The Government was asked whether it would provide ‘the same level of funding for advertising to highlight tax evasion as is spent on highlighting benefit fraud’.
The Treasury published minutes of the 30 July meeting of the ‘CFC interim improvements’ working group, slides outlining the aim and scope of the interim improvements, and details of the group’s approved terms of reference.
The Treasury published minutes of the 3 August meeting of the ‘Taxation of foreign branches’ working group, and the group’s approved terms of reference. This consultation is set to close on 15 October.
See www.lexisurl.com/g82hx.
The Government’s alternative proposals to restrict pensions tax relief are an improvement on the previous administration’s rules but there are still issues to be resolved to make them workable, said the CIOT.
The Chartered Institute of Taxation has questioned whether it is worthwhile for professional bodies to review draft legislation and provide comments on technical changes.
Chris Sanger reflects on the constraints which may shape the Coalition's vision for the future tax system
The National Association of Pension Funds (NAPF) has welcomed the Government’s alternative proposals to restrict pensions tax relief for those on higher incomes, but warned that ‘unintended consequences will punish savers who are not high earners’.
Christian Aid is seeking to persuade four ‘household name’ companies to back accounting reforms to ‘help poor countries collect more of the tax billions which are rightfully theirs’.
‘Tax regime drives 20% of big businesses to consider leaving UK’ declared a Daily Telegraph headline on 25 August. But the research, conducted by TNS-BMRB for HMRC last year, found that just over 10% of the 1,088 respondents had considered such a move.
Three professional bodies have joined forces to produce new guidance on the residence of trusts.