We are a UK headquartered multinational within the current senior accounting officer (SAO) regime. The indirect tax team has been asked by the head of tax to contribute thoughts on how VAT and customs duty are impacted by HMRC’s large business compliance programme. We are aware that this programme is focused on encouraging businesses to publish a tax strategy and be more transparent in relation to tax planning but to what extent does this affect transaction taxes such as VAT and customs duty?
Answer
In common with many tax initiatives of this nature the narrative leans towards corporate rather than other taxes and examples providing guidance similarly centre around direct rather than indirect...
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We are a UK headquartered multinational within the current senior accounting officer (SAO) regime. The indirect tax team has been asked by the head of tax to contribute thoughts on how VAT and customs duty are impacted by HMRC’s large business compliance programme. We are aware that this programme is focused on encouraging businesses to publish a tax strategy and be more transparent in relation to tax planning but to what extent does this affect transaction taxes such as VAT and customs duty?
Answer
In common with many tax initiatives of this nature the narrative leans towards corporate rather than other taxes and examples providing guidance similarly centre around direct rather than indirect...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
initiatives of this nature the narrative leans towards corporate rather than other taxes and examples providing guidance similarly centre around direct rather than indirect...
