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No longer being forced to retire at 65 – the bigger picture (Fri, 05 Nov 2010)
Responding to consultation on phasing out the default retirement age, LITRG highlights some issues arising from the line between working life and retirement becoming increasingly blurred. Introduction The Government recently consulted on proposals which will prevent employers, except perhaps in exceptional circumstances, from forcing employees to retire at age 65. This is of...
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Universal Credit – panacea or problem? (Thu, 04 Nov 2010)
LITRG urges Government caution when introducing ‘Universal Credit’ - set to replace many existing tax credits and benefits in the biggest overhaul of the benefits system for a generation. Introduction Whilst we broadly welcome the initiative of a ‘Universal Credit’, there is as yet insufficient detail to tell whether this proposal...
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HMRC Allows VAT on Business Entertaining for Overseas Customers (Wed, 03 Nov 2010)
HM Revenue & Customs has announced a change in its policy regarding business entertaining, in light of cases heard before the European Courts. Danfoss and AstraZeneca pursued the right to reclaim VAT when entertaining business customers from overseas, and were ultimately successful in the European Courts of Justice. It is important to note that the scope is...
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Child Benefits and Higher Rate Taxpayers: The Plot Thickens (Mon, 01 Nov 2010)
The Devil is in the detail as the government's 'simple' approach struggles with the intricacies of the tax and benefits systems The government's plans to cut Child Benefits for families where one parent/guardian is a Higher Rate Taxpayer are now struggling through the practical complexities. One key announcement is that, if someone is found to have...
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