Only four of the 15 largest banks have signed the Government’s code of practice on taxation for banks, the Chancellor told the BBC on 17 October. The Treasury said last year that it expected all banks operating in the UK to adopt the code.
Pete Miller examines the effect the Bamberg case will have on transactions in securities
‘We have to question what it is that the introduction of a GAAR would really achieve,’ the CIOT has told HMRC.
Claire Falkner on the Australian experience of a GAAR
The tax world has changed since 1997. Judith Freedman challenges some of the reasons often given for opposing the introduction of a GAAR
What are your thoughts on a GAAR? 175 of you responded to a recent Tax Journal survey – here are the headline results and a selection of your comments
Andy Wells examines the decision in Gripple v HMRC concerning R&D relief
The ‘tax gap’ increased to £42 billion in 2008/09, according to HMRC’s latest estimate.
The Liberal Democrats are considering plans to require accountants and lawyers undertaking government work to prove that their tax arrangements are ‘in order’, according to The Times.
The Chancellor has told MPs that they will be ‘pretty staggered’ by new, independent estimates of the tax gap.