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Monday, June 30, 2008
The results of the Independent Police Complaints Commission’s (IPCC) seven-month inquiry were revealed this week along with the Poynter Review into the loss of the child benefit data discs. While the IPCC found no evidence of misconduct or criminality, it stated that the processes for data han.....
Monday, June 30, 2008
HMRC have published an Impact Assessment for Changes to R&D tax credits to ensure State aid compatibility.Research and development (R&D) tax credits aim to encourage companies to spend more on R&D in order to promote investment in innovation. Changes are needed to the R&D tax credit scheme for comp.....
Monday, June 30, 2008
The weighted tax-to-GDP ratio i.e. the total amount of taxes and social security contributions in the EU27 increased to 39.9% in 2006 from 39.3% in 2005. The EU27 tax ratio is nevertheless lower than in 1996 (40.3%) and the peak of 41.0% in 1999. EU tax levels remain generally high in comparison wi.....
Monday, June 30, 2008
A new clause has been introduced into the Finance Bill currently before Parliament. The purpose of the new clause is to close off a potential avoidance opportunity that has arisen as a result of a recent judgment of the Court of Appeal.In HMRC v Midlands Co-operative Society, the Court held that a .....
Monday, June 30, 2008
The paper Form CT1 2008 is now available. The 2008 ROS CT1 is also available today and ROS offline applications must be updated to gain offline access. The ICAI has made strong representation to the Revenue Commissioners on the unacceptable delay in making such a fundamental compliance f.....
Monday, June 30, 2008
According to eBrief No. 31/2008, where a sub-contractor submits the tax deducted certificates (Form RCTDC) outside the 4-year time limit for repayments, he/she is entitled to have the tax contained in the RCTDC taken into account and credited only against any outstanding tax liability on trading pr.....
Monday, June 30, 2008
The recent judgment of the High Court in the case of Cussens & Ors v Brosnan, a VAT case which the taxpayer lost, deals with a wide range of issues – not just the VAT matter on hand but also the nature of appeals to the High Court. The case concerned a structure involving the leasing of holida.....
Monday, June 30, 2008
The Civil Service rate increases from 1 July 2008. Please click here for details.Civil Service rates for subsistence will also increase from 1 July 2008. For details please see Her.....
Monday, June 30, 2008
In another effort to prepare the 145,000 taxpayers affected by the new reverse charge rules on construction services, eBrief No. 30/2008 advises that Revenue are to issue a letter and a summary leaflet to all principal contractors and subcontractors. The content of the letter will depend on the cat.....
Monday, June 30, 2008
In the past week, the Commission has requested an end to discriminatory practices in the area of direct taxation and indirect taxation. The various requests are summarised below:DIRECT TAXATIONHungary: fiscal provisions concerning the duty levied on the purchase of property. Those provisions discri.....