The FT reported (1 May) that lawyers acting for the international campaign group Avaaz ‘sent HMRC a letter asking for details of its decision to allow hundreds of suspected tax evaders to make use of an amnesty’, in the first step of a potential judicial review against the UK’s tax autho
What is the view from business on the coalition government’s tax policies, and what should be the tax priorities for the new government? We report views from 75 in-house tax directors and heads of tax, in response to a recent Tax Journal / Pinsent Masons survey
Mark Middleditch (Allen & Overy) reviews recent tax developments affecting the City, including new consolidating regulations for country by country reporting; withholding tax exemptions for private placements; mandatory disclosure and CFCs; and banks’ compensation expenditure
Film partnerships and loss relief
The Coalition Agreement promised that the coalition government ‘will make every effort to tackle tax avoidance’. Graham Aaronson and Steve Bousher (Joseph Hage Aaronson) give an end of term report on the coalition’s record in dealing with tax avoidance
HMRC has designated Eurex Deutschland a recognised futures exchange for the purposes of TCGA 1992 s 288(6) with effect from 13 March 2015 by means of a non-statutory order. See www.bit.ly/1bCAwCL.
Deloitte has reported that HMRC has started to issue letters to companies affected by the approach it has decided to take on pre-2006 cross-border group relief claims in the light of the CJEU decision taken in February, asking them to consider withdrawing some of the claims they have made.
Hybrid entities and capital duty
Anne Fairpo (Temple Tax Chambers) assesses the impact of the FA 2015 changes on the tax treatment of goodwill
Helen Gilbey and Sarah Falk (Freshfields Bruckhaus Deringer) report