‘The Tottenham Hotspur manager Harry Redknapp and Milan Mandaric, the owner of Sheffield Wednesday, have been cleared of evading tax on payments totalling £189,000 that were made by Mandaric into Redknapp's offshore bank account while the two men were at Portsmouth football club.
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