http://www.wilson-nesbitt.com/articles/ Wilson Nesbitt Solicitors - Capital Gains Tax News RSS feed en-gb email@wilson-nesbitt.co.uk info@flamegreen.com 30 http://www.wilson-nesbitt.com/articles/781/23052008/empty_property_in_northern_ireland_should_be_taxed.html Northern Ireland finance minister Peter Robinson has proposed that extra rates should be imposed on empty properties in the province in a bid to encourage them back into use.The government estimates there are between 10,000 and 20,000 empty houses and such a move could raise up to £10... Fri, 23 May 2008 18:55:00 BST http://www.wilson-nesbitt.com/articles/768/16052008/simplification_in_tax_forms_needed.html A report has claimed that self-return tax forms are too complicated and should be made simpler to complete.The Committee of Public Accounts has found that forms produced by HM Revenue and Customs are not simple enough to fill in.Conservative MP Edward Leigh, chairman of the committee, said that... Fri, 16 May 2008 14:00:00 BST http://www.wilson-nesbitt.com/articles/757/12052008/consumers_seeking_more_financial_advice.html The credit crunch has increased the number of people looking for financial advice, according to Unbiased.co.uk. Figures released by the independent website show that the number of people asking for advice on investments rose by 33 per cent.The same survey also revealed that the volume of people... Mon, 12 May 2008 13:54:00 BST http://www.wilson-nesbitt.com/articles/716/17042008/firm_moves_offshore_to_avoid_cgt_changes.html Drug maker Shire has announced it will move its base headquarters to Ireland for tax benefits. One of Britain's largest drug makers, Shire Pharmaceutical said that Dublin offered an "optimum" tax location but was vague with any more details about why it was to make the... Thu, 17 Apr 2008 17:40:00 BST http://www.wilson-nesbitt.com/articles/605/07022008/media_mogul_in_tax_cut_plea.html Solicitors in Belfast and Northern Ireland will be awaiting the response to a fresh plea to cut corporation tax in the province.As solicitors will know, corporation tax currently stands at 28 per cent in Belfast and Northern Ireland, but companies are pressing for a reduction.Now the parent... Thu, 7 Feb 2008 13:15:00 GMT http://www.wilson-nesbitt.com/articles/557/11012008/government_to_produce_taxpayers_charter.html After solicitors in Belfast and Northern Ireland have seen many clients complaining that they don't understand their tax obligations and tax forms, the government has announced a new Taxpayers' Charter will be published. HM Revenue & Customs (HMRC) has announced the launch of a... Fri, 11 Jan 2008 12:30:00 GMT http://www.wilson-nesbitt.com/articles/517/18122007/ni_business_delivered_tax_blow.html Solicitors in Belfast and Northern Ireland will be disappointed, if not really surprised, to learn that Sir David Varney's report does not recommend a corporation tax cut for their corporate clients. Northern Ireland solicitors are now likely to have to advise their clients in the... Tue, 18 Dec 2007 14:30:00 GMT http://www.wilson-nesbitt.com/articles/513/17122007/tax_report_due_today.html Solicitors in Belfast and Northern Ireland will be paying close attention to the release of the Varney Report today, which is set to detail the tax measures available to government to bolster Northern Ireland's economy.Sir David Varney, the chairman of HM Revenue and Customs (HMRC), will... Mon, 17 Dec 2007 13:00:00 GMT http://www.wilson-nesbitt.com/articles/512/14122007/capital_gains_tax_changes_postponed.html Solicitors in Britain and Northern Ireland will have to wait until the new year before discovering what the final plans on capital gains tax will be.Chancellor Alistair Darling announced in his pre-Budget report in October this year that the capital gains tax system would be reformed, however he... Fri, 14 Dec 2007 11:34:29 GMT http://www.wilson-nesbitt.com/articles/494/05122007/half_of_firms_miss_tax_deadlines.html Solicitors in Northern Ireland will have to ensure that clients adhere to tax deadlines, after a report by the Public Accounts Committee (Pac) revealed that only 60 per cent of firms pay their capital gains tax on time.Not only that, but Northern Ireland solicitors will also have to ensure that... Wed, 5 Dec 2007 15:00:00 GMT http://www.wilson-nesbitt.com/articles/491/04122007/pm_not_backtracking_on_ni_tax.html Solicitors in Northern Ireland will have to continue to advise businesses over their tax obligations after the prime minister suggested the government would not change its mind with regard to corporation tax.Speaking at a Newspaper Society event in Westminster, Gordon Brown said a cut in capital... Tue, 4 Dec 2007 14:30:00 GMT http://www.wilson-nesbitt.com/articles/479/30112007/chancellor_urged_over_capital_gains_tax_plans.html Solicitors in Northern Ireland may face having to tell small businesses that they will have to pay more capital gains tax after if Alistair Darling's proposals are made law.MP Lady Sylvia Hermon said that Mr Darling has not considered how badly small businesses would be effected if a new... Fri, 30 Nov 2007 14:00:00 GMT http://www.wilson-nesbitt.com/articles/420/22102007/capital_gains_tax_blighting_business.html Solicitors in Northern Ireland are likely to see more entrepreneurs investing in commercial property and fewer people prepared to start up their own small businesses, if the government does not change its attitude towards capital gains tax.Northern Ireland already has a higher