Motoring expenses
HMRC has updated Notice 700/64 on motoring expenses to add information on when a business sells a second-hand vehicle in Northern Ireland bought in Great Britain.
Pension policy
Tax incentives for pension funds should be introduced to encourage investment in the UK says the Pensions and Lifetime Savings Association. In particular the chancellor should allow tax free dividends on investment by pension funds in UK companies and provide additional tax incentives in UK start-ups and companies requiring late-stage growth capital.
Transparent regimes
The Council of the EU has added Antigua and Barbuda Belize and Seychelles to the EU list of non-cooperative jurisdictions for tax purposes. At the same time three jurisdictions were removed: British Virgin Islands Costa Rica and the Marshall Islands.
Fractional shares
HMRC has confirmed that only whole shares not fractional shares can be held in an individual savings account (ISA) because ‘shares’...
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