The general anti-avoidance rule proposed by Graham Aaronson’s study group and now being considered by the government is a realistic response to today’s politics and would create a level playing field in the UK, according to John Bartlett, Head of Tax at BP plc.
The rationale for meetings between HMRC and leading tax advisers in the Big Four accountancy firms has been set out in revised HMRC guidance on its approach to large businesses.
The government should stop pay arrangements that could allow senior officials to avoid thousands of pounds in tax, the head of the senior civil servants’ union said today after it emerged that the Department of Health pays the salaries of 25 senior staff to limited companies.
Jonathan Bridges and Rhiannon Jones explain how the latest draft provisions work, and Kullervo Maukonen explains (below) why GSK supports the proposed regime.
Robert Langston provides a refresher guide.
Jane Jackson answers a question on the application of TCGA 1992 s 179.
The value of the retail prices index for January 2012 is 238.0, an increase of 3.9% on the January 2011 figure. The RPI fixes the indexation allowance available in calculating a company’s chargeable gains.
Ashley Greenbank examines the draft provisions concerning distributions arising from intra-group transfers of assets.
In this month's briefing, Helen Lethaby reviews the latest CFC developments, the decision of the Indian Supreme Court in Vodafone, and a recent Tribunal decision concerning equipment leasing.
Richard Carson reviews the new draft anti-avoidance regime for plant and machinery allowances and discovers that taxpayer concerns expressed during consultation are not entirely allayed.