‘If some tax avoidance is a fact of global competition, the challenge for firms is to protect their reputation … The awkward truth is some companies do have something to hide.
The value of the retail prices index for December 2010 is 228.4.
Adam Garrad looks at the valuation issues and techniques required to ‘unlock’ capital allowances for plant on newly built and purchased property
Sara Luder discusses the proposed changes to the corporation tax on chargeable gains regime proposed for the next Finance Bill
The National Audit Office has confirmed that it is in the ‘early stages’ of scoping a review of HMRC’s procedures for resolving tax disputes. Private Eye has linked the NAO’s decision to recent allegations concerning HMRC’s £1.2 billion settlement with Vodafone.
More than half (57%) of small business owners responding to a survey conducted by the Forum of Private Business would be willing to pay more tax in exchange for a simplified system, and 50% would be prepared to pay more under a simplified system ‘if that system cut down on tax avoidance among the
The Mutual Societies (Transfers of Business) (Tax) (Amendment) Regulations, SI 2011/37, have been made to correct an error in regulations (SI 2009/2971) concerning the tax consequences of transfers of business by industrial and provident societies.
Ben Moseley and Stephen Weston look at draft Finance Bill 2011 provisions on group mismatch schemes
‘Chuka Umunna MP is asking [at a Treasury Select Committee hearing] how many Barclays subsidiaries are incorporated in the Isle of Man. [Bob Diamond, Chief Executive of Barclays plc] says he doesn’t know. Umunna says there were 30 in that jurisdiction. He asks about Jersey.
HMRC has announced an update to its draft guidance on the Bank Levy. The draft Bank Levy Manual, running to 189 pages, accompanies the draft Finance Bill 2011 clauses published on 9 December.