Marketed loss scheme
Jane McCormick asks the fundamental question: would the provision of additional tax data solve the issue of perceived tax avoidance by multinationals?
Views from tax professionals on some of the points to watch in the draft measures due to be included in this year's Finance Bill.
Financial services businesses in the Crown dependencies and British overseas territories are subject to a new information reporting regime, following intergovernmental agreements signed with the UK. Jason Collins and Reg Day review what needs to be reported by such businesses in respect of family trusts and private investment companies, in light of new draft guidance
Philip Fisher examines a recent tribunal victory for HMRC concerning dividend waivers that could have wider implications
Richard Jeens considers HMRC’s two recent consultations on tackling avoidance.
HMRC has published draft legislation which identifies 11 ‘threshold’ conditions targeting specified behaviours by promoters of tax schemes, and provides for a ‘conduct’ notice to be issued to those promoters.
The Finance Bill 2014 will contain provisions which will have effect from 30 January 2014 in relation to arrangements entered into on or after that date.
Jason Collins reports on HMRC’s draft legislation and further consultation on tackling marketed avoidance schemes
The government has invited comments by 24 February on proposals, announced in the Autumn Statement following an earlier consultation, to require upfront payment where a tax scheme ‘hits avoidance hallmarks’.