‘Chuka Umunna MP is asking [at a Treasury Select Committee hearing] how many Barclays subsidiaries are incorporated in the Isle of Man. [Bob Diamond, Chief Executive of Barclays plc] says he doesn’t know. Umunna says there were 30 in that jurisdiction. He asks about Jersey.
Offshore tax havens are undermining elected government, hollowing out its tax base and corrupting its politicians but are still ‘growing fast’, according to a new book serialised in The Guardian.
Anthony Inglese and Geoff Lloyd identify three misunderstandings of HMRC's Litigation and Settlements Strategy
HMRC has no automatic right to a stay in civil proceedings where a criminal investigation commences. Michael Avient and Heather Williams review the decision in Mr Swallow v HMRC
Jason Collins reviews HMRC’s proposed data-gathering powers
The leading tax bodies have updated their joint guidance for tax advisers on professional conduct in relation to taxation. It was last updated in 2006, and the latest version has been the subject of discussion since 2007.
HMRC is reminding taxpayers filing a tax return online for the first time that, when they have registered for the service via www.hmrc.gov.uk/online, a user ID and an activation code will be posted to them ‘within seven working days’.
HMRC is planning a programme of pre-return ‘business records checks’ to review the adequacy and accuracy of records in the small and medium enterprise (SME) sector. Poor record keeping is a problem in around two million SME cases, the department estimated.
Aileen Barry on the tax issues in 2010 that affected tax investigations
James Bullock identifies the 2010 developments affecting tax dispute resolution