The G20 Leader’s Summit is being held this week in St Petersburg, Russia, where Pascal Saint-Amans, Director of the OECD’s Centre for Tax Policy and Administration, will provide an update on the G20 initiatives to tackle tax evasion and avoidance by individuals and companies as part of the OECD’s
Heather Self and Ray McCann examine HMRC’s proposals on high-risk tax promoters. Plus, further reaction from Michael Avient, and a Q&A on the proposals by Jonathan Levy.
HMRC is consulting until 4 October 2013 on new statutory powers to identify publicly ‘high-risk’ promoters and require disclosure of all material provided to prospective users of notifiable schemes, including full analysis of the tax advantage a scheme is designed to obtain.
HMRC has published its Business Plan update for 2013/14, in which it restates its determination to clamp down on tax avoidance and evasion, using new technology, a ‘raft of new campaigns and taskforces’ and legislation aimed both at tax avoiders and scheme promoters, writes Dawn Register.
Who could be caught by reform proposals on ‘high-risk promoters’? Jonathan Levy considers the likely impact of HMRC’s latest consultation.
Ben Roberts (RPC) compares s 75A with the GAAR, in light of the recent decision in Project Blue.
The OECD will have to tread a delicate path between maximising tax harmonisation to enhance the effectiveness of new standards and not alienating governments protective of their fiscal sovereignty, explain Martin Zetter and Nigel Doran
Findings from the House of Lords Select Committee on Economic Affairs in its report, Tackling tax avoidance in a global economy: is a new approach needed?
SDLT: avoidance scheme
With the GAAR becoming law from Royal Assent to the Finance Bill 2013 on 17 July 2013, HMRC has announced that the following members of the GAAR advisory panel have been appointed: Michael Hardwick, David Heaton, Brian Jackson, Sue Laing, Gary Shiels and Bob Wheatcroft.