HMRC Statement of Practice SP1/11 sets out the UK’s practice in relation to methods for reducing or preventing double taxation, and supersedes the guidance in HMRC Tax Bulletins 25 and 31 (published in 1996 and 1997).
Graham Aaronson QC leads the study into a general anti-avoidance rule. Here, he answers questions on the work of the study group from Tax Journal editor, Paul Stainforth.
Several countries are tackling aggressive tax planning through improved transparency and disclosure, the OECD said.
A new report sets out a range of approaches, from mandatory disclosure to forms of ‘co-operative compliance’.
The Registered Pension Schemes (Provision of Information) (Amendment) Regulations, SI 2011/301, and the Registered Pension Schemes (Accounting and Assessment) (Amendment) Regulations, SI 2011/302, make changes to the information about individuals which a scheme administrator is required to repor
HMRC says it will be ‘reasonable about difficulties and mistakes’ made in submitting corporation tax computations and accounts using the Inline eXtensible Business Reporting Language (iXBRL) format, after a Treasury minister rejected claims that the imminent implementation of iXBRL is imposing ‘h
Leading UK banks have said they expect a commitment by government to the creation of ‘a level playing field internationally for UK banks’.
The Authorised Investment Funds (Tax) (Amendment) Regulations, SI 2011/244, amend the Authorised Investment Funds (Tax) Regulations, SI 2006/964, and the Offshore Funds (Tax) Regulations, SI 2009/3001, in order
Tom Aston on the bank levy rate increase
Malcolm White, HMRC Policy Adviser, and leading private sector professionals Tom Aston, Helen Buchanan and Andrew Senior took part in a roundtable discussion on the Bank Levy