The proposal for public CBC reporting, as approved by European Parliament’s Economic and Monetary Affairs and Legal Affairs committees, contains possible exemptions for commercially sensitive information.
Tax professionals comment on the uncertainty surrounding UK tax policy following the results of the general election.
Penalties for failure to comply with an information notice issued by HMRC can only be imposed if the information notice in question is unambiguous, clear and precise.
Topics recently examined by the Scottish committee include classification of Scottish income taxpayers, an apparent shortfall in LBTT receipts, and progress on VAT assignment and the proposed air departure tax.
Tax has been prominent in the general election campaign and the political parties have offered clearer choices to voters than for many years, as David Smith reports.