The devolution of tax powers across the United Kingdom adds to the importance of informed public debate, tax professionals said as they offered their expertise to policymakers involved in the process.
My news story for Worldwide Tax Daily, published by Tax Analysts on October 23 (paywall):
U.K. Tax Bodies Offer Expertise to Inform Devolution Debate
Measures presented as anti-avoidance legislation may receive less detailed scrutiny than other measures because they are difficult to challenge politically, a leading tax professional told the House of Lords Economic Affairs Finance Bill Subcommittee.
My news story for Worldwide Tax Daily, published by Tax Analysts on October 17 (paywall):
Tax Law Rhetoric Affects Scrutiny, U.K. Peers Told
UK business leaders urged Chancellor of the Exchequer Philip Hammond to use the upcoming budget to increase tax reliefs to support business investment, while campaign groups recommended tax increases to fund public services.
My news story for Worldwide Tax Daily, published by Tax Analysts on October 15 (paywall):
Hammond Urged to Increase Tax Breaks for Business Investment
The UK government should avoid introducing any tax policy initiatives in the October 29 budget and focus instead on addressing the implications of Brexit, tax professionals said.
My news story for Worldwide Tax Daily, published by Tax Notes on October 6 (paywall)
Misunderstandings remain about UK taxation of savings income, but a personal tax roadmap would help address its significant complexities, the Office of Tax Simplification said last month.
A range of tax reliefs to encourage saving works well for most taxpayers, and 95 percent of people pay no tax on savings income, the OTS said. But the interaction between rates and allowances is so complex that HMRC’s self-assessment computer software has sometimes “failed to get it right,” the OTS pointed out in a 50-page report titled Savings Income: Routes to Simplification.
My news story of May 29 for Tax Notes (paywall) is now reproduced in full with permission: U.K. Office of Tax Simplification Calls for Personal Tax Roadmap (pdf).