UK Tax Bulletin

    July 2012

    Welcome to this months UK Tax Bulletin. This issue includes details on:

    • Current Rates: Latest rates of inflation and interest
    • EU Tax Exemption: This is more valuable than it looks
    • France and Trusts: France introduces some disclosure rules
    • Remittance Basis: Remittances from a joint account
    • Loans to Participators: The meaning of a loan
    • Reasonable Excuse: A generous interpretation by the Tribunal
    • Inheritance Tax - Penalties: New penalties are being introduced
    • FURBS and NIC: A conclusion of sorts