rate of corporation... Mon, 22 Oct 2007 13:00:00 BST http://www.wilson-nesbitt.com/articles/380/26092007/rev_paisley_urges_business_tax_cuts.html The Reverend Ian Paisley has added his voice to the growing number of people who are urging the government to cut corporation tax in Northern Ireland, according to the Belfast Telegraph.Speaking at a reception at the Labour conference in Bournemouth, Mr Paisley said that while Northern Ireland... Wed, 26 Sep 2007 11:15:00 BST http://www.wilson-nesbitt.com/articles/366/18092007/lower_rates_would_be_less_taxing.html It has been claimed that a lower rate of corporation tax in Northern Ireland would act as a catalyst for economic growth in the province, the boss of a leading Irish legal firm has said. Pat Carroll, managing partner of A&L Goodbody, said at a Belfast reception that a low corporation tax... Tue, 18 Sep 2007 15:11:13 BST http://www.wilson-nesbitt.com/articles/315/10082007/100000_offshore_tax_accounts_targeted.html HM Revenue & Customs (HMRC) is going to investigate a minimum of 100,000 people in Britain and Northern Ireland who have not disclosed off-shore bank accounts.HMRC had given every taxpayer the chance to disclose their offshore accounts with impunity up until June 22nd this year, but more... Fri, 10 Aug 2007 13:15:00 BST http://www.wilson-nesbitt.com/articles/294/30072007/accountants_face_greater_regulation.html Accountancy services in Britain and Northern Ireland will face greater regulation from December 15th 2007.Companies offering accountancy, tax, audit and insolvency services will be forced to undergo monitoring for compliance by an independent professional body or by HM Revenue & Customs,... Mon, 30 Jul 2007 09:15:00 BST http://www.wilson-nesbitt.com/articles/286/24072007/ni_commercial_property_market_controlled_locally.html Solicitors in Belfast are more likely to see clients who come from Northern Ireland for commercial property transactions, as local people are pushing out foreign investors. Northern Irish chartered surveyors and commercial property agents, Patterson Miller, said that sales of offices have been... Tue, 24 Jul 2007 11:30:00 BST http://www.wilson-nesbitt.com/articles/288/23072007/business_non-compliance_could_be_taxing.html Businesses in Britain and Northern Ireland could lose millions and face tax investigations if they do not comply with new Managed Service Companies (MSCs) legislation, Global Compliance Limited warns.With the new laws due for Royal Assent in the UK Parliament this August, every payment received... Mon, 23 Jul 2007 18:45:46 BST http://www.wilson-nesbitt.com/articles/290/23072007/businesses_petition_varney_over_tax_cut.html A petition has been signed by 50 top businesspeople, demanding that Sir David Varney makes a recommendation to cut corporation tax in Northern Ireland.Sir Anthony O'Reilly, chief executive officer of Independent News & Media, Lord Eames, the former Archbishop of Armagh, and Michael... Mon, 23 Jul 2007 14:00:00 BST http://www.wilson-nesbitt.com/articles/243/20072007/victory_for_firms_in_tax_case.html Many hundreds of companies in Britain and Northern Ireland will be able to claim compensation from HM Revenue & Customs after a landmark tax ruling following 12 years of litigation.The House of Lords ruled that companies which had been charged advance corporation tax (ACT) erroneously... Fri, 20 Jul 2007 13:30:00 BST http://www.wilson-nesbitt.com/articles/220/03072007/professor_joins_corporation_tax_cut_battle.html Professor Richard Barnett, vice chancellor of the University of Ulster, has spoken up in favour of slashing corporation tax in Northern Ireland. Speaking at a graduation ceremony at the university, Professor Barnett said that corporation tax in Northern Ireland should be reduced to the same level... Tue, 3 Jul 2007 12:30:00 BST http://www.wilson-nesbitt.com/articles/215/28062007/hmrc_consults_on_tax_payments.html HM Customs and Revenue (HMRC) has launched a consultation on improving tax payment options and managing debt.Payments, Repayments and Debt: The Developing Programme Of Work is the title of the new consultation paper, which seeks comments on various proposals to make it easier for taxpayers to pay... Thu, 28 Jun 2007 13:00:00 BST http://www.wilson-nesbitt.com/articles/82/17042007/new_punishments_for_business_tax_irregularities.html Businesses across Britain and Northern Ireland are being warned to visit their solicitors to ensure their books are in order as new stricter penalties are being brought in for tax irregularities.Inaccuracies in areas including income tax, VAT, capital gains tax, company tax, PAYE, and the new... Tue, 17 Apr 2007 14:30:00 BST http://www.wilson-nesbitt.com/articles/69/02042007/beat_the_death_duty_through_giving.html On April 6th the new inheritance tax (IHT) nil band rate will jump to £300,000, meaning that now may be the time for some shrewd gifting.As the new rate comes in, and savings and shares add to value, people in Northern Ireland and Britain will increasingly look to solicitors to make the... Mon, 2 Apr 2007 13:30:00 BST http://www.wilson-nesbitt.com/articles/45/16032007/concern_over_tax_inspector_incentives.html Concerns have been raised over new plans that could see tax inspectors across Great Britain and Northern Ireland receive incentives for finding further taxable funds.Under proposals from HM Revenue and Customs (HMRC), tax inspectors could be put onto incentive schemes that will result in them... Fri, 16 Mar 2007 12:54:48 GMT