‘Whitehall departments are braced for more spending cuts after plunging tax receipts left the Treasury facing the prospect of a new black hole in the public finances this autumn.
‘Treasury ministers are considering the introduction of German-style “mini jobs”, which exempt workers from tax and national insurance, as part of a swathe of labour reforms to reboot the economy.
Young adults are more likely than their elders to consider using tax havens, survey finds
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