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.
The Treasury published minutes of the 30 July meeting of the ‘CFC interim improvements’ working group, slides outlining the aim and scope of the interim improvements, and details of the group’s approved terms of reference.
Penalties: effect of agreement under Civil Procedure Rules
HMRC has revised the guidance on its Spotlights page to make it clear that schemes disclosed under the DOTAS regulations are not HMRC approved.
Transfer pricing enables some companies with overseas ownership to gain an unfair advantage, some participants in a recent survey of larger businesses observed.
‘There's absolutely no question of HMRC softening its approach to tackling avoidance, and HMRC will continue to ensure that everyone pays the right tax,’ a spokesman told Tax Journal after reports suggested that tax officials were to take a softer stance on avoidance.