HMRC published an updated list of its statements of practice, including changes to SP1/10 (Business by telephone), new SP1/12 (Advance thin capitalisation agreements) and new SP2/12 (Inward investment support).
The Liechtenstein Disclosure Facility will be extended by a year to 5 April 2016, HMRC announced. More than 2,000 disclosures have been made so far.
HMRC has put its business records checks programme on hold until a ‘revamped’ approach is launched ‘early in the 2012/13 financial year’.
Caroline Turnbull-Hall and Richard Thomas of the Office of Tax Simplification consider whether the tax code is really as long as everyone thinks it is.
Angela Savin considers whether the Tribunal has the jurisdiction to hear legitimate expectation arguments
The UK’s tax legislation runs to fewer than 5,500 pages and almost half of it has been rewritten in a ‘more logical and readable’ style, according to research conducted on behalf of the Office of Tax Simplification.