A new discussion document examines the range of penalties HMRC can use for non-compliance with r
Penalties for offshore tax evasion are to be linked to the ‘tax transparency’ of the territory in which the income or gain arises.
Elspeth Orcharton on the NAO report
Liberal Democrat MP Adrian Sanders asked the Chancellor if he would make it his policy to refer all tax disputes concerning liabilities greater than £500 million for parliamentary scrutiny prior to action by HMRC.
HMRC has updated its guidance to extra statutory concessions.
The Finance (No. 3) Act 2010, Schedule 11 (Appointed Day) Order, SI 2011/132, appoints 25 January 2011 as the day for the coming into force of:
The National Audit Office has confirmed that it is in the ‘early stages’ of scoping a review of HMRC’s procedures for resolving tax disputes. Private Eye has linked the NAO’s decision to recent allegations concerning HMRC’s £1.2 billion settlement with Vodafone.
HMRC has published a revised summary of legislation implementing reforms arising from the review of HMRC powers, deterrents and safeguards.
The Value Added Tax (Payments on Account) (Amendment) Order, SI 2011/21, increases the thresholds above which a person becomes liable to make payments on account and below which a person ceases to be liable to make payments on account, to reflect the impact of the change in the standard rate of V
Three judges, two leading tax academics and BP’s head of tax will work with tax barrister Graham Aaronson to explore the case for a general anti-avoidance rule (GAAR), the Treasury announced.
Aaronson has enlisted: