HMRC proposes a new banding approach for bank levy charges and is unabashed about revenue targets being more important than behavioural change. HMRC publishes its proposals for taxing non-residents on gains on UK residential property. There is little movement on follower notices and accelerated payments following a short consultation, and attempts to circumvent the new disguised distribution rule only cause HMRC to reach for a bigger sledgehammer. HMRC faces a £1.2bn bill for interest alone in the Littlewoods case. The initiative to increase transparency gathers pace at EU and global levels.
