James Bullock identifies the 2010 developments affecting tax dispute resolution
The Treasury launched on 9 December 2010 a consultation on draft legislation for Finance Bill 2011. The following brief outline of the measures is based on the Treasury’s overview and draft explanatory notes.
The Income and Corporation Taxes (Electronic Communications) (Amendment) Regulations, SI 2010/2942, create additional exceptions to the general rule that those delivering company tax returns must use an approved method of electronic communications to do so, starting on 1 April 2011 for corporatio
Rupert Shiers looks at the compliance related provisions
Simon Norris, Head of HMRC Powers, and leading private sector tax professionals Phil Berwick, Kevin Igoe and Aileen Barry took part in a Tax Journal round table discussion on HMRC powers
A competitive corporate tax system is not just about rates, the Treasury said as it launched five consultations.
The top 15 banks operating in the UK have now adopted the Code of Practice on Taxation for Banks, the Chancellor announced. ‘Alongside the Bank Levy, this shows that the Coalition Government is taking action to ensure banks pay their fair share,’ George Osborne said.
‘Many banks, particularly US institutions, had been reluctant to sign up to an extra-statutory code [the Code of Practice on Taxation for Banks] because of uncertainty over its implications,’ the Financial Times reported (30 November).
The Government has estimated that there are 190 open HMRC enquiries under the controlled foreign companies legislation, said Mark Hoban in a Commons written answer.