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PwC’s Academy brings internationally recognised VAT diploma to Oman
By: Times News Service
Muscat: As Oman gears up for VAT implementation, organisations are facing a skills shortage of qualified tax professionals.
To support businesses in implementing the nation’s new tax regime, PwC’s Academy, the talent and skills development business of PwC, has launched the Oman VAT Compliance Diploma.
Designed for professionals to navigate the new tax legislation, this globally recognised diploma, awarded by the Association of Taxation Technicians (ATT), covers the principles of VAT and in-depth knowledge and application of the GCC framework.
Run in partnership with Tolley, the leading worldwide provider of practical tax training, the programme will deliver comprehensive training for finance managers and tax professionals responsible for the administration of VAT, and for those in a VAT regulatory role in both public and private sectors.
All dressed up with somewhere to go Adam Bernstein Monday, March 1, 2021
There’s a lot of tax law regarding work uniforms – not least of all, what exactly constitutes a uniform. If your staff wear one, you need to know where you stand.
While some think of staff uniforms as being a relatively recent ‘perk’, history indicates that they reach back to the Middle Ages, at least in Britain, where some would wear a badge to denote their job or role.
Messengers, for example, would wear the insignia of the noble or royal family they served – the idea being that this legitimised the document or message being carried. Similarly, merchants wore a badge to represent the guild that they belonged to. By the 18th century, servants were in liveries noting the houses they were employed by.
Clarification needed on IT ‘super-deduction’ allowance
Chancellor announces that companies investing in qualifying new plant and machinery assets will be able to claim a ‘super-deduction’ allowance
Share this item with your network: By Published: 05 Mar 2021 13:51
In his March 2021 Budget statement, chancellor Rishi Sunak unveiled a super-deduction capital allowance, in a bid to encourage businesses to invest more.
From 1 April 2021 to 31 March 2023, companies will be able to claim a 130% super-deduction capital allowance on qualifying plant and machinery investments and a 50% first-year allowance for qualifying special rate assets.
The super-deduction will allow companies to cut their tax bills by up to 25p for every £1 they invest. The HM Revenue and Customs (HMRC) website recognises computer hardware as machinery, but is it unclear how capital investment in digital assets is treated.
Josh Fox.
Josh Fox has obtained his CTA qualification and is now a fully qualified Chartered Tax Advisor.
Nicole Dixon has been successful in gaining her first CTA exam since joining Lloyd Dowson a year ago.
Also successful in passing their Association of Taxation Technicians exams were Jacob Manson and Joe Kynman.
Nicole Dixon.
David Dowson, chairman of Lloyd Dowson said “We are extremely proud of our team and those who have achieved recent exam success. At Lloyd Dowson we are committed to helping and supporting our team members, regularly reviewing their progress and development.
“We are looking forward to seeing them further develop in their careers.”