President Sarkozy of France is prepared to do ‘everything possible’ to get the G20 to move towards the adoption of a financial transaction tax, The Times reported ahead of this week’s G20 summit in Cannes.
‘A controversial tax deal between Goldman Sachs and HM Revenue & Customs, which saw the investment bank agree a settlement that reportedly saved it millions of pounds in interest, could face a challenge in the High Court.
Smaller companies are to be offered HMRC support and guidance on making claims to tax relief for the costs of research and development, under a new ‘voluntary advance assurance' pilot.
A petition calling for government action to ‘identify those avoiding and evading tax’ has attracted almost 5,000 signatures.
Sarah Norton summarises the changes regarding real-time working of transfer pricing issues and Advanced Pricing Agreements, cost contribution agreements and share options
Steven Bone answers a question on capital allowances on freehold purchases
The Vatican's Pontifical Council for Justice and Peace has called for a new tax on financial transactions and proposed the creation of a global authority to regulate financial markets. International institutions must be reformed to favour effective monetary and financial systems, it said.
HMRC’s top tax official has written to MPs setting out the department’s view of the law surrounding the disclosure of taxpayer information to a Parliamentary committee.