Lawyers acting for a group seeking to challenge a settlement reached between HMRC and Goldman Sachs have told the department that its ‘ongoing delay’ in dealing with the claim is ‘unacceptable’.
HMRC has issued a ‘final warning’ to 2,500 health professionals that if they do not come forward within 21 days HMRC will ‘make a determination’ or refer them for possible criminal investigation, the Chartered Institute of Taxation said.
The 'final' version of HMRC’s guidance on the Bank Levy has been published.
A new team of ‘highly-skilled offshore analysts, technical tax experts and experienced investigators’ will work to ‘identify and pursue’ those who hide income and capital in offshore accounts to avoid UK taxes, HMRC announced.
HMRC has announced updates to the following VAT notices during the past month:
HMRC has set out in CAP 1 how non-business customers, or customers with a query about non-business activities, can obtain advice about HMRC's interpretation of recent tax law.
The Institute of Directors has welcomed Graham Aaronson’s report on a possible general anti-avoidance rule (GAAR) and noted that the report recommends a well-targeted, moderate rule that ‘should only bite on tax planning that is clearly abusive’.
A wide range of views on the pros and cons of a general anti-avoidance rule has been reflected in Tax Journal’s ‘One minute with ...’ series of interviews with leading practitioners.