'British businesses could save billions of pounds if they claimed full tax relief on the commercial properties they own, according to City experts.
The value of the retail prices index for February 2012 is 239.9 and RPI annual inflation stands at 3.7%.
Martin Mann and Vaughn Chown with your refresher guide.
Businesses should be more transparent about the tax they pay and open themselves to greater scrutiny, David Gauke, the Exchequer Secretary to the Treasury, said in a speech to the Centre for Business Taxation at Oxford University.
HMRC has updated its Enterprise Investment Scheme web pages to reflect a change of address for the Small Company Enterprise Centre and some other, minor amendments.
The Chartered Institute of Taxation has raised with HMRC several concerns regarding draft legislation designed to counter a tax avoidance scheme, disclosed by Barclays, which sought to avoid the charge on ‘deemed releases’ of loan relationships.
‘Much evidence’ suggests that HMRC's approach to large business is working well, according to today’s report by the House of Commons Treasury Committee. But ‘close board-to-board working’ might give the impression that ‘preferential treatment’ is given to large taxpayers.
It is ‘not possible’, because of taxpayer confidentiality, to estimate the collective losses that banks in which the state has an interest may set against future tax liabilities, Mark Hoban, Financial Secretary to the Treasury, said in a
Should publicly listed companies continue to enjoy full confidentiality in respect of their tax affairs?
Helen Lethaby provides your monthly update, which includes coverage of the government’s action to close down ‘abusive’ debt buyback planning retrospectively and the appointment of the new Assurance Commissioner to oversee large tax settlements.