The principle underlying allocation of profits between countries is ‘ultimately devoid of any useful meaning’, says Michael Devereux
Adjustments to accounts profit ‘result in a tax bill that seems disproportionately tiny’ says Daily Mail report
Corporation tax has become ‘a national obsession’, says Daily Mail report
Public anger over tax avoidance ‘might equally be directed at the tax system itself’
A reminder that ESC C9 has been withdrawn
HMRC has published an ‘e-learning course’ for farmers, developed in conjunction with ‘farming bodies such as the NFU’.
HMRC has set out in Revenue & Customs Brief 16/12 the key changes in its approach to the application of the Senior Accounting Officer (SAO) rules.
Chris Morgan provides your monthly review, including coverage of the decisions in Santander and Philips and Australia's Federal Budget.
Tax professionals have welcomed new HMRC guidance on the application of the Senior Accounting Officer legislation but have drawn attention to ‘significant changes’ in HMRC’s position, including the end of the ‘light touch’ approach.
The Court of Appeal ruled unanimously in favour of the taxpayer in First Nationwide concerning dividends from share premium. Matthew Herrington reviews the wider implications.