50% car lease deduction under threat

Article Abstract:

The 50% limit on the recovery of value added taxes (VAT) for automobile leases in the United Kingdom is coming under threat. An advocate general opinion has raised doubts on the parallel provisions in Germany's VAT legislation.

User Contributions:

Comment about this article or add new information about this topic:

Comment:  (50-4000 characters)

Name:

E-mail:

Security Code:

Making a clean breast of it

Article Abstract:

The Revenue's measure that makes it mandatory for U.K. taxpayers and their advisers to disclose tax liability on offshore bank accounts through the Offshore Disclosure Facility (ODF) is discussed.

User Contributions:

Comment about this article or add new information about this topic:

Comment:  (50-4000 characters)

Name:

E-mail:

Security Code:

We can work it out

Article Abstract:

Taking the surplus profit in the form of dividends is the most popular method of extracting funds from the owner-managed companies. The tax issues regarding the dividend income are discussed.

User Contributions:

Comment about this article or add new information about this topic:

Comment:  (50-4000 characters)

Name:

E-mail:

Security Code: