‘Business is “seriously concerned” about the risk of a backlash from the handling of tax avoidance disputes, according to the CBI, as it stepped into a row over the Revenue’s dealings with big companies.
Five leading tax professionals, including HMRC's Judith Knott, took part in a roundtable discussion on UK tax competitiveness. Much of the discussion, chaired by John Overs, concerned CFC reform and the potential ‘gateway’ test to filter cases out of the regime.
Chris Morgan provides a review of recent international tax developments, including the Court of Appeal decision in Marks and Spencer.
Robert Langston answers a reader's question on the international transfer of property.
MPs are set to consider whether to ‘formally call’ for Dave Hartnett to step down as HMRC’s top tax official over his handling of disputes with large companies, The Times has reported.
Three quarters of private businesses interviewed by PwC for a recent survey said the UK tax regime was unsupportive of enterprise, the firm announced.
There was little in the Cannes summit declaration to cheer proponents of a global tax on financial transactions.
Chris Bates and Judy Harrison review the impact of the decision in Samarkand, in which the First-tier Tribunal decided that a film leasing partnership which entered into a sale and leaseback was not trading. The view of the Tribunal on when expenses are deductible for tax purposes potentially affects all UK corporate taxpayers.