as HMRC has said it will be looking further into the cross-border taxation of interest, this is an area on which managers may want to keep a watching brief.
The expertise of ACCA members and in-house technical experts allows ACCA to provide informed opinion on a range of financial, regulatory, public sector and business areas, including taxation (business and personal); small business; pensions; education; and corporate governance and corporate social ...
Learn more about this topic: UK Airdrop Taxation. Bounties Income Tax A bounty is an airdrop received as a reward for a service. It is subject to Income Tax based on the value at the time received. Capital Gains Tax: If you sell or exchange the tokens received as a bounty at a high...
“Treatment for taxation purposes would depend upon the facts of the particular case and it rests with the assessing authorities and the Commissioners on appeal, if necessary, to determine the liability by reference to these facts.” He added that if the insurance is used on employees’ lives,...
John Cullinane, director of public policy at the Chartered Institute of Taxation, a professional body, says it would be an “obvious win” if tens of thousands of companies provided the data for tax returns, rather than millions of individuals. ...
The taxation of remuneration arrangements involving employee benefit trusts (EBTs) has been the subject of investigation by HMRC for over ten years, with one of the first reported decisions inSempra Metals v IRC[2007] STC 1559. It has recently been cast back into the spotlight with the high ...