‘The spotlight will again fall on [Dave Hartnett] on 14 June when Sir Andrew Park ... is due to issue a report to the National Audit Office on the “reasonableness” of five of the largest recent settlements between the tax department and big business. UK Uncut, a grass roots pressure group ...
While we could probably live with Greece exiting the euro, stopping the contagion from spreading to other economies is the big fear, David Smith writes.
David Barton identifies this month's key tax issues for advisers.
Mark Kennedy and Kimberley MacDonald assess the resulting practical issues. Tim Branston (below) provides a view from business.
‘We thought it worth posting the full letter from Bob Diamond, Barclays chief executive, to Andrew Tyrie MP, Treasury Committee chairman, regarding HMT’s blocking of two tax schemes (one on buybacks of debt). This involved a rare use of retroactive legislation ...
Barclays has complained to MPs that it was ‘singled out’ when the government announced retrospective legislation in February to impose a tax liability on what the bank described as a ‘tax-efficient’ repurchase of some of its debt.
The Public Bill Committee on the Finance Bill met on 24 May and the following clauses were agreed without amendment:
Chris Morgan provides your monthly review, including coverage of the decisions in Santander and Philips and Australia's Federal Budget.
Ashley Greenbank and Elizabeth Keeling examine the extent to which the government has implemented recommendations in the Dyson Review. Rex Vevers gives a business view (below) on R&D incentives.
Mark Minihane answers a question on foreign exchange on an unrealised gain on a loan asset.