A recent survey of senior in-house tax professionals reveals dissatisfaction with HMRC’s conduct in dealing with and resolving tax disputes, writes Liesl Fichardt (Clifford Chance)
Lisa Stevenson (Parisi Tax) answers a query on tax-efficient investment in a start-up company.
The government will publish draft clauses to be included in Finance Bill 2015 on Wednesday 10 December 2014, in the week following the Autumn Statement. Consultation on this draft legislation will run until 4 February 2015.
With the Daily Telegraph reporting that ‘more than 5m employees’ may have been affected by errors in their PAYE calculations despite migrating to HMRC’s real-time information (RTI) system, HMRC has apologised but advisers say more needs to be done to make RTI ‘workable’.
After the recent RTI fiasco, where thousands of employees may have had their tax bills miscalculated by HMRC, questions should be asked, says George Bull (Baker Tilly).
Two of the BEPS deliverables that the OECD issued on 16 September indicate transfer pricing changes. These relate to intangibles and documentation. Martin Zetter (Macfarlanes) takes a look.
Mark Middleditch (Allen & Overy) provides this month’s update, including: the UT decision in The Vaccine Research Limited Partnership; the G20 meeting of finance ministers and BEPS; the targeting of the quoted Eurobond exemption loophole; and the latest HMRC guidance on additional Tier 1 capital for foreign banks
Criminal conviction and proceedings in the tax tribunals