Treasury Committee member John Mann expects Google to be called in over ‘tax avoidance’
Mistakes happen but deliberate non-compliance ‘is far from the norm’
HMRC's history of ensuring its anti-avoidance provisions comply with the fundamental freedoms of EU law is not a happy one. On 30 July, it released its consultation document into reforming the rules around the transfer of assets abroad (in ITA 2007 ss 714–751) and the attribution of gains in TCGA 1992 s 13. It appears to be up to its old tricks again.
Steve Edge gives his view on why the time is right for the introduction of a limited scope general anti-abuse rule of the type proposed
Paul Miller reviews the recent Greene King cases, which show just how important it is, for tax purposes, to get the legal and accounting analysis right in the financial products arena.
Laura Elizabeth John examines the five steps set out in the BAA litigation to determine whether a specific tax regime is compatible with European State aid rules
Taxpayer confidentiality could be compromised, says Jonathan Levy
‘It is never a great sign when politicians start appealing to taxpayers’ patriotism.
The CIOT has published a note of ‘initial points’ raised on behalf of its members in meetings with HMRC and HM Treasury to discuss the June 2012 response document.
David Wilson sets out issues for advisers to consider this month.