Employee Benefit Trusts and disguised remuneration

Employment Tax

Since the introduction of the disguised remuneration rules, now found in Part 7A of the Income Tax (Earnings & Pensions) Act 2003 (‘ITEPA’), many companies are faced with a problem about what to do with their Employee Benefit Trust (‘EBT’).

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Charlie Elphicke MP on tackling corporate tax avoidance

Business Tax, Tax Avoidance

In my previous blog post, I highlighted the problems with current policy decisions and corporate tax rules which have failed to keep up with the new globalised world, and allow for industrial scale tax avoidance. Without ripping up the existing tax code and building one suitable for the internet age, there are some changes which Governments can take in order to minimise the level of tax avoidance.

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Charlie Elphicke MP on the issues surrounding corporate tax avoidance

Business Tax, Tax Avoidance

Over the past 18 months, the political wind has changed. The public have made clear how disgusted they feel at the industrial scale tax avoidance by big business, and politicians are now waking up to their anger. A recent YouGov poll found that 62% of the public considered (legal) tax avoidance unacceptable.

 

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Lost in translation

Value Added Tax

I had been planning to take December off.  Sadly, the guest blogger I had lined up had last minute Christmas stuff to do and now here I am unexpectedly back at the creative coal face.  (And, before you ask, no, the guest blogger wasn’t Santa.)

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This gun’s for hire

Uncategorized

One of the problems about marketing yourself as a tax expert is that those using your services are not normally able to test your technical competence.

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Going over to the Dark Side

Uncategorized

I’ve just got back from my third Arvon course on creative writing, so you should certainly be noticing a difference by now.

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A load of bull

Excise Duty

Did you know that Lamborghini made, and still make, tractors?

Well, yes, they did and yes, they do.

After World War II, when there was a high demand for agricultural machinery in much of Europe, Porsche made tractors, and even Ferrari dabbled…

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The golden ticket

Value Added Tax

testing alt

‘There are semi-naked women playing beach volleyball in the middle of the Horse Guards Parade immortalised by Canaletto. They are glistening like wet otters and the water is splashing off the brims of the spectators’ sou’westers.’

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