Updated guidance replaces and supersedes all previous guidance with effect from 1 November
The principle underlying allocation of profits between countries is ‘ultimately devoid of any useful meaning’, says Michael Devereux
Adjustments to accounts profit ‘result in a tax bill that seems disproportionately tiny’ says Daily Mail report
Corporation tax has become ‘a national obsession’, says Daily Mail report
Public anger over tax avoidance ‘might equally be directed at the tax system itself’
Guardian error attributes the entire estimated tax gap of £32bn to avoidance, which HMRC put at £5bn
Helen Lethaby reviews recent developments
HMRC faces questioning by MPs on Public Accounts Committee and Treasury Committee
HMRC’s analysis indicates that error, failure to take reasonable care, criminal attacks, evasion and the hidden economy accounted for £23bn or 73% of the tax gap. Avoidance accounted for £5bn.
Starbucks managing director’s blog provokes angry response