The Finance Bill completed its second reading in the House of Commons on 11 October, after five hours of debate. The Bill’s progress can be followed via www.lexisurl.com/uSCsx.
The ‘threat of recharacterisation’ of transactions where there are no direct comparables is ‘viewed as a significant blocker to corporate activity and growth’, AstraZeneca has claimed.
A senior European Commission official signalled that Ireland may have to increase its business and personal taxes and ‘become a normal tax country’ in order to restore its public finances following the banking crisis, the Financial Times reported on 1 October.
Child Benefit will be withdrawn by 2013 from households containing at least one higher rate taxpayer, the Chancellor announced.
Claire Falkner on the Australian experience of a GAAR
The tax world has changed since 1997. Judith Freedman challenges some of the reasons often given for opposing the introduction of a GAAR
What are your thoughts on a GAAR? 175 of you responded to a recent Tax Journal survey – here are the headline results and a selection of your comments
Richard Clarke and Hannah Foulkes examine the effectiveness of recent HMRC initiatives
The ‘tax gap’ increased to £42 billion in 2008/09, according to HMRC’s latest estimate.
The Autumn Finance Bill will be published on 30 September, the Treasury announced.