The value of the retail prices index for March 2012 is 240.8 and RPI annual inflation stands at 3.6%.
Following FA 2010, exceptions to the deemed release rules are further restricted by Finance Bill 2012 with retrospective effect. David Southern analyses the background to and nature of these changes.
Mike Gibson examines the most significant developments in the Bill since publication of the draft provisions last year.
In this month's briefing, Helen Lethaby reviews recent developments including proposed changes to the rules on the deduction of income tax at source and the tax treatment of manufactured payments.
A union representing senior HMRC staff has questioned the government’s commitment to tackling ‘tax avoidance by big business and the wealthy’.
HMRC has published its guidance on the litigation and settlement strategy relaunched last July. The draft guidance was well received, HMRC said, with ‘very few comments on the actual material’.
‘Rotten to the core’
HM Treasury has published a ‘non-exhaustive list’ of changes made to draft legislation on controlled foreign companies between the February 2012 update and the Finance Bill published on 29 March.
The Companies Act 2006 (Amendment of Part 23) (Investment Companies) Regulations, SI 2012/952, relax the conditions that a company has to meet in order to benefit from the distributions regime for investment companies.
‘Amazon tax probe in media spotlight’
‘Amazon's tax arrangements are in the spotlight this morning after national newspapers followed up The Bookseller's initial investigation.