What Is the Difference Between Residence and Domicile?
by James Green on 06/03/10 at 11:16 am
One thing that can be clearly seen amid all the arguments over the status of Lord Ashcroft is that neither the press nor the politicians really understand the difference between someone being resident in the UK or being domiciled in the UK. It is rather painful to listen to the claim and counterclaim of so [...]
Full StoryTax Related Red Tape Costs British Business £20 Billion a Year
This is the shocking verdict which the authors of a new report, published by the Institute of Economic Affairs, have come to following an in depth study into tax related compliance and administration costs which fall on UK businesses.
The report also reveals that the average Finance Act in the 2000s has been three times as [...]
Who Says Politicians Never Listen to Voters?
Back in June of 2008 I told readers of this blog about my discussion with Des Browne, who at that time, in addition to being Member of Parliament for Kilmarnock & Loudon had two Westminster jobs; that of Defence Secretary and Secretary of State for Scotland.
A bit odd really to have two part-time jobs, both [...]
How to Maximise Your Capital Allowances
Any business can claim tax allowances, called capital allowances, on certain purchases or investments. This results in a reduction in the business tax bill – which can’t be bad.
In general capital allowances are available on plant and machinery, buildings – including converting space above commercial premises to flats for renting – and research and development. [...]
How Much Can I Put In An ISA?
I’ve suddenly had a lot of people contact me to ask the above question regarding the tax free ISA (Individual Savings Account) products that are available to UK taxpayers.
This is probably due to changes that came in last month. If you don’t know what an ISA is then have a look at this earlier article.
Currently the [...]
Running a Business: Keep It Simple (Stupid)
For some unknown reason, business owners and managers make things more complicated and complex than they need to.
Frankly business is not that complicated. A business exists to make a profit. If it doesn’t then give it up. In order to make a profit a business must offer a product or service that has appeal within a market, it must [...]
Pouring Cash Down the Toilet – £18 Billion Shortfall in British VAT During 2006
It has long been suspected that there is widespread under collection of VAT throughout the European Union. But until now no one realised just how big the figures were. Talk about pouring cash down the toilet!
There are a number of reasons for the shortfall some relating to systematic fraud (such as “carousel fraud” on mobile [...]
Popular Articles
What Is Transfer Pricing?
"Transfer pricing" is an increasingly important and contentious area of international tax law. This is because so much of modern world trade involves the transfer of goods, intangibles or serv... Full Story
It is official: the Isle of Man is NOT a Tax Haven
As promised by Gordon Brown at the end of the G20 summit today, the OECD (Organisation for Economic Cooperation and Development) has provided a detailed report on progress by financial centres... Full Story
How To Make Someone Who Complains Into a Sales Asset
No one likes getting complaints from customers but the fact is that if you handle a complaint well you can make the complainer into an asset – someone who will praise your business. ... Full Story
Running Your Business - How to Present a Professional Image While Working From Home
In the current economic situation and with more people leaving regular employment and setting up as consultants, it has become much more acceptable to run your business from home. ... Full Story
Accounts Demystified
Accounting is viewed by most non accountants as a complicated and highly technical matter, and this is a view that is encouranged by the accountancy profession. But the truth is that it is bas... Full Story
How to Maximise Your Capital Allowances
Any business can claim tax allowances, called capital allowances, on certain purchases or investments. This results in a reduction in the business tax bill - which can’t be bad. In... Full Story
