With the GAAR now in effect, are certain features of registered pension schemes now within its ambit, asks John Hayward.
According to the Financial Times (19 September): ‘After months of championing the global crackdown on tax avoidance by multinationals, the UK government is facing mounting scrutiny at home and abroad over its own aggressive approach to tax competitiveness.’ The newspaper says that recent
HMRC’s latest tax disclosure campaign is aimed at residential property landlords. No closing date has been set and the opportunity to come forward voluntarily will remain open for at least 18 months. HMRC said: ‘By coming forward voluntarily, people will receive the best possible terms.
Danny Alexander, the chief secretary to the Treasury, has announced that the government is to legislate against tax avoidance by partnerships and individuals in transactions involving compensating adjustments derived from the transfer pricing rules.
HMRC has published Revenue & Customs Brief 28/2013, setting out its policy on withholding repayment claims in avoidance cases.
HMRC is challenging arrangements used by contractors and other professionals to avoid tax by entering into a contract of employment with an offshore employer, while providing their services in the UK.
The Tax Justice Network has written to chief executives of FTSE 100 listed companies, drawing attention to a legal opinion which says that company directors have no fiduciary duty to avoid tax.
The G20 leaders’ declaration published last week endorses the OECD proposal on BEPS and a new standard of information exchange. Sandy Bhogal provides a quick overview
The OECD has presented to the G20 its progress report on tax transparency and exchange of information, including the BEPS action plan and global model for automatic exchange of information.
Heather Self looks at the substantial shareholdings exemption in light of Vodafone's sale of its Verizon interests