‘Britain's banks may be forced to reveal the breakdown of their corporate tax contributions under a plan from the Treasury Select Committee to demand the information as part of its report on the sector.
Deferred bonus arrangements meeting certain conditions are to be excluded from proposed measures to tackle income tax and NIC avoidance by means of ‘disguised remuneration’.
The landscape in a key area of UK tax policy is set to change ‘for ever’, a KPMG tax expert said after the European Commission announced that it has formally asked the UK to amend two anti-avoidance regimes.
HMRC has welcomed the Court of Appeal's judgment, released on Friday, in Test Claimants in the Thin Cap Group Litigation v HMRC [2011] EWCA Civ 127.
HMRC recognises that there is a difference between tax planning and avoidance, but will not compromise where it is confident of its analysis of tax law in a dispute, a spokesman has told Tax Journal after BDO
The group studying the case for a general anti-avoidance rule will consider whether a pre-transaction clearance procedure is an absolute necessity, the tax barrister leading the study has told Tax Journal.
A leading firm of accountants has welcomed ‘in principle’ the government’s intention to consider the introduction of a general anti-avoidance rule (GAAR) but has called on the Chancellor to provide clarity about what the UK government perceives to be the tax avoidance that must be tackled.
Mark Minihane and Fiona Thomson provide practical guidance on forex gains and losses
Ed Dwan looks at the benefits and challenges of participating in HMRC’s tax clear-up programme
Helen Lethaby reviews the latest developments in tax affecting financial services