John Brinsmead-Stockham addresses concerns about how the GAAR advisory panel will operate in practice
Alliance Boots: ‘Alliance Boots has accumulated a tax credit on £5bn of profit in the past six years, prompting calls by unions and MPs for an overhaul of the tax advantages enjoyed by private equity.
Measures to increase tax transparency will bring the international tax system into the modern age, the UK government declared at the close of the G8 leaders’ summit in Northern Ireland.
The Isle of Man, Jersey and Guernsey have all confirmed that they will join the Multilateral Convention on Mutual Tax Assistance.
A ‘backstop’ to existing anti-avoidance rules is considered by Mark Joscelyne and Mark Spinney
Punam Birly explains the latest move to tackle avoidance of income tax and NICs
HMRC has issued on its website revised guidance notes, draft regulations, and a Tax Information and Impact Note (TIIN) on the Foreign Accounts Tax Compliance Act (FATCA). The updated guidance notes outline when a trust can be defined as an ‘investment entity’ or not under the new rules.
HMRC won before the First-tier Tribunal in J Myers v HMRC (and related appeals) (TC02703 – 17 May), a case involving a ‘highly complex’ tax avoidance scheme in
Applications are invited from suitably qualified and experienced individuals to be a member of the general anti-abuse rule (GAAR) advisory panel.
Simon McKie on the Supreme Court's decision about what remains an important remedy