'Corporation tax is not a voluntary tax and Parliament sets out the rules and rates for businesses to follow,' says HMRC
Treasury committee set to begin its own inquiry into Britain’s tax system
Carry forward of trade losses is a well-established feature of tax law
It is our job to change the law, Commons treasury committee chairman told HMRC
Some activity that is not technically ‘tax avoidance’ may still be problematic. But a GAAR cannot deal with it, and it is unfair to criticise HMRC over multinationals’ tax planning, Judith Freedman tells Tax Journal.
‘What is the capital on the shares?’
Package includes expansion of unit focusing on affluent individuals
HMRC insists that it has been ‘very successful’ in reducing tax avoidance by large businesses
‘We have listened to feedback from our customers and employees’
‘Without transparency it is very difficult to understand what is going on in tax’