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 tax information exchange agreement between the UK and the Netherlands in respect of Aruba, signed in November 2010, entered into force on 1 January 2012.
Anthony Thomas considers what action is needed to help improve HMRC's relationship with the tax profession.
The UK/Dominica tax information exchange agreement signed in March 2010 entered into force on 23 December 2011.
The MARD Regulations, SI 2011/2931, give effect to the EU Mutual Assistance in Recovery Directive, Council Directive 2010/24/EU (‘MARD’).
They supplement FA 2011 Sch 25 relating to mutual assistance between EU member states for the recovery of claims.
Richard Clarke provides his top five developments of 2011
HMRC is seeking evidence of the potential impact of withdrawal of five tax reliefs currently provided by concession. Data is requested by 30 November 2012.
Malcolm Pengelly answers a question on discovery assessments.
HMRC is reminding caravan site owners and their customers that three extra statutory concessions are to be withdrawn with effect from January 2012.