ANTI AVOIDANCE

‘Is the government tough on avoidance? It has produced a report on an anti-avoidance rule. Who did it ask to develop this – a member of HMRC perhaps, or a barrister used by HMRC to combat avoidance?

A special low rate of UK corporation tax on finance profits from overseas financing within multinational groups will offer a ‘very significant’ benefit to groups setting up a structure that represents, according to a leading tax expert, ‘almost government-approved tax avoidance’.

‘Internet giants avoided about £650m in UK corporation tax in 2010 by legally taking payments via offshore companies, according to analysis by Financial Mail. The research into the tax paid by Apple, Amazon, Google, eBay and Facebook will reignite...

‘The brouhaha about George Osborne’s plan to cap tax relief for charitable giving is a textbook case of how ill-informed emotion can derail intelligent policy-making. The chancellor wants an annual limit of £50,000 or a quarter of the donor’s income,...

Aaronson found that among tax representative bodies there was 'unanimous disapproval, indeed distaste, for egregious tax avoidance schemes'.

'We’re capping benefits and these figures clearly show why it’s fair to cap tax reliefs for the wealthy as well,' says Treasury

Tax relief is not a primary motive for charitable donations, say philanthropists

‘David Davis has put himself at the forefront of a growing revolt over the government's plans to limit tax relief on charitable donations. The influential Conservative backbencher said the government should rethink the plans.

Following FA 2010, exceptions to the deemed release rules are further restricted by Finance Bill 2012 with retrospective effect. David Southern analyses the background to and nature of these changes.