVE HARTNETT's appearance at the Public Accounts Committee did not follow the agenda he might have expected at the start of the week. The allegations about his role in a settlement with Goldman Sachs over the investment bank…
    Published - 13 Oct 11, 9:49am
  • Taxman's tutor campaign reveals disciplinarian streak
    Accountancy Age THE CRACKDOWN on private tutors by HM Revenue & Customs has to be welcomed. Evasion should not be tolerated and it is a pragmatic approach to target professions and industries where first, the opportunities for evasion are gr…
    Published - 10 Oct 11, 3:10pm
  • We're not going on an NI holiday
    Accountancy Age THE PUBLICISING of the National Insurance holiday scheme by HMRC today is perhaps not surprising. As one of the headline policies from George Osborne's first Budget, it was expected to help boost new businesses. Unfortunately…
    Published - 6 Oct 11, 12:36pm
  • Mirrlees Review - worthy, but incompatible with the real world?
    Accountancy Age THE LATEST installment of the Institute for Fiscal Studies' Mirrlees Review makes a lot of sense. After a five-year process, the tome on radical reform of the tax system has been produced. I confess, I have not read all 523 p…
    Published - 14 Sep 11, 9:44am
  • HMRC pulls off impressive Swiss deal
    Accountancy Age AFTER NUMEROUS false dawns, the agreement with Switzerland was finally announced yesterday. And, credit where it's due, HMRC permanent secretary Dave Hartnett pulled off an excellent deal. The figures being talked about are a…
    Published - 25 Aug 11, 9:28am

TaxBuzz Blog

  • Why I stopped blogging here
    Well, it's now over 4 months since I last posted on this Tax-Buzz blog. And not one person has asked me why or seems to have missed it.  After over 400 posts over the previous 4 years. I think this evidences that much of what is said about blogging…
    Published - 6 days ago, 15 May 12, 2:53pm
  • Top 5 TaxBuzz posts of 2011
    Which TaxBuzz posts grabbed your attention this year? During 2011 I added almost 90 new posts to this blog taking the total over the last 4 years to well over 400. At different times I got bored, distracted and overly enthusiastic. This is apparent…
    Published - 30 Dec 11, 10:45am
  • Tax fallacy of the week: The Frozen CGT threshold
    The media is reporting that the Chancellor's decision to freeze the annual CGT exemption at £10,600 is bad news for 'normal' people. What rot.I read in The Telegraph today, for example,“It looks like this freeze will pay for the SEIS,” [Seed Ent…
    Published - 30 Nov 11, 8:43am
  • Tax temptation of the week: Stamp Duty Land Tax avoidance
    The Saturday Times* was headlined with reference to a story about how the 'super-rich' avoid paying Stamp Duty Land Tax (SDLT) when they buy their mansions.Simply stated the property doesn't change hands. The purchaser buys the shares in a limited co…
    Published - 28 Nov 11, 11:02am
  • Tax taunt of the week: “A quarter of drivers say cyclists should pay road tax”
    The quote in my title refers to a survey attributed to Confused.com which led to this headline in the Metro: 'Irresponsible' cyclists should pay road tax, say quarter of driversSurprisingly though I could find no reference to the survey or, what I wo…
    Published - 28 Nov 11, 8:58am
  • Tax tosh of the week: 50p tax rate to STAY
    Another day, another report about how the 50% top rate of income tax is BAD for the British Economy. This week it is the respected UK Centre for Economics and Business Research (CEBR). In September it was a group of 20 high profile economists.Let me…
    Published - 24 Nov 11, 8:34am
  • After 400 TaxBuzz blog posts - what now?
    That last blog post was the 400th I've posted here. I thought I should recognise the fact as no one else will do so.I started this blog around 4 years ago by offering comment, explanation and analysis of key UK tax developments. I made a classic mist…
    Published - 22 Nov 11, 2:03pm
  • Tax scheme warning of the week - from the GAAR study report
    I was especially taken by para 5.43 of the GAAR study report to which I referred in my last blog post:I [Graham Aaronson QC, the author of the report] therefore see no unfairness in applying the GAAR to an arrangement which is not yet completed befor…
    Published - 22 Nov 11, 11:08am
  • Top ten tax understatements in GAAR Study report
    Regular readers will know I have long awaited the outcome of Graham Aaronson's review. I have been referencing it on this blog since July 2010. The Report has now been published and the media is awash with commentators rushing to offer their immediat…
    Published - 22 Nov 11, 9:08am
  • Titillating tax story of the week - was stripper employed or self-employed?
    This true story concerns a young lady (29) who originally trained for accountancy but then chose a more adventurous life. She worked as a stripper and lap dancer, allegedly earning upto £200k pa at Peter Stringfellow's London club.Ms Quashie has bee…
    Published - 21 Nov 11, 9:01am

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