Journal :: UK is one of the worst countries in the EU

Published: May 27, 2005
Author: Graham Dragon
Category: Tax
Permalink: UK is one of the worst countries in the EU

The overall effect of the proposed Finance (No 3) Bill 2005 will be "to make the UK one of the worst countries in the EU in which to locate a group holding company?.

This statement must have been written by a right wing think tank, right? Or at least by the Conservative Party? Wrong!

This is the latest view expressed by the Chartered Institute of Taxation. A body of which many senior staff at HM Revenue & Customs are members or fellows.

The Finance (No 3) Bill 2005 has not yet, of course, been introduced to Parliament. The comments stem from the provisions in the original Finance Bill which was hastily replaced with a cut down ?mini? version so that the Members of Parliament could concentrate on the much more important business of getting re-elected. The assumption is that when it is published, the Finance (No 3) Bill 2005 will contain most of the original provisions left out of the Finance (No 2) Act 2005 which has already been passed.

So, how will the new Act affect your corporate clients? Are you confident you will know? Are you happy that you recognise all the opportunities created by recent and not so recent changes in Corporate Tax legislation?

If not, perhaps now is the time to book yourself onto our next Corporate Taxation Focussed Training day on 11th July. That might seem a long way off, but places are limited and will fill quickly. Ring one of our in house coaches now and book yourself a place ? and make sure you block that day out in your diary so you do not miss this opportunity to refresh your technical knowledge in a way that will enhance your sales skills.

Found this article helpful?

Why not sign up for our Journal to have articles like these emailed to you regularly so you can stay ahead of the game. Alternatively, continue reading our Journal Archive.

About Graham Dragon

Note: We do not accept liability for the content of our e-mail Journal or for the consequences of any actions taken or not taken by yourself or any third party on the basis of the information provided. We are unable to advise you on tax matters. If you wish to obtain further information or help on this or on any other tax matters you should consult with a tax accountant or other suitably qualified and experienced tax professional.

Share This Article

About the Adviser Breakthrough Journal

Adviser Breakthrough Solutions provides the IFA community with a FREE and easy way to keep ahead of the game. Subscription to this journal is FREE. To sign up simply enter your name and email address below.

View Journal Archive

Journal Categories

Back Office (10)

The Back Office Tip of the Month is your opportunity to find out what is working well for other advisers, and save having to reinvent the wheel yourself. It will cover the broad spectrum of the ways in which successful practices organise themselves, as well as some of the industry specific processes which help make our jobs easier.

Client Care (7)

We all want to ensure we continue to give the very best service to our clients.

In the Client Care Tip of the Month we will share ideas other advisers have found help them to maintain excellence in the ways they look after their clients.

Marketing (16)

Any business that wants to survive has to get its marketing right. In the midst of an economic boom, plenty of businesses go bust; and in the midst of a recession, plenty of businesses grow from strength to strength. The difference between the two types of business is almost invariably linked to their marketing.

In the Marketing Tip of the Month we will share with you some marketing ideas successful advisers are using right now to ensure their practices not only survive, but thrive.

Money Making (6)

As a financial adviser you are not here to practise an interesting hobby. Your practice is a business. A business which should provide you with the income you want.

The Money Making Tip of the Month recognises this, and will provide you with ideas which you can adapt to ensure you really get the income you want out of your practice.

Motivational (3)

It is a fact of life that the more motivated we are, the more we can achieve. But it also seems to be a fact in our industry that wherever we turn we see news and gossip that demotivates rather than motivates us.

The Motivational Tip of the Month is intended to reverse that negative trend. It will be a reminder of just why we joined our profession in the first place and is designed to inspire you to achieve the great things of which you really are capable.

Tax (76)

Most clients recognise the value of proper tax planning. They may rarely act on the tax advice you give them, but they appreciate the fact that you gave it to them anyway. It probably puts you head and shoulders above any other financial advisers they may have met, and reinforces the fact that you are a professional who is there to help them.

Each month we will give you a tax tip you may wish to slip into your conversations with your clients, or even include in your newsletter to them.

Time Management (3)

Whoever your hero in life may be, whether it is Bill Gates, Warren Buffett, Leonardo Da Vinci, or Mother Teresa, that person had exactly the same number of hours in their day as you when they achieved greatness. The big difference is how they used those hours.

The Time Management Tip of the Month will share ideas you can put into practice to squeeze more value out of your day.