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Published on: 12 Oct 2012
McLaren are one of the top Formula One motor racing teams. They are not only experts at ensuring cars are driven fast around racing circuits but they are also experts at ensuring that £34m fines are tax deductible… Back in 2007 McLaren were fined £34 million pounds because it “had possessed and in some way [...]
Published on: 03 Feb 2012
What have 1.1 million people in the UK got in common as at 1 February 2012? Well unfortunately for these people the answer is that they owe the UK tax authorities £100. The deadline for submitting the individual tax return for the tax year ended 5 April 2011 was 31 January 2012 (in case you’re [...]
Published on: 01 Nov 2010
When you speak with your lawyer, you can say almost anything and be confident in the knowledge that the lawyer will be able to preserve the confidentiality of your discussion. Most people probably assume the same thing when having discussions with their accountant, especially in the context of discussing tax planning opportunities with a tax [...]
Published on: 15 Sep 2010
“Double, double toil and trouble, fire burn, and cauldron bubble” so goes the famous Witch’s chant from Act 4, scene 1 of Macbeth but was a similar chant taking place last week when a potential Witch Tax was rejected by the Romanian Senate? Like many countries around the world Romania suffered badly during the recession. [...]
Published on: 02 Aug 2010
There’s a pretty good chance that either you or somebody you know has used a Vodafone network. Vodafone are the world’s largest mobile telecommunication network company and last week they announced better than expected results for the quarter ended 30 June 2010 with revenue rising for the first time since the recession began (rising by [...]
Published on: 02 Jun 2010
On the way into the office this morning I was stuck in traffic next to a Peugeot 207 vehicle which was identical to the model to the left except that it was red rather than white. If you’re heading to the ACCA UK stream tax exams on Monday then do you care if this vehicle [...]
Published on: 06 Jan 2010
As we start the new year people who are not students of UK tax maybe mistakenly assume that we have just finished a fiscal year on 31 December and have started a new fiscal year on 1 January. As good tax students we know however that this is not true! The fiscal year (tax year) [...]
Published on: 04 Oct 2009
We know the allocation of marks in the exam between the various taxes but what about the revenue generated? ACCA F6 students will be well aware that the vast majority of marks available in the exam are in connection with income tax and corporation tax. Other taxes such as CGT and VAT also play an [...]
