John Whiting and Caroline Turnbull-Hall of the Office of Tax Simplification look at how the way terms are defined in tax legislation contributes to complexity... or could it be a route to simplification?
…Hungary & Liechtenstein; personal service companies; Wales; toolkit survey; HMRC protocol; entertainers
Helen Lethaby reviews recent developments affecting the City, including profit deferral under AIFMD, compensating adjustments, new DOTAS rules and the Ingenious Media case.
Paul Aplin on the aspirations for HMRC
William Watson welcomes HMRC’s latest attempt to resolve the tax issues arising where debt is subject to non-standard terms as to the payment of the principal and/or interest, but says there is further work to do.
Kate Alexander compares the intellectual property regimes in other EU member states to that of the UK’s, and analyses the potential challenges to the UK patent box regime and their impact.
The UK and Isle of Man governments signed an intergovernmental agreement (IGA) to ‘improve international tax compliance’ on 10 October.
The Office of Tax Simplification (OTS) is carrying out a project to identify and measure the factors responsible for tax complexity. As part of the project, definitions in tax legislation have been considered.
George Osborne’s deficit reduction programme looked to have stalled just a few months ago. Recent evidence suggests it is starting to get back on track, David Smith writes.