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.
A double taxation convention between the UK and Germany, signed in March 2010, entered into force on 30 December 2010 (see SI 2010/2975).
HMRC has announced that it has designated the MICEX stock exchange – Russia's leading stock exchange – as a 'recognised stock exchange' under ITA 2007 s 1005(1)(b) with effect from 5 January 2011.
‘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.
Offshore tax havens are undermining elected government, hollowing out its tax base and corrupting its politicians but are still ‘growing fast’, according to a new book serialised in The Guardian.
The revised version of HMRC’s guide to Residence, Domicile and the Remittance Basis, is now available.
The Tax Treatment of Financing Costs and Income (Correction of Mismatches) Regulations, SI 2010/3025, are intended to address specific cases of mismatches between financing expense amounts and the ‘available amount’ in respe
Malaysia
Paul Morton on the tax issues of 2010 that matter, and what's ahead in 2011