James Bullock explains the best course of action for resolving a tax dispute
The government is consulting on plans to allow more small companies to decide whether to have an audit and a proposal to give companies preparing accounts under IFRS ‘more flexibility’ to change to UK GAAP.
Opinion among respondents to the recent consultation on a proposed financial transaction tax was ‘strongly polarised’, the European Commission said. Little has changed, judging by initial reaction to the Commission’s detailed proposal for a Council Directive introducing a Europe-wide FTT.
The government has invited proposals for new Enterprise Zones in areas affected by last week’s announcement by BAE Systems of up to 3,000 job cuts at Brough in Yorkshire, and Samlesbury and Warton in Lancashire.
HMRC has designated LIFFE Administration and Management as a recognised stock exchange under ITA 2007 s 1005(1)(b) with effect from 26 September 2011.
Detailed proposals for reform of the controlled foreign companies regime do not reflect the government’s ‘high level aims’, according to the Chartered Institute of Taxation.