The practical difficulties may be harder than expected to deal with, claims James Coward
The House of Lords Economic Affairs Committee heard from representatives of HMRC and HM Treasury on 18 June, following its decision in March to conduct an inquiry into whether a new approach to taxing corporations is needed.
A Public Bill Committee has agreed a group of amendments to clause 54 and Sch 22 (Employee shareholder shares).
The Isle of Man, Jersey and Guernsey have all confirmed that they will join the Multilateral Convention on Mutual Tax Assistance.
The government is consulting until 2 July 2013 on proposals for further measures to support the visual effects industry through the tax system.
Taxpayers and HMRC alike can learn from the high-profile case, says Angela Savin
A new EU law requiring multinationals to report profits and taxes on a country by country basis may be introduced within a few months, reports have suggested after the European Council agreed to strengthen measures to tackle tax evasion and avoidance.
The government has tabled amendments to the Finance Bill, as follows:
Transfer of assets abroad: Two amendments to Sch 10, which remove domicile as a relevant factor in determining whether a company is a ‘person abroad’.
James Bullock looks at the activist group's failed attempt to challenge HMRC
Tax campaigners insisted on Tuesday that the OECD’s review of the international tax system should not rule out the option of unitary taxation, while leading tax professionals warned that such a regime would create significant practical difficulties.