The European Commission has confirmed that it will not meet its self-imposed June deadline for its state aid investigations into tax rulings involving multinationals like Amazon, Apple, Fiat and Starbucks.
The Supreme Court has refused the taxpayer permission to appeal in Vocalspruce [2014] EWCA Civ 1302, ‘because the application does not raise an arguable point of law of general public importance which ought to be considered by the Supreme Court at this time bearing in mind that the case
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
Stephen Pevsner and Laura Charkin (King & Wood Mallesons) consider the new rules for fund managers
Nigel Doran (Macfarlanes) examines the new anti-avoidance rule
Failure of a capital loss scheme
The director of the OECD’s centre for tax policy and administration, Pascal Saint-Amans, has talked of being ‘embarrassed’ over the UK’s diverted profits tax legislation (DPT).
Tori Magill (Pinsent Masons) answers a query on the validity of a discovery assessment received by a taxpayer who participated in a marketed tax avoidance scheme.
Robert Field and Julian Pike (Farrer & Co) explain why ‘no comment’ is no longer an acceptable response to a media story on tax
Actions have consequences: for HMRC as much as for taxpayers, writes BKL Tax