Our special report on the much awaited OECD report, with contributions from Paul Morton, Robert Langston, Alison Lobb and Heather Self
Stephanie Hurst and Alycia Spitzmueller provide a step-by-step approach to the adoption of the new accounting framework
The GAAR is now in force. Jonathan Fisher and Ryan Hawthorne consider the issues around disclosure of a potentially contravening scheme in the ‘white space’
Graham Elliott writes that the Ocean Finance judgment might not be as beneficial to HMRC as the department suggests
Adam Craggs and Jonathan Levy provide a refresher guide to the rules on HMRC’s internal review process
Some immediate reaction on the OECD's Action Plan on Base Erosion and Profit Shifting.
The general anti-abuse rule, or GAAR, entered into force on 17 July 2013 as Finance Bill 2013 received Royal Assent.
As reported in The Guardian, Irish MPs have voted that multinational companies, such as Apple and Google, which use the Irish tax regime will not be grilled on their tax affairs.
Swiss banks will collect far less in tax from UK account holders than the £3.2bn predicted by the Office for Budget Responsibility (OBR), according to The Times. The tax deal allows UK citizens to pay a one-off levy and regular withholding tax to their Swiss bank.
The International Tax Compliance (United States of America) Regulations, SI 2013/Draft, first published in December 2012 and updated in May 2013, will give effect to the UK/US intergovernmental agreement to implement the US FATCA legislation in the UK.