Ed Denny on innovation and intellectual property
A competitive corporate tax system is not just about rates, the Treasury said as it launched five consultations.
HMRC has presented a series of awards for advancing transparency in tax. In a ceremony at 11 Downing Street Dave Hartnett, HMRC’s Permanent Secretary for Tax, said: ‘Making the tax system simple and transparent is of vital importance. HMRC has to recognise that we cannot do this alone.’
The Treasury announced five consultations on 29 November dealing with controlled foreign companies, taxation of foreign profits, profits arising from patents and R&D tax credits:
Anneli Collins on findings from a recent survey of businesses on their tax priorities
The Treasury Committee has launched an inquiry into the principles which should underpin the UK tax policy, a fortnight after the Office for Tax Simplification revealed that the system has more than 1,000 reliefs.
John Whiting on the OTS reliefs review
Treasury ministers know the difference between tax planning, tax avoidance and tax evasion, David Gauke told experts attending the ICAEW’s Hardman lecture.
The UK’s tax system falls short of the ideal ‘in costly and inequitable ways’, according to the Mirrlees Review released by the Institute for Fiscal Studies.
The challenge facing the Office of Tax Simplification became clearer today when it emerged that the UK’s tax system has more than 1,000 reliefs.