Last week’s Supreme Court decision in favour of HMRC in the Tower MCashback case may make a general anti-avoidance rule less likely, tax experts have told Tax Journal.
The government has tabled dozens of amendments to Finance Bill provisions on ‘disguised remuneration’ that have been severely criticised by tax professionals.
Mark Bevington considers the Budget announcement of a future change to tax rules to limit the deduction for asset-backed pension contributions
HMRC will not take any action in relation to penalties for late submission of the first ‘client lists’, due on 30 April, providing they are with HMRC by 3 May, according to a DOTAS update published by the CIOT.
HMRC have offered employers who have used employee benefit trusts and similar arrangements, designed to defer or avoid tax and NICs, an ‘opportunity’ to settle tax liabilities in an initiative that one professional body has described as ‘messy’.
Sue Walton, head of HMRC's anti-avoidance group, explains how HMRC aim to minimise the need for intervention to ensure compliance
Tony Spillett sets out a ten-point plan to establish and maintain a good working relationship with HMRC
Many recent cases in the UK on tax avoidance schemes have contained the following citation from the judgment of Ribeiro PJ in the Hong Kong Final Court of Appeal in the case of Collector of Stamp Revenue v Arrowtown Assets Ltd (2004 ITLR 454):