Any ICAEW members involved in aggressive tax planning through 'the sorts of schemes highlighted by The Times' are bringing the profession into disrepute, Izza warns
A selection of views on the proposed general anti-abuse rule, plus a flowchart guide to navigating the draft rules and international comparisons.
HMRC should be ‘properly’ resourced to enable it ‘track down and deal with schemers and evaders quickly and efficiently’, the President of the Chartered Institute of Taxation said last night.
‘A barrage of regulatory clampdowns and political attacks on the Channel Islands' controversial financial industry has prompted one of Jersey's most senior politicians to call for preparations to be made to break the "thrall of Whitehall" and declare independence from the UK.
Ordinary taxpayers unable to avoid tax are ‘horrified’ by the behaviour of a wealthy few who are driven by greed to engage in aggressive tax avoidance schemes, a leading tax writer and lecturer has told Tax Journal.
Abusive tax schemes are anti-social, and ‘more riots in the streets’ will not be far away if aggressive tax avoidance is not tackled, a leading tax lawyer has warned.
The Commons Public Accounts Committee’s review of HMRC will be extended to examine ‘loopholes’ featured in a series of articles published in The Times, which declared in a leading article last Thursday that tax avoidance was ‘a form of cheating’ and ‘a way of playing the system to gain r
HMRC staff were set to strike today in protest against job cuts. Tax offices would be closed, and calls to telephone enquiry lines would go unanswered, the Public and Commercial Services Union (PCS) said last Thursday.
The government must be clear on what a proposed general anti-abuse rule (GAAR) will achieve, the Chartered Institute of Taxation said in response to today’s consultation paper.
Vodafone faced ‘fresh controversy’ according to press reports after it emerged that the group has no UK corporation tax liability for the year to 31 March 2012 despite having 19m UK customers.